The Gross Domestic Product (GDP) in Nepal expanded 7.10 percent in 2018 from the previous year. GDP Annual Growth Rate in Nepal averaged 4.61 percent from 1993 until 2018, reaching an all time high of 8.60 percent in 1993 and a record low of 0.10 percent in 2001.

GDP Annual Growth Rate in Nepal is expected to be 6.00 percent by the end of this quarter, 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 6.40 percent in 2020, according to our econometric models.

Nepal GDP Annual Growth Rate
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Nepal GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 7.10 6.70 8.60 0.10 percent [+]
GDP 28.81 24.88 28.81 0.50 USD Billion [+]
GDP per capita 812.20 776.90 812.20 266.00 USD [+]
GDP per capita PPP 2724.00 2605.50 2724.00 1188.10 USD [+]
Gross Fixed Capital Formation 317265.00 277577.00 317265.00 84751.00 NPR Million [+]
GDP Constant Prices 950033.00 887455.00 950033.00 442048.99 Million Rupees [+]
GDP From Agriculture 267458.00 254673.10 267458.00 158416.88 NPR Million [+]
GDP From Construction 55121.00 50595.00 55121.00 27225.05 NPR Million [+]
GDP From Manufacturing 56018.00 52957.00 56018.00 36364.03 NPR Million [+]
GDP From Mining 4261.00 3892.00 4261.00 1976.74 NPR Million [+]
GDP From Public Administration 16763.00 15880.00 16763.00 7236.53 NPR Million [+]
GDP From Services 131079.00 118204.00 131079.00 61837.00 NPR Million [+]
GDP From Transport 90039.00 85019.00 90039.00 34055.00 NPR Million [+]
GDP From Utilities 21065.00 18741.00 21065.00 8630.85 NPR Million [+]


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. This page provides - Nepal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nepal GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.10 6.70 8.60 0.10 1993 - 2018 percent Yearly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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