Economic development is a process whereby an economy's real national income as well as per capita income increases over a long period of time. Following figure represents the percapita GDP of Nepal, which shows its not much increase during long period of time.
Economic development, as it is
now generally understood, includes the development of agriculture, industry, trade,
transport, Tourism, power resources, etc. It, thus, indicates a process of development. The sectoral
improvement is the part of the process of development which refers to the
economic development. In context of Nepal, sector wise growth during FY 2013/14
is as follow:
The structure of Nepalese economy has been changing gradually. Contribution of agriculture and industry sectors to GDP showed a declining trend while that of services sector showed the opposite.