May 3, 2023 | Investopaper
The annual per capita income (PCI) of Nepalis has increased to 1,399 US dollars in the fiscal year 2079/80. As per the data presented by Central Bureau Of Statistics, the Per capita income has increased in the current fiscal year.
In the last fiscal year, the per capita income of Nepalis was 1,381 dollars. Compared to previous period, the income of Nepalis increased by 18 US dollars.
Per Capita Income (PCI) refers to an total income an average citizen earns during a period of one year. It is computed by dividing total income of a nation by its total population. Higher PCI is attributed the higher standard of living and quality of life.