The main labour market challenges in Nepal stem from the slow pace of economic development: almost three-quarters of workers continue to earn a living in the agricultural sector. Thus, the vast majority of workers are informally employed. Due to the lack of employment opportunities in the domestic labour market, labour migration is the main option for thousands of young Nepalis entering the labour market every year.Over the last decade, economic growth in Nepal has been relatively low (in comparison to other low- income countries) and highly dependent on services (Figure 1). At the same time, volatility in agricultural output, which still represents 33.7 per cent of GDP (2013/14), translates into variability in aggregate growth rates. From an expenditure perspective, Nepal’s economy is dominated by private consumption (fuelled by remittances), which averages at around 90 per cent of GDP (up to 91.1 per cent in 2013/14).
#LabourMarket #Nepal #JobOppurtunities #Unemployment #Agriculture
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Publisher:
ILO
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(2014
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Type / Script:
Bulletin or Poster
in English
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Keywords:
MARKETS, JOB OPPURTUNITIES, EMPLOYMENT, LABOUR, UNEMPLOYMENT, LABOUR MARKET, YOUTH, FOREIGN EMPLOYMENT, PROMOTING, AGRICULTURE, OCCUPATIONS, STANDARDS, INTERNATIONAL LABOUR,DECENT WORK
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Thematic Group:
ILO
:
International Labor & Labor
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Thesaurus:
12.01.00
- Employment Promotion And Planning
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Reference Link:
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