Nepal GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Nepal expanded 3.65 percent in 2013 from the previous year. GDP Annual Growth Rate in Nepal is reported by the Central Bureau of Statistics, Nepal. From 1994 until 2013, Nepal GDP Annual Growth Rate averaged 4.4 Percent reaching an all time high of 8.6 Percent in June of 1994 and a record low of 0.1 Percent in June of 2002. 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.65 4.85 8.60 0.10 3.65 | 2013/12 1994 - 2013 Percent Yearly

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Nepal GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 19.42 2012-12-31 18.98 19.42 0.50 21.79 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 3.65 2013-06-30 4.85 8.60 0.10 3.65 2013-12-31 Percent [+]
GDP per capita 399.70 2012-12-31 386.47 399.70 177.77 418.27 2014-06-30 USD [+]
GDP per capita PPP 1279.28 2012-12-31 1236.95 1279.28 592.54 1338.72 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Nepal Inflation Rate at 9.72 Percent  
The inflation rate in Nepal was recorded at 9.72 percent in January of 2014. Inflation Rate in Nepal is reported by the Nepal Rastra Bank.
Nepal Interest Rate at 8.00 Percent  
The benchmark interest rate in Nepal was last recorded at 8 percent. Interest Rate in Nepal is reported by the Nepal Rastra Bank.
Nepal Sales Tax Rate | VAT at 13.00 Percent  
The Sales Tax Rate in Nepal stands at 13 percent. Sales Tax Rate in Nepal is reported by the Inland Revenue Department.
Nepal Current Account at 937.80 USD Million  
Nepal recorded a Current Account surplus of 937.80 USD Million in 2012. Current Account in Nepal is reported by the Nepal Rastra Bank.
Nepal Balance of Trade at -41668.30 Million NPR  
Nepal recorded a trade deficit of 41668.30 Million NPR in September of 2013. Balance of Trade in Nepal is reported by the Nepal Rastra Bank.
Nepal Government Debt To GDP at 31.60 Percent  
Nepal recorded a Government Debt to GDP of 31.6 percent of the countrys Gross Domestic Product in the fiscal year 2012-13. Government Debt To GDP in Nepal is reported by the Nepal Rastra Bank.
Nepal Current Account to GDP at 3.40 Percent  
Nepal recorded a Current Account surplus of 3.4 percent of the countrys Gross Domestic Product in the fiscal year 2012-13. Current Account to GDP in Nepal is reported by the Nepal Rastra Bank.
Nepal Government Budget at -1.90 Percent of GDP  
Nepal recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2012/13 fiscal year. Government Budget in Nepal is reported by the Nepal Rastra Bank.
Nepal Exports at 7908.70 Million NPR  
Exports in Nepal increased to 7908.70 Million NPR in September of 2013 from 7569.40 Million NPR in August of 2013. Exports in Nepal is reported by the Nepal Rastra Bank.
Nepal Imports at 49577.00 Million NPR  
Imports in Nepal decreased to 49577 Million NPR in September of 2013 from 52659.40 Million NPR in August of 2013. Imports in Nepal is reported by the Nepal Rastra Bank.
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