Nepal: Economy
|
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 |
|
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. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2017): India, China, and United Arab Emirates |
| Top Industries Source: CIA World Factbook | Tourism; Carpets; Textiles; Small Rice |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $116,751,562,682 (2020) |
| GDP Growth Rate (annual %) | -2.088% (2020) |
| GDP Per Capita, PPP (current international) | $4,007 (2020) |
GDP Country Rank 84/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 5.052% (2020) |
| External debt stocks, total (DOD, current US$) | $7,904,918,393 (2020) |
| Total tax rate (% of commercial profits) | 41.8% (2019) |
| Real Interest Rate (5 year average %) | -2.537% (2011) |
| Manufacturing, value added (% of GDP) | 4.441% (2020) |
| Current Account Balance (BoP, current US$) | ($84,136,988) (2020) |
Labor and Employment [1]
| Labor Force, Total | 16,017,418 (2020) |
| Employment in Agriculture (% of total employment) | 64.537% (2020) |
| Employment in Industry (% of total employment) | 15.312% (2020) |
| Employment in Services (% of total employment) | 20.152% (2020) |
| Unemployment Rate | 4.44% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $11,405,416,672 (2020) |
| Exports of goods and services (current US$) | $2,275,257,409 (2020) |
| Total Merchandise Trade (% of GDP) | 31.827% (2020) |
| FDI, net inflows (BoP, current US$) | $185,563,266 (2019) |
| Commercial Service Exports (current US$) | $806,752,077 (2020) |
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.