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 (2016): 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) | $78,591,428,304 (2017) |
| GDP Growth Rate (annual %) | 7.499% (2017) |
| GDP Per Capita, PPP (current international) | $2,682 (2017) |
GDP Country Rank 94/195 (2017)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 8.79% (2016) |
| External debt stocks, total (DOD, current US$) | $4,251,270,000 (2016) |
| Total tax rate (% of commercial profits) | 29.6% (2017) |
| Real Interest Rate (5 year average %) | -6.207% (2010) |
| Manufacturing, value added (% of GDP) | 5.216% (2017) |
| Current Account Balance (BoP, current US$) | ($815,328,541) (2017) |
Labor and Employment [1]
| Labor Force, Total | 17,053,278 (2017) |
| Employment in Agriculture (% of total employment) | 71.744% (2017) |
| Employment in Industry (% of total employment) | 8.109% (2017) |
| Employment in Services (% of total employment) | 20.147% (2017) |
| Unemployment Rate | 2.736% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $10,282,289,273 (2017) |
| Exports of goods and services (current US$) | $2,388,027,229 (2017) |
| Total Merchandise Trade (% of GDP) | 45.971% (2017) |
| FDI, net inflows (BoP, current US$) | $196,265,099 (2017) |
| Commercial Service Exports (current US$) | $1,382,902,780 (2017) |
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.