The Gross Domestic Product (GDP) in Nepal expanded 2.30 percent in 2019 from the previous year.

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. 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 October of 2020.

GDP Annual Growth Rate in Nepal is expected to reach -6.00 percent by the end of 2020, 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 3.50 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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Nepal GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 7.00 8.60 0.10 1993 - 2019 percent Yearly

Nepal GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.30 7.00 8.60 0.10 percent [+]
GDP 30.64 29.17 30.64 0.50 USD Billion [+]
GDP per capita 859.00 817.80 859.00 266.00 USD [+]
GDP per capita PPP 3416.80 3252.70 3416.80 1409.10 USD [+]
Gross Fixed Capital Formation 247495.00 291393.00 291393.00 84751.00 NPR Million [+]
GDP Constant Prices 971500.00 949886.00 971500.00 442048.99 Million Rupees [+]
GDP From Agriculture 274188.00 267540.00 274188.00 158416.88 NPR Million [+]
GDP From Construction 54499.00 54669.00 54669.00 27225.05 NPR Million [+]
GDP From Manufacturing 55288.00 56570.00 56570.00 36364.03 NPR Million [+]
GDP From Mining 4210.00 4239.00 4239.00 1976.74 NPR Million [+]
GDP From Public Administration 17918.00 16760.00 17918.00 7236.53 NPR Million [+]
GDP From Services 134385.00 131609.00 134385.00 61837.00 NPR Million [+]
GDP From Transport 87841.00 90045.00 90045.00 34055.00 NPR Million [+]
GDP From Utilities 26295.00 20424.00 26295.00 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.