Key information about Nepal GDP Per Capita

• Nepal Gross Domestic Product (GDP) per Capita reached 1,399.011 USD in Jul 2023, compared with 1,398.851 USD in Jul 2022.
• Nepal GDP Per Capita data is updated yearly, available from Jul 1960 to Jul 2023, with an average number of 185.594 USD.
• The data reached an all-time high of 1,399.011 USD in Jul 2023 and a record low of 45.088 in Jul 1964.
• CEIC extends history for annual GDP per Capita. The Central Bureau of Statistics provides GDP per Capita in USD, based on SNA 2008. GDP per Capita prior to 2011 is calculated from GDP per Capita, based on SNA 1993. GDP per Capita is in annual frequency, generally ending on July 15th of each year. GDP per Capita prior to 2001 is sourced from the World Bank.

Related information about Nepal GDP Per Capita data

• In the latest reports, Nepal GDP contracted 0.733 % YoY in Dec 2022.
• Nepal Nominal GDP reached 40.828 USD bn in Jul 2022.
• Its GDP deflator (implicit price deflator) increased 9.145 % in Jul 2023.
• Gross Savings Rate of Nepal was measured at 31.410 % in Jul 2023.

The Gross Domestic Product per capita in Nepal was last recorded at 1179.81 US dollars in 2024. 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.

The Gross Domestic Product per capita in Nepal was last recorded at 5046.82 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nepal, when adjusted by Purchasing Power Parity is equivalent to 28 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.

The gross domestic product (GDP) in current prices in Nepal was estimated at about 43.42 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 41.16 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 28.36 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are 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.

Nepal recorded a Government Debt to GDP of 42.60 percent of the country's Gross Domestic Product in 2024. This dataset provides - Nepal Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

19 of the 20 countries with the lowest estimated GDP per capita in the world in 2024 are located in Sub-Saharan Africa. South Sudan is believed to have a GDP per capita of just 351.02 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.

In 2024, India’s real gross domestic product (GDP) growth rate was around **** percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately **** percent that year, but it was forecasted to increase to **** percent in 2026.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 *** 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.

Key information about Nepal Total Loans

• Nepal Total Loans was reported at 34.436 USD bn in Jul 2024
• This records a decrease from the previous number of 34.594 USD bn for Jun 2024
• Nepal Total Loans data is updated monthly, averaging 7.934 USD bn from Jan 2001 to Jul 2024, with 283 observations
• The data reached an all-time high of 34.890 USD bn in Jan 2022 and a record low of 1.767 USD bn in Feb 2001
• Nepal Total Loans 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: Total Loans: USD: Monthly

CEIC converts monthly Total Loans into USD. Nepal Rastra Bank provides Total Loans in local currency. Nepal Rastra Bank period end market exchange rate is used for currency conversions. Total Loans cover lenders as Commercial Banks.

Abstract

After the accomplishment of the Nepal Living Standards Survey, 1995/96, the Central Bureau of Statistics has given importance to the follow up surveys relating to household consumption. Two basic reasons stand behind such a policy. The first is to understand the behavior on consumption, facilitating the assessment of poverty levels. The second reason is to support the estimation of national aggregates of consumption required for the national accounting. It is on that line this consumption survey for rural Nepal has been attempted solely on the Government resources. Sustaining foreign aid supported projects in the long run through capacity building is the aim behind such follow up surveys.

The survey was planned in January 2000 and was launched in the later part of the same year. Hopefully, the survey results will provide some ways of linking the gap likely to emerge from the earlier and the next round of the Nepal Living Standards Survey now in the initial preparatory phase and scheduled for 2002/03. The survey followed the similar methodology as used in the Nepal Labour Force Survey, 1998/99. As a follow up survey, the sample size has been kept at a moderately low level of 1,968 households. The 1991 Population Census of Nepal was used as a frame for sampling. The sampling was done in such a way that the results are valid nationally for the rural areas.

The basic objectives of this survey were 1. To determine the pattern of household consumption and expenditure on food, non-food, housing, durable goods and own account production of goods and services for rural Nepal, and 2. To provide information required in the estimation of National Accounts aggregates.

Content of the survey 1. General information, 2. Housing expenditures, 3. Food expenditures (including home production), 4. Non-food expenditures and inventory of durable goods, 5. Non-food expenditures (own account production of goods and services), and 6. Income

Geographic coverage

Rural areas of Nepal Region Ecological belt

Analysis unit

Household

Universe

The survey covered the whole rural areas of the country and no geographical areas were excluded. All usual residents of rural Nepal were considered eligible for inclusion in the survey but households of diplomatic missions were excluded. As is normal in household surveys, homeless and those people living for six months or more away from the household or in institutions such as school hostels, police barracks, army camps and hospitals were also excluded.

Kind of data

Sample survey data [ssd]

Sampling procedure

Sample Design The aim of the HCSRN is to determine the consumption pattern of rural households of the country. This is not a baseline survey but is among the first in attempting to set the trend in consumption pattern of rural households with respect to time. It is envisaged that this type of small surveys are done in between the big surveys conducted specifically to measure the level of poverty in the country.

A two-stage sample selection procedure was adopted in the survey. The Primary Sampling Unit (PSU) consisted of a ward or in some cases a sub-ward or an amalgamation of small wards. PSUs were selected with Probability Proportional to Size (PPS) sampling, with the number of households available from the 1991 Population Census as a measure of size. Within the selected PSU, all households were listed in the field and 12 households were selected by systematic sampling with random start. Using PPS sampling at the first stage, 165 PSUs were selected and in the second stage, using systematic sampling 12 households were selected from each PSU. In the process, a total of 1980 households were selected from the rural areas of the country.

Sampling Frame The 1991 Population Census of Nepal provided a base for building a sampling frame for the survey. The frame consisted of the list of wards along with the census count of the number of households in each ward. Because of the increase in the number of urban areas (municipalities) and the decrease of rural wards after the 1991 Population Census, the frame required certain modifications. The 33 municipalities at the time of census had been increased to a total of 58 municipalities. All rural wards converted into urban areas had to be removed from the earlier frame. In a number of cases new municipalities were created by combining together a large number of what were formerly wards in rural VDCs. Hence, the rural areas had a number of wards reduced from their earlier list. Fortunately, an exercise in modifying the rural frame had been already done for the purpose the last Nepal Labour Force Survey, 1998/99. Therefore, the same modified sampling frame of the NLFS was found most appropriate to be used for this survey as well.

Sample Size The sample size was determined on the basis of experiences gained from the previous surveys notably the NLSS and NLFS and the resources available for the survey. The survey obviously had to fix its sample size according to what the available resource could afford to accomplish. The sample size was fixed at 1,980 households.

Since the final "take" was to be 12 households per PSU, it was essential that a selected PSU contained a multiple of 12 households.

Mode of data collection

Face-to-face [f2f]

Research instrument

The Household Survey Section of CBS developed an initial questionnaire of HCSRN on the basis of the questionnaires used in the NLSS and the Multi-Purpose Household Budget Survey (conducted by the Nepal Rastra Bank). The draft questionnaire was subsequently modified through experience gained from pre-tests. The pre-test was carried out in the rural areas of 12 districts.

Household Questionnaire

The questionnaire contained six sections. The contents of the questionnaire are as follows:

Section 1. General Information
The main purposes of this section were: (i) to identify the member of household, (ii) to provide basic demographic information such as sex, age and marital status, and (iii) to collect information on literacy.

Section 2. Housing
This section collected information on household's expenditure on housing, utilities and amenities (ownership, rent and expenditure on water, electricity, telephone, cooking fuels, etc.)

Section 3. Food Expenses and Home Production
This section collected information on food expenditure of the household including consumption of food items that the household produced.

Section 4. Non-food Expenditures and Inventory of Durable Goods This section collected information on expenditure on non-food items (fuels, clothing and personal care, etc.)

Section 5. Non-food Expenditures (Own Account Production of Goods and Services) This section collected information on own account production of goods and services (which included making of baskets, fetching water and collecting firewood, etc.)

Section 6. Income
This section collected information on income from different sources as well as information on loans and savings.

Cleaning operations

Completed questionnaires from the field were brought to the central office (Kathmandu) for data editing. For quality control, range and consistency checks as well as scrutiny were performed during the data entry period.

Response rate

In one of the PSUs selected for the survey, enumeration work could not be carried due to unavoidable reasons. The total number of households successfully interviewed was, thus, reduced to 1,968 among 1,980. The response rate of this survey is hence 99.4%.

Sampling error estimates

The sampling errors of key aggregates measured in this survey are provided in the Technical Documents. These sampling errors are calculated by means of the STATA 5.0 package that was used for processing this survey result. Sample design and sample size are the main factors that influence the size of the sampling error. In the case of total per capita consumption in rural Nepal, which is Rs.11, 928, the 95 percent lower and upper bounds for the estimate, are Rs.11, 605 and Rs.12, 251 respectively. This means that we are 95 percent confident that the average per capita consumption of rural part of Nepal lies within this range.