Nepal is a small, landlocked country situated in the Himalayas, bordered by India and China. Nepal's economy has experienced both growth and decline over the years, influenced by various internal and external factors. In this article, we will explore the economic growth and decline of Nepal in recent times. Economic Growth of Nepal Nepal's economy has been growing at a steady pace in recent years. According to the World Bank, Nepal's GDP growth rate was 6.5% in 2019. This growth can be attributed to several factors, including: Remittance: Remittances from Nepali citizens working abroad have been a significant source of income for Nepal. In 2019, remittances contributed around 26% of Nepal's GDP. Agriculture: Agriculture is the backbone of Nepal's economy, employing around 70% of the country's population. The sector accounts for around 30% of the country's GDP. Tourism: Tourism is another significant contributor to Nepal's economy, accounting
Social and political general subject