Nepal GDP: Real Estate Activities data was reported at 420,491.915 NPR mn in 2024. This records an increase from the previous number of 390,560.772 NPR mn for 2023. Nepal GDP: Real Estate Activities data is updated yearly, averaging 254,243.501 NPR mn from Jul 2011 (Median) to 2024, with 14 observations. The data reached an all-time high of 420,491.915 NPR mn in 2024 and a record low of 143,469.639 NPR mn in 2011. Nepal GDP: Real Estate Activities data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Nepal – Table NP.A003: SNA08: GDP: by Industry: Current Price.

Abstract

The Central Bureau of Statistics (CBS) has conducted the third census of real estate business in 2019, following previous surveys in 2003/04 and 2013. The census was carried out by the Trade Statistics Section of the bureau, which is involved in collecting data on social, economic, and environmental statistics, including trade in services and business surveys.

The main objective of the real estate census was to collect information on macroeconomic indicators such as output, intermediate consumption, compensation of employees, change in inventories, number of employees, and capital formation. The results of the census provide important data for estimating gross domestic product (GDP) and other macroeconomic indicators, and contribute to the strengthening of the national statistical system.

The report is based on data collected from 210 real estate establishments, although the National Economic Census in 2018 had shown 207 establishments in the country. The total compensation of employees received by the employers for work done in real estate establishments during the accounting year 2018/19 was estimated to be NRs. 1.2 billion with Bagmati province accounting for the highest portion at 96% of total salaries and wages.

The census also revealed the structure of input and output in the real estate sector. The intermediate consumption in the main activities of real estate was estimated at NRs. 5.27 billion which was used to produce output worth NRs. 9.8 billion. Bagmati province had the highest share of 44% in output compared to other provinces during the census year.

The value added generated from real estate establishments was estimated to be NRs. 4,561,658 thousands, with a ratio of input to output of 0.53, indicating that input generates 1.86 times the output in the real estate sector. This suggests that the real estate sector generates higher profits compared to other sectors of the economy, and entrepreneurs should consider investing a significant amount at the initial stage of their business.

According to the national accounts estimate of CBS for the fiscal year 2018/19, the value added generated from the real estate sector was NRs. 295.7 billion with output of NRs. 406.8 billion and intermediate consumption of NRs. 111 billion. This data provides interesting macroeconomic indicators, including a value added of NRs. 18.9 million per establishment, output of NRs. 40.8 million thousand per real estate establishment, and 5.11 persons engaged per establishment.

Geographic coverage

National level, Provincial level.

Analysis unit

Establishment

Universe

All the real estate establishment of Nepal.

Kind of data

Census/enumeration data [cen]

Sampling deviation

According to NEC, 2018 there were 207 registered real estate establishments in Nepal. During the field work, data from 210 real estate establishments were collected. The census of real estate business (CERB), 2019 could not collect data from any units of establishments from the Madhesh province and Karnali province due to Covid-19 pandemic lockdown. Therefore, the number of establishments for Madhesh and Karnali province were extracted in accordance with NEC,2018. As a result, CERB,2019 has altogether 241 real estate establishments for its purpose.

Mode of data collection

Face-to-face [f2f]

Research instrument

Structure of questionnaire The questionnaires were structured according to the international recommendation of questionnaire in economic statistics. Some questionnaires were added to capture the present situation of the business. The comments and suggestions were also collected to fulfill the requirement of policymakers and researchers so that immediate action can be imposed. The questionnaire was designed to fulfill the requirement of national accounts statistics. There are ten important blocks in questionnaire such as first block is introduction which is obvious in any questionnaire. The details information of employee, compensation of employees, expenses, income, capital formation and stock etc are also collected for national accounts estimate. The census of real estate, 2019 collected the following information: 1. Introduction 2. Legal status 3. Business status 4. Main activities 5. Employment status 6. Salaries and wages 7. Expenditure or intermediate consumption 8. Income 9. Other income 10. Financial intermediate 11. Tax paid 12. Stocks 13. Financial intermediate 14. Capital Formation 15. Comments and suggestions

Cleaning operations

The data were collected in the hard paper and collected in the cetral office. All the filled up questionnaire were entered in the CS Pro program. Then the data were exported in SPSS program for cleaning and editing.

Nepal GDP: Finance & Real Estate data was reported at 51,769.000 NPR mn in 2004. This records an increase from the previous number of 47,719.000 NPR mn for 2003. Nepal GDP: Finance & Real Estate data is updated yearly, averaging 19,327.500 NPR mn from Jul 1985 (Median) to 2004, with 20 observations. The data reached an all-time high of 51,769.000 NPR mn in 2004 and a record low of 3,987.118 NPR mn in 1985. Nepal GDP: Finance & Real Estate data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Nepal – Table NP.A008: SNA68: GDP by Industry: Current Price.