Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal

Economic growth in Nepal remained robust, reaching 7.1 percent in FY2019. This is in contrast with past growth that averaged 4.1 percent a year between FY2007 and FY2016. The service sector accounted for 57 percent of the growth, and the agricultur...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Kathmandu 2019
Subjects:	ECONOMIC GROWTH FISCAL TRENDS MONETARY POLICY POVERTY REDUCTION ECONOMIC OUTLOOK RISKS DIGITAL TECHNOLOGY NATIONAL GOVERNANCE FEDERALISM DATA COLLECTION DATA CHALLENGES
Online Access:	http://documents.worldbank.org/curated/en/485591576101383264/Nepal-Development-Update-Envisioning-a-Future-Data-Ecosystem-in-Federal-Nepal http://hdl.handle.net/10986/32891

id	okr-10986-32891
recordtype	oai_dc
spelling	okr-10986-328912021-05-25T09:30:40Z Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal World Bank ECONOMIC GROWTH FISCAL TRENDS MONETARY POLICY POVERTY REDUCTION ECONOMIC OUTLOOK RISKS DIGITAL TECHNOLOGY NATIONAL GOVERNANCE FEDERALISM DATA COLLECTION DATA CHALLENGES Economic growth in Nepal remained robust, reaching 7.1 percent in FY2019. This is in contrast with past growth that averaged 4.1 percent a year between FY2007 and FY2016. The service sector accounted for 57 percent of the growth, and the agriculture sector contributed an additional 24 percent. Higher remittance inflows and a surge in tourist arrivals translated into higher growth in retail trade, real estate, transport, and hotel and restaurant services. Good monsoons and increased commercialization coupled with improved availability of fertilizers, seeds, and irrigation facilities contributed to higher paddy, maize, and wheat production. Higher remittances also supported increased private consumption, while private investment expanded because of regular electricity supply and greater political and policy stability. However, public investment contracted as post-earthquake housing reconstruction slowed and national pride projects like Melamchi water supply and Upper Tamakoshi hydroelectric were further delayed. Net exports continued to underperform. 2019-12-12T15:22:19Z 2019-12-12T15:22:19Z 2019-12 Report http://documents.worldbank.org/curated/en/485591576101383264/Nepal-Development-Update-Envisioning-a-Future-Data-Ecosystem-in-Federal-Nepal http://hdl.handle.net/10986/32891 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Kathmandu Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling South Asia Nepal
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH FISCAL TRENDS MONETARY POLICY POVERTY REDUCTION ECONOMIC OUTLOOK RISKS DIGITAL TECHNOLOGY NATIONAL GOVERNANCE FEDERALISM DATA COLLECTION DATA CHALLENGES
spellingShingle	ECONOMIC GROWTH FISCAL TRENDS MONETARY POLICY POVERTY REDUCTION ECONOMIC OUTLOOK RISKS DIGITAL TECHNOLOGY NATIONAL GOVERNANCE FEDERALISM DATA COLLECTION DATA CHALLENGES World Bank Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal
geographic_facet	South Asia Nepal
description	Economic growth in Nepal remained robust, reaching 7.1 percent in FY2019. This is in contrast with past growth that averaged 4.1 percent a year between FY2007 and FY2016. The service sector accounted for 57 percent of the growth, and the agriculture sector contributed an additional 24 percent. Higher remittance inflows and a surge in tourist arrivals translated into higher growth in retail trade, real estate, transport, and hotel and restaurant services. Good monsoons and increased commercialization coupled with improved availability of fertilizers, seeds, and irrigation facilities contributed to higher paddy, maize, and wheat production. Higher remittances also supported increased private consumption, while private investment expanded because of regular electricity supply and greater political and policy stability. However, public investment contracted as post-earthquake housing reconstruction slowed and national pride projects like Melamchi water supply and Upper Tamakoshi hydroelectric were further delayed. Net exports continued to underperform.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal
title_short	Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal
title_full	Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal
title_fullStr	Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal
title_full_unstemmed	Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal
title_sort	nepal development update, december 2019 : envisioning a future data ecosystem in federal nepal
publisher	World Bank, Kathmandu
publishDate	2019
url	http://documents.worldbank.org/curated/en/485591576101383264/Nepal-Development-Update-Envisioning-a-Future-Data-Ecosystem-in-Federal-Nepal http://hdl.handle.net/10986/32891
_version_	1764477767202635776

Nepal Development Update, December 2019 : Envisioning a Future Data Ecosystem in Federal Nepal

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