Nepal's GDP changed from approximately $2B 258M in 1980 to $44B 179M in 2024, showing an overall 1856.6% sharply increased during the period.
The lowest GDP was recorded in 1980 at $2B 258M, and the highest in 2024 at $44B 179M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.0%.
For comparison, the average annual growth rate of India was 7.2%, and that of China was 9.8%.
Nepal GDP from 1980 to 2024
The total market value of goods and services produced annually in Nepal.
Overview of Nepal's GDP (1980–2024)
The Gross Domestic Product (GDP) of Nepal recorded a 1856.6% sharply increased from 1980 to 2024.
The average GDP during this period was $13B 978M, and the median was $6B 816M.
GDP fluctuated within a range of $41B 921M, with a standard deviation of $12B 583M.
The average annual change was $873M 140K.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $2B 258M
- Highest GDP: 2024, $44B 179M
- Most Recent GDP: 2024, $44B 179M
Notable Annual GDP Changes
- 2017: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Nepal's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $34B 186M → $33B 433M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $11B 777M → $14B 663M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $6B 537M → $6B 719M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $6B 27M → $5B 992M
- Outcome: remained stable
Key Economic Indicators of Nepal (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 2B 258M | $ 144.49 | $ 429.33 | $ 6B 710M | -2.32 % | -4.955 % | 15.10 % | 0 % | 15M 630K people |
1981 | $ 2B 641M | $ 165.13 | $ 497.57 | $ 7B 958M | 8.341 % | -3.934 % | 15.56 % | 0 % | 15M 994K people |
1982 | $ 2B 669M | $ 163.05 | $ 535.71 | $ 8B 769M | 3.78 % | -7.036 % | 14.36 % | 0 % | 16M 369K people |
1983 | $ 2B 920M | $ 174.29 | $ 527.69 | $ 8B 841M | -2.978 % | -7.948 % | 14.92 % | 0 % | 16M 754K people |
1984 | $ 3B 89M | $ 180.15 | $ 585.99 | $ 10B 47M | 9.681 % | -7.699 % | 14.70 % | 0 % | 17M 145K people |
1985 | $ 3B 208M | $ 182.89 | $ 627.21 | $ 11B 2M | 6.145 % | -5.29 % | 13.14 % | 0 % | 17M 541K people |
1986 | $ 3B 491M | $ 194.62 | $ 654.27 | $ 11B 736M | 4.566 % | -3.632 % | 10.96 % | 0 % | 17M 937K people |
1987 | $ 3B 621M | $ 197.60 | $ 667.40 | $ 12B 231M | 1.7 % | -3.81 % | 13.49 % | 0 % | 18M 326K people |
1988 | $ 4B 269M | $ 228.09 | $ 728.43 | $ 13B 637M | 7.697 % | -5.288 % | 12.92 % | 0 % | 18M 721K people |
1989 | $ 4B 317M | $ 225.48 | $ 772.25 | $ 14B 785M | 4.328 % | -6.233 % | 11.33 % | 0 % | 19M 145K people |
1990 | $ 4B 442M | $ 226.44 | $ 818.14 | $ 16B 49M | 4.635 % | -6.62 % | 8.18 % | 0 % | 19M 617K people |
1991 | $ 4B 861M | $ 241.46 | $ 876.68 | $ 17B 648M | 6.366 % | -6.749 % | 9.79 % | 0 % | 20M 131K people |
1992 | $ 4B 417M | $ 213.34 | $ 907.73 | $ 18B 792M | 4.108 % | -5.055 % | 11.85 % | 0 % | 20M 702K people |
1993 | $ 4B 743M | $ 223.03 | $ 939.34 | $ 19B 977M | 3.847 % | -4.598 % | 13.83 % | 0 % | 21M 267K people |
1994 | $ 4B 954M | $ 227.32 | $ 1,013.13 | $ 22B 81M | 8.219 % | -5.159 % | 13.14 % | 0 % | 21M 795K people |
1995 | $ 5B 379M | $ 241.15 | $ 1,045.74 | $ 23B 326M | 3.468 % | -1.861 % | 18.72 % | 0 % | 22M 306K people |
1996 | $ 5B 544M | $ 243.35 | $ 1,098.17 | $ 25B 21M | 5.338 % | -4.383 % | 17.83 % | 0 % | 22M 784K people |
1997 | $ 6B 27M | $ 259.23 | $ 1,152.34 | $ 26B 791M | 5.261 % | -0.624 % | 20.07 % | 0 % | 23M 249K people |
1998 | $ 5B 992M | $ 252.81 | $ 1,176.61 | $ 27B 890M | 2.943 % | -0.823 % | 19.46 % | 0 % | 23M 703K people |
1999 | $ 6B 164M | $ 255.29 | $ 1,224.04 | $ 29B 552M | 4.483 % | 3.538 % | 20.27 % | 0 % | 24M 143K people |