Diplomatic representation from the US:
chief of mission: Ambassador Nancy J. POWELL embassy: Maharajgunj, Kathmandu mailing address: use embassy street address telephone: [977] (1) 400-7200 FAX: [977] (1) 400-7272
Flag description:
red with a blue border around the unique shape of two overlapping right triangles; the smaller, upper triangle bears a white stylized moon and the larger, lower triangle bears a white 12-pointed sun
Economy
Nepal
Economy - overview:
Nepal is among the poorest and least developed countries in the world with almost one-third of its population living below the poverty line. Agriculture is the mainstay of the economy, providing a livelihood for three-fourths of the population and accounting for 38% of GDP. Industrial activity mainly involves the processing of agricultural produce including jute, sugarcane, tobacco, and grain. Security concerns relating to the Maoist conflict have led to a decrease in tourism, a key source of foreign exchange. Nepal has considerable scope for exploiting its potential in hydropower and tourism, areas of recent foreign investment interest. Prospects for foreign trade or investment in other sectors will remain poor, however, because of the small size of the economy, its technological backwardness, its remoteness, its landlocked geographic location, its civil strife, and its susceptibility to natural disaster.
GDP (purchasing power parity):
$29.29 billion (2007 est.)
GDP (official exchange rate):