Nepal Real GDP Growth
Key information about Nepal Real GDP Growth
- The Gross Domestic Product (GDP) in Nepal expanded 0.7 % YoY in Dec 2023, following a negative growth of 1.1 % in the previous quarter.
- Real GDP Growth YoY data in Nepal is updated quarterly, available from Dec 2004 to Dec 2023, with an average rate of 1.2 %.
- The data reached an all-time high of 16.2 % in Sep 2020 and a record low of -11.2 % in Jun 2020.
Related information about Nepal Real GDP Growth
- In the latest reports, Nominal GDP of Nepal reached 40.8 USD bn in Jul 2022.
- Its GDP deflator (implicit price deflator) increased 9.1 % in Jul 2023.
- GDP Per Capita in Nepal reached 1,399.0 USD in Jul 2023.
- Its Gross Savings Rate was measured at 31.4 % in Jul 2023.
- For Nominal GDP contributions, Investment accounted for 32.6 % in Jul 2023.
- Public Consumption accounted for 5.4 % in Jul 2023.
- Private Consumption accounted for 88.2 % in Jul 2023.
View Nepal's Real GDP Growth from Dec 2004 to Dec 2023 in the chart:
What was Nepal's Real GDP Growth in Dec 2023?
The Gross Domestic Product (GDP) in Nepal expanded 0.7 % YoY in Dec 2023, following a negative growth of 1.1 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
0.7 Dec 2023 | -1.1 Sep 2023 | -11.2 Jun 2020 | 16.2 Sep 2020 | % | quarterly | Dec 2004 - Dec 2023 |
Real GDP Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Algeria (%) | 3.0 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
Azerbaijan (%) | 1.1 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Bahrain (%) | 3.9 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Ghana (%) | 0.5 Sep 2023 | quarterly | Jun 2006 - Sep 2023 |
Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Kosovo (%) | 4.0 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Kuwait (%) | 0.3 Sep 2023 | quarterly | Jun 2010 - Sep 2023 |
Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Lebanon (%) | -25.9 2020 | yearly | 2005 - 2020 |
Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malta (%) | 4.3 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Montenegro (%) | 4.3 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 3.5 2022 | yearly | 2011 - 2022 |
Nepal (%) | 0.7 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
Palestinian Territory (%) | -29.3 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | 1.0 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Slovenia (%) | 2.6 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -10.0 2018 | yearly | 2012 - 2018 |
Consolidated Fiscal Balance (USD mn) | -236.645 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
Tax Revenue (USD mn) | 1,888.894 Jun 2018 | quarterly | Sep 1997 - Jun 2018 |
Tax Revenue: % of GDP (%) | 19.1 2018 | yearly | 2001 - 2018 |
National Government Debt (USD mn) | 9,555.9 2019 | yearly | 1990 - 2019 |
Government Debt: % of GDP (%) | 27.2 2019 | yearly | 1990 - 2019 |
Forecast: Government Expenditure (NPR bn) | 2,379.830 2028 | yearly | 2000 - 2028 |
Forecast: Government Net Debt (NPR bn) | 4,546.540 2028 | yearly | 2000 - 2028 |
Forecast: Government Revenue (NPR bn) | 2,119.540 2028 | yearly | 2000 - 2028 |
Government Domestic Debt: Annual: Bonds & Treasury Bills (NPR mn) | 1,125,188.232 2023 | yearly | 1986 - 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 0.000 | yearly | - |
Trade Balance (USD mn) | -893.2 Mar 2024 | monthly | Aug 1974 - Mar 2024 |
Total Exports (USD mn) | 103.9 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Total Exports Growth (%) | 21.3 Mar 2024 | monthly | Aug 2004 - Mar 2024 |
Aluminum: Exports (USD th) | 607.627 2022 | yearly | 1999 - 2022 |
Exports: Medicament (USD th) | 8,273.612 2022 | yearly | 1998 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 1,177.188 2022 | yearly | 1996 - 2022 |
Total Imports (USD mn) | 997.1 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Total Imports Growth (%) | -5.0 Mar 2024 | monthly | Aug 2004 - Mar 2024 |
Imports: Medicament (USD th) | 190,021.631 2022 | yearly | 1998 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 126,408.315 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 8.935 Dec 2023 | monthly | Sep 1983 - Dec 2023 |
Total Imports from USA (USD mn) | 12.589 Dec 2023 | monthly | Jan 1981 - Dec 2023 |
Total Exports to China (USD mn) | 0.718 Mar 2024 | monthly | Apr 2013 - Mar 2024 |
Total Imports from China (USD mn) | 164.198 Mar 2024 | monthly | Apr 2013 - Mar 2024 |
Exports: fob: Custom Basis (NPR mn) | 13,786.533 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Exports: fob: Custom Basis: Other Countries (NPR mn) | 3,901.226 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Imports: cif: Custom Basis (NPR mn) | 132,278.800 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Trade Balance: Custom Basis (NPR mn) | -118,492.268 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Imports: cif: Custom Basis: India (NPR mn) | 83,418.887 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Imports: cif: Custom Basis: Other Countries (NPR mn) | 27,076.669 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Exports: fob: Custom Basis: India (NPR mn) | 9,789.992 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Exports: fob: Custom Basis: China (NPR mn) | 95.315 Mar 2024 | monthly | Apr 2013 - Mar 2024 |
Imports: cif: Custom Basis: China (NPR mn) | 21,783.245 Mar 2024 | monthly | Apr 2013 - Mar 2024 |
Exports: Chemicals (NPR mn) | 660.089 Oct 2023 | monthly | Aug 2003 - Oct 2023 |
Exports: Manufactured Goods Classified by Materials (NPR mn) | 7,594.678 Oct 2023 | monthly | Aug 2003 - Oct 2023 |
Exports: Crude Materials Inedible: Except Fuel (NPR mn) | 443.513 Oct 2023 | monthly | Aug 2003 - Oct 2023 |
Exports: Miscellaneous Manufactures Articles (NPR mn) | 1,747.081 Oct 2023 | monthly | Aug 2003 - Oct 2023 |
Exports: Food & Live Animals (NPR mn) | 3,109.829 Oct 2023 | monthly | Aug 2003 - Oct 2023 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Current Account Balance (USD mn) | 769.7 Jan 2024 | quarterly | Oct 2000 - Jan 2024 |
Current Account Balance: % of GDP (%) | -1.3 2023 | yearly | 2001 - 2023 |
Foreign Direct Investment (USD mn) | 8.7 Jan 2024 | quarterly | Oct 2000 - Jan 2024 |
Foreign Direct Investment: % of GDP (%) | 0.1 2023 | yearly | 2001 - 2023 |
External Debt (USD mn) | 9,585.8 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
External Debt: % of GDP (%) | 17.3 2016 | yearly | 2001 - 2016 |
External Debt: Short Term (USD mn) | 335.0 2021 | yearly | 1977 - 2021 |
Forecast: Current Account Balance (USD bn) | -2.490 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD mn) | -2,408.328 Jun 2022 | quarterly | Dec 2012 - Jun 2022 |
NP: BoP: Financial Account: Portfolio Investment (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
NP: BoP: Financial Account: Portfolio Investment: Liabilities (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
NP: BoP: Financial Account: Portfolio Investment: Assets (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
BoP: Financial Account (NPR mn) | 30,091.130 Jan 2024 | quarterly | Oct 2000 - Jan 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 2.5 2015 | yearly | 2003 - 2015 |
Non-Performing Loans (USD mn) | 267.883 2015 | yearly | 2003 - 2015 |
Money Supply M1 (USD mn) | 7,188.293 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Money Supply M2 (USD mn) | 50,137.735 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
M2 Growth (%) | 14.0 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Reserve Requirement Ratio (%) | 4.0 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 12,413.6 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Foreign Exchange Reserves: % of GDP (%) | 4.000 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 12.4 Mar 2024 | monthly | Aug 2003 - Mar 2024 |
Gold Reserves (USD mn) | 558.700 Mar 2024 | monthly | Jul 1957 - Mar 2024 |
Total Deposits (USD mn) | 41,220.521 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Total Deposits Growth (%) | 15.0 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Domestic Credit (USD mn) | 48,516.8 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Domestic Credit Growth (%) | 8.4 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Total Loans (USD mn) | 33,433.078 Oct 2023 | monthly | Jan 2001 - Oct 2023 |
Total Loans Growth (%) | 5.54 Oct 2023 | monthly | Jan 2002 - Oct 2023 |
Private Debt: % of Nominal GDP (%) | 74.47 2023 | yearly | 2003 - 2023 |
Monetary Survey: Domestic Credits (DO) (NPR mn) | 6,425,570.514 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Monetary Survey: Narrow Money M1 (NPR mn) | 952,017.470 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Monetary Survey: Broad Money M2 (NPR mn) | 6,640,241.582 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Foreign Reserve (USD mn) | 13,184.954 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Commercial Banks: Deposits exclude Interbank (NPR mn) | 5,459,245.828 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Commercial Banks: Loans & Advances (NPR mn) | 1,945,068.90 Jan 2018 | monthly | Jan 2001 - Jan 2018 |
CB: NPL (NPR mn) | 27,174.060 2015 | yearly | 2003 - 2015 |
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