Nepali overseas workers’ earnings dwindles
Friday, 29 June 2007
KATHMANDU, June 28 (Xinhua): Nepal has managed to post an encouraging growth in remittance, but a closer look at the receipts show that earnings of average Nepalis working overseas has dwindled drastically over the past one decade.
Data of ministry of labour shows today the number of overseas workers has gone up by 77 times over the period of 1995/96 - 2005/ 06. However, the amount of remittance has edged up by just 34 times during the period, according to the central bank.
Analysis of these two figures suggests: earning per capita of overseas Nepali workers stands at mere half of what it used to be a decade ago, a leading website, eKantipur.com reported.
In 1995/96, Nepal had received a total of 2.66 billion Nepali rupees (some 38 million US dollars) in remittance from 2,134 workers employed abroad, which means each worker had earned an average of 1.24 million rupees (17,714 dollars) per year.
Data of ministry of labour shows today the number of overseas workers has gone up by 77 times over the period of 1995/96 - 2005/ 06. However, the amount of remittance has edged up by just 34 times during the period, according to the central bank.
Analysis of these two figures suggests: earning per capita of overseas Nepali workers stands at mere half of what it used to be a decade ago, a leading website, eKantipur.com reported.
In 1995/96, Nepal had received a total of 2.66 billion Nepali rupees (some 38 million US dollars) in remittance from 2,134 workers employed abroad, which means each worker had earned an average of 1.24 million rupees (17,714 dollars) per year.