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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
