Agriculture can help reduce poverty for 75% of the world's poor, who live in rural areas and work mainly in farming.

Garments, the backbone of Bangladesh's industrial sector, accounted for more than 80% of total exports in FY 2016-17.

There is the possibility of increment in the GDP if the insurance policy of the animals is properly implemented. Industry Sector : With GDP of $23,835 billion, Industry Sector holds a share of 30% of total GDP nominal. According to the Central Bureau of Statistics (CBS), the GDP growth of Bagmati Province, the largest contributor to the Nepali economy, will plunge to 1.23% in the current FY 2019-20. Agriculture is the mainstay of the economy, providing a livelihood for almost two-thirds of the population but accounting for less than a third of GDP.

Nepal's GDP growth is expected at 2.3% in 2020 and 3.1% in 2021 – Source: ADOS 2020 (June 2020) Nepal's inflation rates forecasted at 6.6% in 2020 and 6.5% in 2021 – Source: ADOS 2020 (June 2020) Gibraltar, Macau, Monaco and Singapore has no agricultural output.

According to the World Travel and Tourism Council’s annual research report, Nepal’s tourism sector generated revenue of NPR 240.7 billion and supported over 1.05 million jobs directly and indirectly in 2018.

On 25 April 2015, a 7.8 magnitude earthquake struck Nepal with a series of strong aftershocks including one of 7.3 magnitude on 12 May 2015. Agriculture contributed the … National report. Moreover, subsidised loans from the government should be increased to Rs 2.5 million for agriculture businesses. Nepal's economy is suspected to be facing a drastic compression as Asian Development Bank (ADB) has prognosticated a decline in GDP to 5.3% in the fiscal year 2020, down from 7.1% a year earlier. In the long-term, the Nepal GDP Annual Growth Rate is projected to trend around 3.50 percent in 2021 and 4.50 percent in 2022, according to our econometric models. The organization said that the country’s travel and tourism contributed to 7.9 percent of its GDP last year, up from 3.6 percent. Economic Overview. In Nepal, the economy is dominated by agriculture.In the late 1980s, it was the livelihood for more than 90% of the population, although only approximately 20% of the total land area was cultivable, it accounted for, on average, about 60% of the GDP and approximately 75% of exports. GDP Annual Growth Rate in Nepal is expected to reach -6.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations.

It can raise incomes, improve food security and benefit the environment. 29 June Kathmandu : Prime Minister KP Sharma Oli has said that the impacts of COVID-19 on economy could be reduced from productivity and production growth in agriculture.

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