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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
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


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 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 - 2021

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.
Language: ChineseChinese - Worldwide distributionInternational distribution of mother tongue Chinese including regional allocations. Mainly in in China.