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A man in a farm

Nepal

Inclusive Economic Growth

Overview

Nepal is a Least Developed Country with US $ 1372 GDP Per Capita. Nepal has in average just 5 percent economic growth in last decade. Despite low economic growth, Nepal however has made good progress in reducing poverty from 25.2 percent in 2011 to 16.7 percent in 2019.

But these numbers belie a harsh reality: huge disparities and inequalities persist between regions and social groups. Low productive capacity, import based economy, declining manufacturing sector, poor investment climate, lack of access to affordable credit are among the key factors contributing to low economic growth and high unemployment billions of dollars. 

Our goals

Nepal has tremendous potential for development and subsequent job creation through sustainable use of natural resource-based enterprises in the rural areas, where 80 percent of the population lives. However, lack of awareness, education and skills to utilize existing resources continues to perpetuate underemployment and underdevelopment. To help address challenges and tap opportunities, UNDP’s work in Nepal on poverty and sustainable development has been designed around three broad pillars: employment creation and skill development, livelihood enhancement and policy support in inclusieve and pro-poor development.