Nepal's Macroeconomic Analysis:
Nominal GDP of USD 38.6 billion in 2022.
Nominal GDP of USD 38.6 billion in 2022.
GDP per capita of USD 1,264 compared to the global average of USD 10,589.
GDP per capita of USD 1,264 compared to the global average of USD 10,589.
Average real GDP growth of 4.3% over the last decade.
Average real GDP growth of 4.3% over the last decade.
Main Economic Indicators
Economic growthThe economy recorded average annual growth of 4.3% in the decade to 2023. To read more about GDP growth in Nepal, go to our dedicated page.
Fiscal policy
Nepal's fiscal deficit averaged 1.9% of GDP in the decade to 2023. Find out more on our dedicated page.
Inflation
Inflation averaged 6.5% in the decade to 2023. Go to our Nepal inflation page for extra insight.
Monetary Policy
Nepal's monetary policy rate ended 2024 at 6.50%, down from 7.00% a decade earlier. See our Nepal monetary policy page for additional details.
Exchange Rate
From end-2014 to end-2024 the rupee weakened by 26.2% vs the U.S. dollar. For more info on the rupee, click here.
Nepal Economic Forecasts
Projections out to 2034.33 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 3 expert analysts.
Want to get insight on the economic outlook for Nepal in the coming years? FocusEconomics collects projections out to 2034 on 33 economic indicators for Nepal from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Nepal economy. To download a sample report on the Nepal's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.