Tourism is a vital part of Nepal’s economy

Published on : Saturday, April 1, 2017

NepalAs of 2016, Nepal’s travel and tourism sector pumped Rs177 billion into the economy and supported more than 427,000 jobs, according to the WTTC. Tourism accounts for 7.5% of Nepal’s GDP and is forecast to rise 4.3% annually to Rs. 287.6 billion, or 8.3% of the GDP in 2027.

 
The WTTC report said travel and tourism’s direct contribution to the GDP in 2016 was Rs. 85.2 billion or 3.6%. This is forecast to rise by 6.8 percent to Rs91 billion in 2017. Among 185 countries surveyed, Nepal is ranked 37th in terms of travel and tourism direct contribution to GDP among 185 countries surveyed.

 
Nepal ranks behind India and Bangladesh but is ahead of Sri Lanka in South Asia regarding direct contribution of tourism to economy. The WTTC said that travel and tourism investment in Nepal last year was Rs16.5 billion, 3% of the total investment.

 

Foreign tourist arrivals to Nepal jumped 39.71% to 753,002 in 2016. Visitor exports generated Rs. 48.6 billion, or 17.7% of total exports in 2016. In 2017, this is expected to grow by 9%, and the country is expected to attract 801,000 international tourist arrivals.

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