Indicators of economy in Nepal
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Nepal, on the other hand, reached USD 1,208 per capita, or 36.29 billion USD for the whole country. Nepal is therefore currently ranked 99 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Nepal ranks 153rd in the list of the richest countries.Inflation in Nepal in 2021 was around 4.09%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 71.9 percent lower.
The index for perceived corruption in the public sector is 33, which is below average by global standards.
Back to overview: Nepal
Impact of the COVID-19 pandemic
Overall, the gross domestic product in Nepal in 2020 decreased moderatly from 34.19 billion US dollars to 33.43 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 2.2 percent 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 fell from 5.6 percent previously to 5.1 percent by the end of 2020.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Nepal Total | Nepal per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 36.29 bn USD | 1,208.22 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 36.59 bn USD | 1,218.28 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Nepal
› Cost of living in a global comparison
› Development of inflation
› Corruption in Nepal
› Cost of living in a global comparison
Imports and Exports 2021
Nepal Total | Nepal per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 16.96 bn USD | 564.59 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 2.50 bn USD | 83.07 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports