The Gross Domestic Product (GDP) in Nepal expanded 4 percent in the 2020/2021 fiscal year. source: Central Bureau of Statistics, Nepal

GDP Annual Growth Rate in Nepal averaged 4.35 percent from 1993 until 2020, reaching an all time high of 8.60 percent in 1993 and a record low of -2.10 percent in 2019. This page provides - Nepal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nepal GDP Annual Growth Rate - values, historical data and charts - was last updated on December of 2021.

GDP Annual Growth Rate in Nepal is expected to reach 1.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nepal GDP Annual Growth Rate is projected to trend around 2.50 percent in 2022 and 4.50 percent in 2023, according to our econometric models.

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Nepal GDP Annual Growth Rate


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GDP Annual Growth Rate 4.00 -2.10 percent Dec/20
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Nepal GDP Annual Growth Rate
Nepal is one of the least developed countries in the world and relies extensively on foreign aid. The main sector of the economy is agriculture, which employs over 70 percent of the population and accounts for 33 percent of GDP. As Nepal is home to the highest mountains in the world, tourism has been steadily growing in importance and is an important source of revenue. Also, the country has been working on exploiting hydroelectric power. Although Nepalese economy has been steadily growing in recent years, lack of governmental institutions, growing population and remnants of social instability are sources of concern.