Nepal GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Nepal GDP from 1980 to 2024

The total market value of goods and services produced annually in Nepal.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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