The economic growth rate of Far-West is estimated to be 3.06 percent

Dhangadhi: There are a total of 88 local levels in the Sudurpaschim province, including one sub-metropolitan city, 33 municipalities and 54 rural municipalities.

Far-West, which has a total of 9 districts has been unable to grow economically. The contribution of the agricultural sector to the gross domestic product (GDP) is satisfactory here. In the current financial year, the economy of Sudurpaschim Province is estimated to be 3.06 percent.

According to the Provincial Gross Domestic Product (GDP) report released by the National Statistics Office recently, the economic growth rate of Far-West Province in the current fiscal year at basic prices is estimated to be 3.06 percent.

Based on the actual data up to 9 months of the current financial year (last March) and the estimated data for the next three months (from April to June), the office has released the provincial accounting data. The agriculture sector has the highest contribution to the GDP while the administrative support services sector has the lowest contribution.

According to the report of National Statistics Office, Sudurpaschim province has 1 thousand 111 dollars per capita. Similarly, looking at the economic activities according to the industrial classification, the contribution of the agricultural sector is the highest in the last financial year and in this financial year.

The contribution of public administration and defense sector is seen in the second place in Far Western Province. In the financial year 2080/81, the national annual gross domestic product is estimated to be equal to 57 trillion 4 billion rupees. It is estimated that the contribution of Far-West will be 7.1 percent. According to the revised estimates for the financial year 2079/80, the contribution of Far-West to the GDP has decreased significantly.