Nepal has a huge capacity for hydroelectricity. This article incorporates public domain material from the CIA World Factbook document: "2003 edition". It is an important indicator of the economic strength of a country. Profit from additional features by authenticating your Admin account. (billed annually). GDP PPP based on: 2011 International Dollars. Several multilateral organisations such as the World Bank, the Asian Development Bank, and the UN Development Programme also provide assistance. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Please create an employee account to be able to mark statistics as favorites. (2016 est. NEA Hydro:2290.78 GWh (2014) Tel: 977-1-441-1977 Fax: 977-1-441-1673 Email: RR-NPL@imf.org. Over-population is already straining the "carrying capacity" of the middle hill areas, particularly the Kathmandu Valley, resulting in the depletion of forest cover for crops, fuel, and fodder and contributing to erosion and flooding. ", IMF, Nepal: Gross domestic product (GDP) in current prices from 1984 to 2021 (in billion international dollars) Statista, https://www.statista.com/statistics/422672/gross-domestic-product-gdp-in-nepal/ (last visited October 30, 2020), Nepal: Gross domestic product (GDP) in current prices from 1984 to 2021, Median age of the population in Nepal 2015, Gross domestic product (GDP) in Nepal 2021, Gross domestic product (GDP) per capita in Nepal 2024, Gross domestic product (GDP) growth rate in Nepal 2021, Nepal's share of global gross domestic product (GDP) 2024, Distribution of gross domestic product (GDP) across economic sectors Nepal 2019, National debt of Nepal in relation to gross domestic product (GDP) 2024, Ratio of military expenditure to gross domestic product (GDP) in Nepal 2019, Ratio of government expenditure to gross domestic product (GDP) in Nepal 2024, Budget balance in relation to GDP in Nepal 2021, Cumulative cases of COVID-19 worldwide from January 8 to October 29, 2020, by day, Life expectancy at birth in Nepal 2018, by gender, Gross domestic product (GDP) growth rate in Russia 1st quarter 2020, Gross domestic product (GDP) growth in India 2nd quarter 2020, Real GDP growth rate in Japan Q1 2017-Q1 2020, Forecast of the gross domestic product (GDP) growth in the euro countries 2021, GDP growth in EU countries compared to same quarter previous year 2nd quarter 2020, Gross national product (GNP) growth of Taiwan 2008-2018, Estimated decrease of GDP in Japan due to earthquake and tsunami 2011, GDP growth in the EU and the Euro area compared to the previous quarter Q2 2020, Direct export value of liquid caustic soda Taiwan 2009-2019, Average monthly gasoline retail prices in Hokkaido, Japan 2017-2020, Dongnam Petroleum Industry sales revenue 2012-2016, Domestic demand of precipitated calcium carbonate in Japan 2012-2019, Industry revenue of “Bolts, nuts, rivets, machine screws and wood screws“ in Japan 2012-2024. Publish your articles and forecasts in our website. From 1996 to 1999, real GDP growth averaged less than 4%. ): Electricity - production: 41,083 GWh (2017), Electricity - production by source: All rights reserved. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Download historical data for 20 million indicators using your browser. Progress has been made in exploiting Nepal's natural resources, tourism and hydroelectricity. This feature is limited to our corporate solutions. Modify your profile. (function(){ ), Imports: $1.03 billion f.o.b. It is estimated that the application of the latest standard would add US$824 billion. An isolated, agrarian society until the mid-20th century, Nepal entered the modern era in 1951 without schools, hospitals, roads, telecommunications, electric power, industry, or civil service. 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. It completed its ninth economic development plan in 2002; its currency has been made convertible, and 17 state enterprises have been privatised. * All products require an annual contract; Prices do not include sales tax. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Nepal Coronavirus Deaths at 904.00 Persons, Nepal Coronavirus Cases at 164718.00 Persons, Nepal Changes In Inventories at 320487.00 NPR Million, Nepal Competitiveness Index at 51.57 Points, Nepal Consumer Spending at 717453.00 Million Rupees, Nepal Consumer Price Index Cpi at 137.62 points, Colombia Exports Continue to Drop in September, Canada Government Budget Deficit Widens Sharply in August, Chile Retail Sales Rise the Most in 7 Years, Brazilian Real Hovers at Over 5-Month Lows, Spain Current Account Surplus Falls by Near 300%, US Consumer Sentiment Reamins Strongest Since March, Loonie Rises from 1-Month Low on GDP Data, Mexican Peso Rises from 2-Week Low on Upbeat Data. In the fiscal year 2000–2001, exports posted a greater increase (14%) than imports (4.5%), helping bring the trade deficit down by 4% from the previous year to $749 million. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. GDP of Nepal increased from 5.73 billion US dollars in 2000 to 29.81 billion US dollars in 2019 growing at an average annual rate of 9.34%. s0.parentNode.insertBefore(s1,s0); Nepal has entered into agreements for avoidance of double taxation (all in credit method) with 10 countries (PSRD) since 2000. The GDP value of Nepal represents 0.03 percent of the world economy. Economic development in Nepal has been complicated and affected by the constant change in political scenarios which has ranged from monarchy to being ruled by the Communist party in 2019. [18], Nepal's merchandise trade balance has improved somewhat since 2000 with the growth of the carpet and garment industries. tourism, carpet, textile; small rice, jute, sugar, and oilseed mills; cigarette; cement and brick production. India (purchase):2175.04 GWh (2017) Agriculture remains Nepal's principal economic activity, employing about 65% of the population and providing 31.7% of GDP. Also Show. ], Labor force - by occupation: agriculture 19%, services 69%, industry 12% (2014 est. Nepal's GDP expected to grow by 2.3% in 2020 and 1.5% in 2021 – ADO 2020 Update Nepal's inflation rates forecasted at 6.2% in 2020 and 5.5% in 2021 – ADO 2020 Update GDP growth None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. The lowland Terai region produces an agricultural surplus, part of which supplies the food-deficient hill areas. GDP - composition by sector: nuclear: 0.3% Population pressure on natural resources is increasing. Exports to the EU accounted for 46.13 percent of the country's garment exports.[19]. Jump to navigation Jump to search ... IMF Nominal GDP per capita 2019, ranked 158 out of 187 economies Politics. Most American countries use a national income accounting standard that fails to record the informal economy. GDP refers to the total market value of all goods and services that are produced within a country per year. CSV XML EXCEL. "Nepal: Gross domestic product (GDP) in current prices from 1984 to 2021 (in billion international dollars)." s1.src='https://embed.tawk.to/5e48cae2a89cda5a1886302e/default'; Fruits and vegetables (apples, pears, tomatoes, various salads, peach, nectarine, potatoes), as well as rice and wheat are the main food crops. Nepal Coronavirus Deaths at 904.00 Persons, Nepal Coronavirus Cases at 164718.00 Persons, Nepal Changes In Inventories at 320487.00 NPR Million, Nepal Competitiveness Index at 51.57 Points, Nepal Consumer Spending at 717453.00 Million Rupees, Nepal Consumer Price Index Cpi at 137.62 points, Colombia Exports Continue to Drop in September, Canada Government Budget Deficit Widens Sharply in August, Chile Retail Sales Rise the Most in 7 Years, Brazilian Real Hovers at Over 5-Month Lows, Spain Current Account Surplus Falls by Near 300%, US Consumer Sentiment Reamins Strongest Since March, Loonie Rises from 1-Month Low on GDP Data, Mexican Peso Rises from 2-Week Low on Upbeat Data. )[26][dubious – discuss], GDP - per capita: purchasing power parity (current international $) - $2700 (2017 est.) empowered by Nepal's ratification of ILO Convention 169. Exports: $1.34 billion f.o.b., but does not include unrecorded border trade with India (2017 est. 1 min read November 25, 2019 Real GDP growth of Nepal from 1975 to 2018 1 min read November 23, 2019 Balance of Payment of Nepal from 1974/75 to 2018/19 1 min read November 27, 2019 facts. The Cost of Living Index in Nepal is comparatively lower than many countries but not the least. In, IMF. Personal remittances, received (% of GDP) - Nepal. Only about 20% of the total area is cultivable; another 40.7% is forested (i.e., covered by shrubs, pastureland and forest); most of the rest is mountainous. International rankings of Nepal. Learn more about how Statista can support your business. New, Everything you need to know about the industry development, Find studies from all around the internet. World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates. The Gross Domestic Product (GDP) in Nepal expanded 2.30 percent in 2019 from the previous year. Nepal (IPP):1258.94 GWh (2014), Electricity - consumption: 4,776.53 GWh (2017), Electricity - exports: 856 GWh (2001) Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Then you can access your favorite statistics via the star in the header. * Estimate. Major towns are connected to the capital by telephone and domestic air services. Fruits and vegetables, mostly: apples, pears, tomatoes, peaches, nectarines, potatoes, rice, maize, wheat, sugarcane, root crops, milk, and buffalo meat. Kathmandu is linked to India and nearby hill regions by road and an expanding highway network. Email notification sign-up. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Please contact us to get started with full access to dossiers, forecasts, studies and international data. Real GDP (constant, inflation adjusted) of Nepal reached $21,463,958,187 in 2017. Current Account to GDP in Nepal averaged 1.74 percent from 2000 until 2019, reaching an all time high of 6.20 percent in 2016 and a record low of -8.20 percent in 2018. Recently, the European Union has become the largest buyer of ready-made garments; fruits and vegetables (mostly apples, pears, tomatoes, various salads, peach, nectarine, potatoes, rice) from Nepal. Economic development in Nepal has been complicated and affected by the constant change in political scenarios which has ranged from monarchy to being ruled by the Communist party in 2019. License: CC BY-4.0 Line Bar Map. GDP Annual Growth Rate in Nepal averaged 4.52 percent from 1993 until 2019, reaching an all time high of 8.60 percent in 1993 and a record low of 0.10 percent in 2001. Currently demand for electricity is increasing at 8-10% a year whereas Nepal's option to have agreement with India will make this fulfilment against demand. Post-Pandemic Nepal – Charting a Resilient Recovery, and Future Growth Directions. The Trading Economics Application Programming Interface (API) provides direct access to our data. Agriculture - products: The country has, however, made progress toward sustainable economic growthsince the 1950s and opened the country to econom…

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