Posted by: hakim_saab February 17, 2011
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Here's some economic facts that will ensure land prices will continue to outpace other returns in the long run.
1) Nepal's population growth rate is 2% a year (very high).
2) Every year 4 lakh people enter the workforce of which 3 lakh go for foreign employment.
3) Continued exodus of people from the villages to the cities.
4) Nepal's stated GDP is half of what it really is, the informal sector which is not measured is as large as the formal GDP. Ever wondered why in Nepal you don't see oceans of slums like in India? No one can account for the size or the growth rate of the informal economy although its presumed to be growing at a fast rate.
http://www.iariw.org/papers/2009/7%20Suwal.pdf
5) The composition of Nepali foreign workers is slowly morphing from a largely unskilled cohort to a skilled/semi skilled pool with the sustained rise of an educated diaspora.
1) Nepal's population growth rate is 2% a year (very high).
2) Every year 4 lakh people enter the workforce of which 3 lakh go for foreign employment.
3) Continued exodus of people from the villages to the cities.
4) Nepal's stated GDP is half of what it really is, the informal sector which is not measured is as large as the formal GDP. Ever wondered why in Nepal you don't see oceans of slums like in India? No one can account for the size or the growth rate of the informal economy although its presumed to be growing at a fast rate.
http://www.iariw.org/papers/2009/7%20Suwal.pdf
5) The composition of Nepali foreign workers is slowly morphing from a largely unskilled cohort to a skilled/semi skilled pool with the sustained rise of an educated diaspora.