Poverty: Nepal
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2013, 2014
As per the Human Development Report (2014), the poverty prevalence in Nepal is 23.8 percent.
Nepal's poverty rate stood at 24.8 per cent in 2013. It means that around a quarter of the population in that year was living on less than $1.25 a day. But if the international poverty line of $1.25 a day was raised to $2 a day at that time, 57.3 per cent of the population would have been categorized as poor.
2015: After the Nepal earthquake: 2015
The Nepal earthquake: 2015 was of 7.9 magnitude and rocked as many as 36 of the 75 Nepali districts and among them 14 are worst hit where 8,800 people were killed, thousands injured and an estimated one million residents displaced.
The devastating quake and aftershocks damaged assets and properties valued at $5.13 billion (Nepalese Rs.513 billion), and the loss in terms of foreign earnings in different sectors is to the tune of $1.88 billion, the Post-Disaster Needs Assessment (PDNA) report said.
The districts ravaged by the earthquake were not the poorest in the country.
Around 26.5 per cent of the population residing in quake-affected rural areas are categorized as poor. This figure is equivalent to national poverty rate.
On the other hand, only 9.7 per cent of the population living in quake-affected urban areas live below the poverty line.
Considering this, the earthquake will end up pushing 700,000 to 982,000 people (2.5 to 3.5 per cent of the population) into poverty in 2015-16, the report added.
According to the PDNA report, of the people who fall back into poverty, roughly 50 to 70 per cent are likely to hail from rural central hills and mountains where overall vulnerability was very high prior to the earthquake.
