Nepal Development Update : Investing in People to Close the Human Capital Gap
Gross domestic product (GDP) growth in Nepal is estimated at 7.1 percent in FY2019, driven mainly by the service and agriculture sectors. The service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restaurant subsec...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/231411559761365601/Nepal-Development-Update-Investing-in-People-to-Close-the-Human-Capital-Gap http://hdl.handle.net/10986/31802 |
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okr-10986-318022021-05-25T09:24:24Z Nepal Development Update : Investing in People to Close the Human Capital Gap World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS HUMAN CAPITAL INCLUSIVE GROWTH SERVICE DELIVERY INEQUALITY HEALTH SERVICE DELIVERY SOCIAL PROTECTION LABOR MARKET AGRICULTURAL PRODUCTIVITY MONETARY POLICY REMITTANCES POVERTY LITERACY HEALTH EXPENDITURE EDUCATION Gross domestic product (GDP) growth in Nepal is estimated at 7.1 percent in FY2019, driven mainly by the service and agriculture sectors. The service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restaurant subsectors, driven by an uptick in tourist arrivals and remittance-fueled private consumption. Agriculture is estimated to grow by 5 percent in FY2019, well above its 30-year average of 3.1 percent, due to good monsoons, increased commercialization, availability of fertilizers and seeds, and improved irrigation facilities. Industrial growth is also likely to be strong at 8.1 percent, well above its 30-year average of 5 percent, mainly due to improved power availability from increased electricity generation. Private investment and consumption are likely to be the main contributors to growth on the demand side. However, public investment is projected to contract due to a slowdown in post-earthquake reconstruction and delays in national pride projects like Melamchi water supply and Upper Tamakoshi hydroelectric. 2019-06-06T17:16:14Z 2019-06-06T17:16:14Z 2019-06-06 Report http://documents.worldbank.org/curated/en/231411559761365601/Nepal-Development-Update-Investing-in-People-to-Close-the-Human-Capital-Gap http://hdl.handle.net/10986/31802 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Nepal |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS HUMAN CAPITAL INCLUSIVE GROWTH SERVICE DELIVERY INEQUALITY HEALTH SERVICE DELIVERY SOCIAL PROTECTION LABOR MARKET AGRICULTURAL PRODUCTIVITY MONETARY POLICY REMITTANCES POVERTY LITERACY HEALTH EXPENDITURE EDUCATION |
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ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS HUMAN CAPITAL INCLUSIVE GROWTH SERVICE DELIVERY INEQUALITY HEALTH SERVICE DELIVERY SOCIAL PROTECTION LABOR MARKET AGRICULTURAL PRODUCTIVITY MONETARY POLICY REMITTANCES POVERTY LITERACY HEALTH EXPENDITURE EDUCATION World Bank Group Nepal Development Update : Investing in People to Close the Human Capital Gap |
| geographic_facet |
South Asia Nepal |
| description |
Gross domestic product (GDP) growth in
Nepal is estimated at 7.1 percent in FY2019, driven mainly
by the service and agriculture sectors. The service sector
is likely to grow by 7.5 percent due to a boost in the
retail, hotel, and restaurant subsectors, driven by an
uptick in tourist arrivals and remittance-fueled private
consumption. Agriculture is estimated to grow by 5 percent
in FY2019, well above its 30-year average of 3.1 percent,
due to good monsoons, increased commercialization,
availability of fertilizers and seeds, and improved
irrigation facilities. Industrial growth is also likely to
be strong at 8.1 percent, well above its 30-year average of
5 percent, mainly due to improved power availability from
increased electricity generation. Private investment and
consumption are likely to be the main contributors to growth
on the demand side. However, public investment is projected
to contract due to a slowdown in post-earthquake
reconstruction and delays in national pride projects like
Melamchi water supply and Upper Tamakoshi hydroelectric. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Nepal Development Update : Investing in People to Close the Human Capital Gap |
| title_short |
Nepal Development Update : Investing in People to Close the Human Capital Gap |
| title_full |
Nepal Development Update : Investing in People to Close the Human Capital Gap |
| title_fullStr |
Nepal Development Update : Investing in People to Close the Human Capital Gap |
| title_full_unstemmed |
Nepal Development Update : Investing in People to Close the Human Capital Gap |
| title_sort |
nepal development update : investing in people to close the human capital gap |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/231411559761365601/Nepal-Development-Update-Investing-in-People-to-Close-the-Human-Capital-Gap http://hdl.handle.net/10986/31802 |
| _version_ |
1764475102168088576 |