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The Basic Reasons of the Government of Nepal to Put Restrictions and Barriers in the Import Can Be Outlined as Follows:

In:

Submitted By rbjahangir
Words 2567
Pages 11
1.
Gross Domestic Product (GDP) of a country can be defined as the measurement of certain nation economy income and output for a given time period. The GDP of a country is equal to the total expenditure for all the final goods and services for the specific time period. The final goods refers to goods those are not reused to produce any other product. In simple words to sum up GDP measures the income and output of a certain country’s economy which were produced within the country.
Nepal is the country which is a landlocked country which lies in the South East Asia. Nepal is one of the poorest and least developed countries in the world where one quarter of the population is living below the poverty line (Nepal Economy Profile 2014).According to the Annual report of Nepal (2013) the GDP estimated was total of 19.34 billion dollars which is calculated on the basis of the expenditure approach. The Annual Report of Nepal (2013) also depicts that the GDP is heavily dependent on the agriculture sector as it employs 70% populations of Nepal and has 37% worth composition where the major composition is held by service sector has it holds 50% and the rest is held by industry sector.
The general calculation of the Nepal is basically done in expenditure approach which can be illustrated as follows:
GDP=C+I+G+(X-M)
Where,
C=Household Consumption of Nepal
I=Investment the private investment in Nepal
G=Government of Nepal’s spending done for different activities
X=Export of the Nepal to foreign countries
M=Import of Nepal from foreign countries

As calculation and values of these components are as follows:
C=15.70 billion dollars
I=7 billion dollars
G=1.93 billion dollars
X=1.99 billion dollars
M=7.1 billion dollars So,
The simple calculation gives us
GDP=15.70+7+1.93+(1.99-7.1)=19.34 billion dollars
In this above manner we can see that Nepal GDP is

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