Information technology is biggest export sector of Nepal

In the financial year 2078/79, Nepal exported goods worth two trillion. The amount earned by Nepal by exporting information technology services in one year is 43 percent of the total exports. The study report titled "Exposure of Information Technology: Advancing Nepal's Digital Economy" has shown that there are 106 companies exporting information technology services in Nepal.

Apart from that, 66 thousand 509 freelancers are also exporting software development and technology services, according to the study report. The report states that the export of information technology services has increased by 64 percent in 2022 compared to 2021.

The study stated that information technology services exported from Nepal in 2022 were 1.4 percent of the gross domestic product and contributed 5.5 percent to the country's total foreign exchange reserves. It has been mentioned that 83.5 percent of those working in information technology export are young people in the age group of 20 to 29 years. This is all the money earned by Nepalis by selling information technology to foreign companies while staying in Nepal.