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The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. [6] Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications, electric power, industry, or civil service.
Although very little is known about the early history of Nepal, legends and documented references reach far back to the 30th century BC. [15] Also, the presence of historical sites such as the Valmiki ashram , indicates the presence of Sanatana (ancient) Hindu culture in parts of Nepal at that period.
Nepal is one of the least developed countries, which ranks 165th in the world [k] in nominal GDP per capita [187] and 162nd [l] in GDP per capita at PPP. [188] Nepal's gross domestic product (GDP) for 2019 was $34.186 billion. [189] [190] Nepal has consistently been ranked as one of the poorest countries in the world.
Here is a look at why Nepal, where more than 360 have died in airplane or helicopter crashes since 2000, is particularly susceptible. ... Among the world's poorer countries, Nepal has not invested ...
Transparency International's 2023 Corruption Perceptions Index, which scored 180 countries on a scale from 0 ("highly corrupt") to 100 ("very clean"), gave Nepal a score of 35. When ranked by score, Nepal ranked 108th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [ 2 ]
Nepal was home to the most disappearances in the world during the conflict. The conflict is also considered one of the major reasons for a lack of development in Nepal, a reduction in human rights in the realms of poverty, health, education, and gender equality. Issues in these realms continue to persist today.
with lowest economic class based on the World Bank's international poverty lines of $2.15 and $3.65 a day Country Region World Bank Income group (2024) Extremely poor: Less than $2.15 a day Moderately poor: $2.15 to less than $3.65 a day Not extremely or moderately poor: $3.65 or above a day Afghanistan: South Asia Low income
Corruption Perceptions Index 2019, ranked 113rd most corrupt out of 176 governments, [5] 110th out of 180 countries in 2022 [6] Press Freedom Index 2017, ranked 100 out of 180 countries [7] Freedom of the Press 2017, ranked 108 out of 198 [8] Democracy Index 2016, ranked 102 out of 167 governments [9]