Second report of Economic Census released

Kathmandu, May 19

A business entity in Nepal earned Rs. 947,000 in an average in 2017/18, concluded the second report of the National Economic Census 2018.

According to the report, 922,445 enterprises across the country had earned Rs. 2.91 trillion in a year and spent Rs. 2.06 trillion thus earning Rs. 853 billion in profits. It puts the ratio of sales and profit to 29.3 per cent.

Each person involved in economic activities earned Rs. 274,000. The first result of the census had shown that as of April 2018, about 3.40 million people were engaged in business activities – 2.04 million male and 1.36 female. Nepal has about 32 business establishments per 1000 people.

The report published on Monday showed that electricity, gas and air conditioner suppliers, communication and information, construction, transportation and warehouse, financial intermediaries and insurance, and real estate are the top grossing sectors.

A unit in electricity and gas sector earned Rs. 113.24 million a year with the profit of 22.2 million. Communication and information sector company earned Rs. 84.9 million and grossed profit of 19.8 million. Likewise, constrruction and transportation sector enterprise earned Rs. 57.3 million and Rs. 49.7 million respectively.

Agriculture and education are the highest profit yielding sectors with each enterprise spending Rs. 1.09 million and profit earning of Rs. 1.3 million in agriculture sector and profit of Rs. 3.04 for Rs. 3.5 million spending in education.

Published in The Rising Nepal daily on 20 May 2020.