The gross domestic product (GDP) in current prices in Nepal was forecast to continuously increase between 2024 and 2029 by in total 26.8 billion U.S. dollars (+61.37 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 70.44 billion U.S. dollars and therefore a new peak in 2029. The gross domestic product at current prices is defined based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Bhutan, Sri Lanka, and Afghanistan.

The Gross Domestic Product (GDP) in Nepal was worth 40.91 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Nepal represents 0.04 percent of the world economy. This dataset provides - Nepal GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Nepal expanded 3.90 percent in the fourth quarter of 2023 over the same quarter of the previous year. This dataset provides - Nepal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in Nepal was forecast to continuously increase between 2024 and 2029 by in total 1.9 percentage points. According to this forecast, in 2029, the growth will have increased for the sixth consecutive year to 5.01 percent. This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Bangladesh, Pakistan, and India.

The Gross Domestic Product per capita in Nepal was last recorded at 1136.09 US dollars in 2023. The GDP per Capita in Nepal is equivalent to 9 percent of the world's average. This dataset provides - Nepal GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, India’s real gross domestic product (GDP) growth rate was around 8.15 percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately 1.95 percent that year, but it was forecasted to increase by 2.5 times to nearly 4.9 percent in 2025.Economy in South Asia In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2020, India had a GDP of over 2.6 trillion U.S. dollars, while Bangladesh and Sri Lanka followed. The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.Society in South AsiaFrom the South Asian countries, Bangladesh had the highest share of people living below the poverty line. The Maldives and Sri Lanka exhibited the highest and second-highest GDP per capita among the South Asian countries in 2021.

GDP per capita (current LCU) in Nepal was reported at 180118 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nepal - GDP per capita (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

The ratio of national debt to gross domestic product (GDP) in Nepal was forecast to decrease between 2024 and 2029 by in total 1.3 percentage points. This overall decrease does not happen continuously, notably not in 2026. According to this forecast, in 2029, the ratio will have decreased for the third consecutive year to 48.44 percent. Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Bhutan, Bangladesh, and India.

Key information about Nepal Foreign Exchange Reserves: % of GDP

• Nepal Foreign Exchange Reserves: % of GDP was reported at 4.000 % in Feb 2025
• This stayed constant from the previous number of 4.000 % for Jan 2025
• Nepal Foreign Exchange Reserves: % of GDP data is updated monthly, averaging 5.000 % from Jul 2003 to Feb 2025, with 260 observations
• The data reached an all-time high of 6.000 % in Jul 2018 and a record low of 3.000 % in Aug 2022
• Nepal Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Reserve Requirement Ratio: Monthly

Nepal Rastra Bank provides monthly Reserve Requirement Ratio.

In 2019, the average inflation rate in Nepal was at 4.64 percent, a slight drop compared to the previous year. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes.

Political and economic turmoil

The Nepalese economy is heavily influenced by the country’s political situation. It has made only slow progress in connecting with the global economy and improving the standard of living for its inhabitants but is now finally picking up speed. Nepal’s economy is not stable yet: Inflation is decreasing but all over the place – usually a sure sign of a struggling economy – and GDP growth is also not steady and forecast to decrease again in the future. Additionally, Nepal’s trade deficit seems to be in free fall.

Move to the city

A quarter of Nepal’s, mostly rural, population is living below the poverty line, but Nepal is working on improving their outlook in the future. Today, agriculture contributes about a third to the country’s GDP, and a sizeable share of commodity exports consists of agricultural products – but already the lion’s share of Nepal’s GDP is generated by the services sector, like tourism and textiles. By shifting GDP generation to services, and consequently creating jobs in the cities and attracting more people to urban areas, Nepal might finally be able to stabilize its economy and provide better living standards for its inhabitants.

Nepal verzeichnete im Jahr 2023 eine Staatsverschuldung von 42,70 Prozent des Bruttoinlandsprodukts des Landes. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Nepal - Staatsverschuldung gemessen am BIP.

The Gross Domestic Product per capita in Nepal was last recorded at 4859.80 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nepal, when adjusted by Purchasing Power Parity is equivalent to 27 percent of the world's average. This dataset provides - Nepal GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Nepal's Trade Balance

• Nepal's Trade Balance recorded a deficit of 992.9 USD mn in Feb 2025, compared with a deficit of 992.9 USD mn in the previous month
• Nepal's Trade Balance data is updated monthly, available from Aug 1974 to Feb 2025, with an averaged value of -77.8 USD mn
• The data reached an all-time high of 1.7 USD mn in Aug 1975 and a record low of -1.4 USD bn in Dec 2021

CEIC converts monthly Trade Balance into USD. Nepal Rastra Bank provides Trade Balance in local currency. Nepal Rastra Bank average market exchange rate is used for currency conversions. Trade Balance prior to Aug 2003 is sourced from the International Monetary Fund.

Further information about Nepal's Trade Balance

• In the latest reports, Nepal's Total Exports reached 204.7 USD mn in Feb 2025, an increase of 28.1% YoY (year-on-year)
• Total Imports recorded 1.2 USD bn in Feb 2025, an increase of 28.1% YoY (year-on-year)

Nepals Devisenreserven:% des BIP belief sich im 2025-02 auf 4.000 %. Dies stellt keine Veränderung im Vergleich zu den vorherigen Zahlen von 4.000 % für 2025-01 dar. Nepals Devisenreserven:% des BIP werden monatlich aktualisiert, mit einem Durchschnitt von 5.000 % von 2003-07 bis 2025-02, mit 260 Beobachtungen. Die Daten erreichten ein Allzeithoch in Höhe von 6.000 % im 2018-07 und ein Rekordtief in Höhe von 3.000 % im 2022-08. Nepals Devisenreserven:% des BIP Daten behalten den Aktiv-Status in CEIC und werden von CEIC Data gemeldet. Die Daten werden unter World Trend Pluss Global Economic Monitor – Table: Reserve Requirement Ratio: Monthly kategorisiert.

Current expenditures on health per capita in current US dollars. Estimates of current health expenditures include healthcare goods and services consumed during each year.

Cadangan Devisa:% dari PDB Nepal dilaporkan sebesar 4.000 % pada 2025-02. Angka ini tetap dibanding sebelumnya yaitu 4.000 % untuk 2025-01. Data Cadangan Devisa:% dari PDB Nepal diperbarui bulanan, dengan rata-rata 5.000 % dari 2003-07 sampai 2025-02, dengan 260 observasi. Data ini mencapai angka tertinggi sebesar 6.000 % pada 2018-07 dan rekor terendah sebesar 3.000 % pada 2022-08. Data Cadangan Devisa:% dari PDB Nepal tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Reserve Requirement Ratio: Monthly.

GDP deflator: linked series (base year varies by country) in Nepal was reported at 207 year in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nepal - GDP deflator: linked series (base year varies by country) - actual values, historical data, forecasts and projections were sourced from the World Bank on January of 2025.

Key information about Nepal Visitor Arrivals

• Nepal Visitor Arrivals dropped 0.6 % in Feb 2025, compared with an increase of 16.4 % in the previous month
• Nepal Visitor Arrivals Growth rate data is updated monthly, available from Jan 1992 to Feb 2025
• The data reached an all-time high of 160,257.1 % in Apr 2021 and a record low of -100.0 % in Apr 2020

CEIC calculates Tourist Arrivals Growth from monthly Tourist Arrivals. The Ministry of Culture, Tourism and Civil Aviation provides Tourist Arrivals. Tourist Arrivals include Same-Day Visitors.

Further information about Nepal Visitor Arrivals

• In the latest reports, Nepal Visitor Arrivals recorded 96,880.0 person in the month of Feb 2025
• Tourism Revenue of Nepal reached 65.6 USD mn in Dec 2022, a decrease of 94.7 % change from the previous year

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Key information about Nepal External Debt

• Nepal External Debt reached 10.5 USD bn in Sep 2024, compared with 10.1 USD bn in the previous quarter.
• Nepal External Debt: USD mn data is updated quarterly, available from Mar 2012 to Sep 2024.
• The data reached an all-time high of 10.5 USD bn in Sep 2024 and a record low of 3.5 USD bn in Mar 2013.

The World Bank provides quarterly External Debt in USD.


Related information about Nepal External Debt

• In the latest reports of Nepal, Current Account recorded a surplus of 833.9 USD mn in Oct 2024.
• Foreign Direct Investment (FDI) increased by 15.9 USD mn in Oct 2024.
• The country's Nominal GDP was reported at 40.8 USD bn in Jul 2022.