Economic Indicators of Nepal
(in Summary)
Economic Overview:
In FY 2019/20, Nepal's Gross Domestic Product (GDP) is estimated to have grown by 2.28 percent. Agriculture sector estimated to grow 2.59 percent. Likewise, industry and service sectors estimated to grow 3.23 percent and 1.99 percent respectively. Share of agriculture, industry and service sectors in GDP stands 27.65 percent, 14.27 percent and 58.08 percent respectively in 2019/20.
For further details: https://www.nrb.org.np/contents/uploads/2020/08/Current-Macroeconomic-and-Financial-Situation.-English.-Based-on-Annual-data-of-2019.20-1.pdf
Foreign Trade:
In fiscal year 2019/20, exports increased 0.6 percent to Rs.97.71 billion compared to an increase of 19.4 percent in 2018/19. In four months of 2020/21, exports increased 10.8 percent to Rs.40.20 billion compared to an increase of 23.9 percent in the same period of the previous year.
Likewise, in fiscal year 2019/20, imports decreased by 15.6 percent to Rs.1196.8 billion against an increase of 13.9 percent in the previous year. In four months of 2020/21, imports decreased 10.6 percent to Rs.402.49 billion compared to a decrease of 6.9 percent in the same period of previous fiscal year.
For further details: https://www.nrb.org.np/contents/uploads/2020/08/Current-Macroeconomic-and-Financial-Situation.-English.-Based-on-Annual-data-of-2019.20-1.pdf
(Content compiled on 31 December 2020 | by Udaya Bohara, FNCCI | udaya@fncci.org)
