Economy of Nepal
Population: 28.09 M (2018)
GDP per Capita: 1,034 USD (2018)
29,040 M.

GDP USD

(2018)

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2,590 M.

EXPORTS USD

(2018)

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13,440 M.

IMPORTS USD

(2018)

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30.30 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.66 % (2018)
GDP of 2010 USD USD 23.00 B. (2018)
GDP Current USD USD 29.04 B. (2018)
GDP per Capita Current USD USD 1,034 (2018)
GDP per capita, PPP USD 2,741 (2018)
GDP per Capita, 2010 USD USD 817 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 11.69 % (2018)
Government Spending USD 3.39 B. (2018)
Government Debt % GDP 30.30 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 76.90 (2018)
Trade Openness 55.23 % (2018)
Exports of Goods and Services % GDP 8.93 % (2018)
Exports Goods & Services USD 2.59 B. (2018)
Exports Annual Growth 7.78 % (2018)
Imports as % GDP 46.30 % (2018)
Total Imports USD 13.44 B. (2018)
Foreign Direct Investment % GDP 0.23 % (2018)
Foreign Direct Investment USD 0.16 B. (2018)
Current Account Balance % GDP USD -9.55 % (2018)
Current Account Balance USD -2.77 B. (2018)
Trade Balance % GDP -37.36 % (2018)
Trade Balance USD -11.97 B. (2018)
Foreign Exchange Reserves incl Gold USD 8.34 B. (2018)
Remittances % GDP 27.77 % (2018)
Remittances USD 7,886 M. (2018)
Balance of Payments USD 975 M. (2018)

Labor Market

Indicator Value
Labor Force 16.71 M. (2019)
Unemployment Rate 1.25 % (2019)
Unemployment Rate Females 1.21 % (2019)
Unemployment Rate Males 1.65 % (2019)
Youth Unemployment (ages 15-24) 2.13 % (2019)
Labor Force Participation Rate 82.94 % (2019)
Labor Force (Percent Female) 55.73 % (2019)
Female Labor Force Participation Rate 81.68 % (2019)
Male Labor Force Participation Rate 84.33 % (2019)
Dependent People 56.60 % (2018)

Agriculture Sector

Indicator Value
Forest Area 25.40 % (2016)
Forest Area km² 36,360 km² (2016)
Agricultural Land 28.75 % (2016)
Agricultural Land km² 41,210 km² (2016)
Employment 69.78 % (2019)
Value added % GDP 25.29 % (2018)
Agriculture Value added USD 7.35 B. (2018)
Crop Production Index 139.40 (2016)
Precipitation 1,500 mm (2014)
Arable Land 15 % (2016)
Cereal Yield 2,796 kg/hectare (2017)
Food production index 138 (2016)
Rural Population 80 % (2018)
Fertilizer use of Arable Land 74 kg/hectare (2016)
Livestock Production Index 142 (2016)
Economy of Nepal

According to the World Bank and its latest published data, the economy of the Nepal presents a growth rate of 6.66 % (2018) to the previous year.

With a population that reaches 28.09 M (2018) and a gross domestic product of USD 29.04 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,034 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Nepal also has a workforce of 16.71 M. (2019) with an unemployment rate of 1.25 % (2019), where women represent 1.21 % (2019) and men 1.65 % (2019), the unemployment rate for young people between 15-24 years old stood at 2.13 % (2019). The total number of dependent people stands at 56.60 % (2018).

The central government spent 11.69 % (2018) of its gross domestic product that year, which in absolute terms is USD 3.39 B. (2018). Its consolidated public debt reached 30.30 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Nepal exported USD 2.59 B. (2018), which represents 8.93 % (2018) of its gross domestic product, in that same sense its imports reached USD 13.44 B. (2018) with a direct foreign investment of USD 0.16 B. (2018).

Nepal has a forest area of 36,360 km² (2016), which represents 25.40 % (2016) of its total area, an average rainfall of 1,500 mm (2014) per year and a population of 80 % (2018) living in rural areas. With a total area of 41,210 km² (2016) available for agriculture and 69.78 % (2019) of its employments, the agricultural sector contributes to the economy of the Nepal about USD 7.35 B. (2018) (25.29 % (2018) of its GDP).