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Indicators of economy in Nepal

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Nepal reached 1.155 US dollars per inhabitant, or 33.66 bn US Dollar in the whole country. Nepal is therefore currently ranked 97 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Nepal is in the list of the world's richest countries in place 154.

Inflation in Nepal was in 2021 at around 4.09%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 71.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Nepal

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Nepal in 2020 decreased moderatly from 34.19 billion US Dollar to 33.66 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.5% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 70 percent. The unemployment rate rose from 3.1 to 4.7 percent. The inflation rate has fallen from 5.6 percent previously to 5.1 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Nepal
Total
Nepal
per capita
EU
Total
EU
per capita
GDP33.66 bn USD1,155.14 USD15,291.93 tn USD29,692.11 USD
Gross national product34.73 bn USD1,191.88 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2021

 Nepal
Total
Nepal
per capita
EU
Total
EU
per capita
Imports10.69 bn USD367.04 USD7,340.01 bn USD14,251.98 USD
Exports1.77 bn USD60.79 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1976 - 2021

Exports
Imports



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