USAID’s economic growth activities aim to improve the income-generating potential of the poorest of the poor, expand young people’s access to jobs, increase farmers’ incomes and food security, help the Government of Nepal address macroeconomic and agricultural sector policies, and improve Nepal’s business environment for private sector–led growth. Macroeconomic Update 1 MACROECONOMIC UPDATE A.

In its latest Nepal Macroeconomic Update released on April 03, 2019, ADB projected Nepal’s economic growth rate at 6.2 percent for FY 2018-19 and 6.3 percent for 2020. Balancing ties with both China and India will be crucial to Nepal’s foreign policy. The service sector accounted for 57 percent of the growth, and the agriculture sector contributed an … Economic growth is expected to fall in Nepal to a range between 1.5 and 2.8 percent in FY2020 reflecting lower remittances, trade and tourism, and broader disruptions caused by the COVID-19 outbreak. Nepal is the poorest country in South Asia and the 17th poorest in the world.

Bijay Gajmer. This statistic shows the distribution of Nepal's gross domestic product (GDP) by sector up to 2017. Nepal - Nepal - The economy: Landlocked, lacking substantial resources for economic development, and hampered by an inadequate transportation network, Nepal is one of the least developed nations in the world.
Nepal’s economic freedom score is 54.2, making its economy the 139th freest in the 2020 Index. The World Bank said in its report entitled South Asia Economic Focus published on Sunday that the gross domestic product growth rate was forecast to reach 7.1 percent in 2019 and 6.4 percent in 2020. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. Gross domestic product (GDP) growth edged down to an estimated 6.3% in fiscal year 2018 (FY2018, ended 16 July 2018) from 7.9% in fiscal year 2017 that accelerated from a low base (Figure 1). This is in contrast with past growth that averaged 4.1 percent a year between FY2007 and FY2016. This statistic shows the gross domestic product (GDP) in Nepal from 1984 to 2019, with projections up until 2021.

Economic Growth and Trade.

Nepal's GDP expected to grow by 5.3% in 2020 and 6.4% in 2021 – ADO 2020 Nepal's inflation rates forecasted at 6.0% in 2020 and 5.5% in 2021 – ADO 2020 Per capita GDP growth for Nepal is expected at 3.7% in 2020 and 4.8% in 2021 – ADB Report The economy is heavily dependent on imports of basic materials and on foreign markets for its forest and agricultural products. The United States and Nepal signed a $500 million Millennium Challenge Corporation Compact in September 2017 which will expand Nepal’s electricity infrastructure and help maintain transportation infrastructure. Economic activity will resume slowly as the government partially relaxes coronavirus-related lockdown measures from May. Though there is only a slight rise in projection from 2019 to 2020, ADB says the Himalayan nation can achieve more, and in a sustained manner. GDP Annual Growth Rate in Nepal averaged 4.52 percent from 1993 until 2019, reaching an all time high of 8.60 percent in 1993 and a record low of 0.10 percent in 2001. A prolonged outbreak of COVID-19 is likely to affect growth significantly with a further deceleration or contraction in services and industrial production. Approximately 25 percent of Nepalis live below the poverty line.


The Gross Domestic Product (GDP) in Nepal was worth 29 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. GDP growth (annual %) - Nepal. Nepal's economy is estimated to grow at 6.5 percent in this fiscal year 2019-20, way below the ambitious 8.5 percent target set by the government, according to the World Bank. The Gross Domestic Product (GDP) in Nepal expanded 2.30 percent in 2019 from the previous year. Economic growth in Nepal remained robust for the third year in a row, reaching 7.1 percent in FY2019.