Over 90 percent of Nepal’s GDP spent on consumption, Shift toward services growing
▸ Part of: Nepal's Economy Projected to Grow 3.85% Amidst Global Uncertainty, Finance Minister Reports
Nepal's economy remains heavily consumption-driven, with over 90 percent of its GDP spent on consumption, according to the Economic Survey 2082/83. The survey indicates a continued dependence on household and institutional spending rather than production and investment. While overall consumption growth is projected to slow, private sector consumption dominates, and there is a growing trend of spending shifting from food items towards services.
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