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 averaged 4.34 Percent from 1994 until 2013, reaching an all time high of 8.60 Percent in 1994 and a record low of 0.16 Percent in 2002. GDP Annual Growth Rate in Nepal is reported by the Central Bureau of Statistics, Nepal.
||1994 - 2013
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.