Facts about Nepal

Nepal is among the poorest and least developed countries in the world, with 55% ( in 2007 )  of its population living below the international  poverty line ( US $1.25 per day ) . Agriculture is the mainstay of the economy( 40% ) , providing a livelihood for three-fourths of the population. Tourism is also an important component of the economy.  Industrial activity mainly involving the processing of agricultural products makes up approximately 20%. Due to its landlocked geographic location, civil strife, labor unrest, its susceptibility to nature disaster, as well as shortage of skilled labour, economic development is depressed.   Therefore, many Nepalese move to India, The Gulf countries and Malaysia in search of work.