Nepal: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Agriculture is the mainstay of the economy, providing a livelihood for three-fourths of the population and accounting for a little over one-third of GDP. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): India, China, and Argentina |
| Top Industries Source: CIA World Factbook | Tourism; Carpets; Textiles; Small Rice |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $126,440,077,055 (2021) |
| GDP Growth Rate (annual %) | 4.247% (2021) |
| GDP Per Capita, PPP (current international) | $4,210 (2021) |
GDP Country Rank 85/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 4.088% (2021) |
| External debt stocks, total (DOD, current US$) | $8,855,972,582 (2021) |
| Total tax rate (% of commercial profits) | 41.8% (2019) |
| Real Interest Rate (5 year average %) | -2.537% (2011) |
| Manufacturing, value added (% of GDP) | 4.666% (2021) |
| Current Account Balance (BoP, current US$) | ($5,362,970,002) (2021) |
Labor and Employment [1]
| Labor Force, Total | 16,883,864 (2021) |
| Employment in Agriculture (% of total employment) | 64.537% (2020) |
| Employment in Industry (% of total employment) | 15.312% (2020) |
| Employment in Services (% of total employment) | 20.152% (2020) |
| Unemployment Rate | 5.052% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $14,008,213,484 (2021) |
| Exports of goods and services (current US$) | $1,890,368,794 (2021) |
| Total Merchandise Trade (% of GDP) | 48.436% (2021) |
| FDI, net inflows (BoP, current US$) | $196,326,024 (2021) |
| Commercial Service Exports (current US$) | $735,726,754 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Nepal’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.