Worlddata.info

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 12,183 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 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 34, 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 10.6 to 13.1 percent. The country's gross debt increased by 22.8 percent. The inflation rate fell from 5.6 percent previously to 5.1 percent by the end of 2020.

In 2021, there was already a recovery and the gross domestic product increased to 36.29 billion US dollars (=106.2% of 2019).

Income and purchasing power

The average monthly income in Nepal is 102 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 73.5 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Nepal than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 93.5 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

 Nepal
Total		Nepal
per capita		EU
Total		EU
per capita
GDP36.29 bn USD1,208.22 USD17.177 tn USD33,384.92 USD
Gross national product36.59 bn USD1,218.28 USD16.895 tn USD32,835.37 USD


In the Global Innovation Index, Nepal ranked 111st in 2022 with 17.6 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

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


Imports and Exports 2022

 Nepal
Total		Nepal
per capita		EU
Total		EU
per capita
Imports16.96 bn USD564.59 USD8.916 tn USD17,329.02 USD
Exports2.50 bn USD83.07 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1976 - 2022

Exports
Imports



Nepal: AirportsLargest airports and airlines in NepalThe 22 biggest airports and 8 airlines in Nepal with further information and data with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Austria: ClimateClimate and temperature development in AustriaA climate analysis for Austria incl. temperatures, humidity, rain days per month, hours of sunshine, water temperature, rainfalls