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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.
The First Five-Year Plan(1956–61) allocated Rs330 million for development expenditures of which Rs220 million were funded by international donors, partly under the Colombo Plan. [2] Transportation received top priority with almost 30% of the budget allocation but rural development, including agriculture, village development, irrigation and ...
This is a list of Nepalese provinces by Human Development Index (HDI) as of 2022. Of the seven provinces of Nepal , four are considered to have "medium human development" per the Human Development Index , namely Bagmati , Gandaki , Koshi Pradesh , and Lumbini .
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP.
[1] [2] [3] It is the apex advisory body of the Government of Nepal for formulating a national vision, periodic plans and policies for development. It is headed by the Right Honorable Prime Minister. The NPC assesses resource needs, identifies sources of funding, and allocates budget for socio-economic development.
Expenditure-based GDP is total final expenditures at purchasers' prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. Revenue consists of taxes, social contributions, grants receivable, and other revenue.
Japan is Nepal's largest bilateral aid donor, [1] [2] [3] and the World Bank and Asian Development Bank are the largest multilateral donors. Donors have been reported as losing confidence in Nepal as a result of political interference and corruption in poverty relief efforts as well as the country's apparently poor capacity to utilize aid.
Research and development expenditure Country WB [7] UNECE [8] OECD [9] [10] Research and development expenditure Research and development expenditure Gross domestic spending on R&D % of GDP Year % of GDP Year % of GDP mil USD PPC Year Angola: 0.03% 2016 Albania: 0.15% 2008 United Arab Emirates: 1.50% 2021 Argentina: 0.52% 2021 Armenia: 0.21%