Monday 27th January 2020

Nepal Witnesses 130% Upsurge in GNI Per Capita in 28 Years

Nepal’s per capita Gross National Income (GNI) has witnessed a growth of 130% between 1990 and 2018
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Nepal Witnesses 130% Upsurge in GNI Per Capita in 28 Years

Nepal Finance Minister Dr. Yuba Raj Khatiwada has released the Human Development Report issued by the United Nations Development Program (UNDP) in Kathmandu on December 10, 2019.

According to the report, with 0.579 Human Development Index (HDI) value, Nepal secured 147th position out of 189 countries.

The report claimed that the per capita Gross National Income (GNI) of Nepal had proliferated by 130.5% over the past 28 years from 1990 to 2018.

 

Moreover, the HDI value had increased by 0.52% from 0.380 to 0.579 in the aforementioned period.

Other Demographics:

  • Average age of birth rate: Increased by 16.1 years
  • Median year of schooling: Increased by 2.8 years
  • Expected year of schooling: Increased by 4.7 years

According to the UNDP, now Nepal is in the category of medium HDI.

The growth in the per capita GNI, HDI and other demographics is mainly due to the positive initiations taken by the government in educational, health and employment sectors.

HDI Rankings of Other South Asian Countries:

  • India: 129
  • Bangladesh: 135
  • Bhutan: 139
  • Nepal: 147
  • Pakistan: 152
  • Afghanistan: 170
  • Sri Lanka: 171

Even though Nepal has seen a drastic rise in GNI and HDI, the people with meagre income are facing scarcity for health, education and adequate living standards.

What is Human Development Index (HDI)?

What is Human Development Index (HDI)?

So, in order to ensure ‘increase in income for increase in equality’, the government should make necessary reforms at policy level to equal distribution of resources.


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