Key Figures

Chief of State:
President Bidhya Devi Bhandari
Head of Government:
Prime Minister Khadga Prasad Oli

Overview

Government Name:
Federal Democratic Republic of Nepal
Constitution:
Adopted: 1990; As the country's 5th constitution since 1948, this constitution changed a previously partyless system into a multiparty system. It also changed the King's role into one of a constitutional monarch rather than solely a monarch.
Government Type:
Federal Parliamentary Republic
Federal Democratic Republic of Nepal Flag
Coat of Arms of Federal Democratic Republic of Nepal

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2019)

Country Risk Rating

C
A very uncertain political and economic outlook and a business environment with many troublesome weaknesses can have a significant impact on corporate payment behavior. Corporate default probability is high. Source: Coface (2020)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

President serves as the head of state of Nepal. Prime minister exercises executive power and heads the cabinet of ministers.

President and prime minister are elected by parliament.

5 years

Judicial

Highest court of Nepal.

Appointed by the prime minister on the recommendation of the Constitutional Council and the Judicial Council.

Mandatory retirement age of 65

Legislative

Serves as the country's parliament and legislative body.

240 members are elected by plurality vote in single-member constituencies. 355 members are elected through a closed-list proportional representation system, and 26 members are appointed by the cabinet.

5 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Information not available
Tax Name:
Information not available

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/