Name: Nepal GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Nepal,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

The Gross Domestic Product (GDP) in Nepal expanded 4.60 percent in the fourth quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Nepal averaged 4.35 percent from 1993 until 2024, reaching an all time high of 9.00 percent in 2016 and a record low of -2.40 percent in 2019. source: Central Bureau of Statistics, Nepal

GDP Annual Growth Rate in Nepal is expected to reach 5.00 percent by the end of 2025, 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 6.20 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	4.60	3.70	percent	Dec 2024
GDP from Agriculture	728442.06	701396.00	NPR Million	Dec 2024
GDP from Construction	164609.88	161047.72	NPR Million	Dec 2024
GDP from Manufacturing	131148.35	126374.45	NPR Million	Dec 2024
GDP from Mining	17906.79	17557.40	NPR Million	Dec 2024
GDP from Public Administration	123109.00	120414.00	NPR Million	Dec 2024
GDP from Services	352823.06	341566.91	NPR Million	Dec 2024
GDP from Transport	155168.94	141770.33	NPR Million	Dec 2024
GDP from Utilities	67900.62	59655.23	NPR Million	Dec 2024
Gross Fixed Capital Formation	787332.00	776069.00	NPR Million	Dec 2024

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.