Saturday, March 26, 2011

GDP growth in last 10 years

Nepal's GDP growth in last 10 years

2001-02 – 0.16 per cent
2002-03 – 3.77 per cent
2003-04 – 4.41 per cent
2004-05 – 3.23 per cent
2005-06 – 3.73 per cent
2006-07 – 2.75 per cent
2007-08 – 5.80 per cent
2008-09 – 3.77 per cent
2009-10 – 3.97 per cent
2010-11 – 3.47 per cent (projection)

Nepal's GDP per capita in last 10 years
2001-02 -- $259
2002-03 -- $255
2003-04 -- $261
2004-05 -- $293
2005-06 -- $328
2006-07 -- $350
2007-08 -- $390
2008-09 -- $465
2009-10 -- $556
2010-11 -- $642


GDP Growth: Economic growth is the increase of per capita gross domestic product (GDP) or other measures of aggregate income, typically reported as the annual rate of change in real GDP. Economic growth is primarily driven by improvements in productivity, which involves producing more goods and services with the same inputs of labor, capital, energy and materials. Economists draw a distinction between short-term economic stabilization and long-term economic growth. The topic of economic growth is primarily concerned with the long run. The short-run variation of economic growth is termed the business cycle.

GDP Per Capita: Per capita income or income per person is the numerical quotient of income divided by population, in monetary terms. It is a measure of all sources of income in an economic aggregate of a country. It does not measure income distribution or wealth.

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