Balanced trade in services in Nepal
Nepal: Balanced trade in services was 1.13 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Nepal, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Nepal recorded 1.13 US dollars, exchange rate converted for balanced trade in services in 2024. That is the highest value across all 20 years on record.
That represents a change of up 24.6% on the previous year and up 107.1% over ten years.
Over the whole period, balanced trade in services in Nepal peaked at 1.13 US dollars, exchange rate converted in 2024 and was at its lowest, 0.2512 US dollars, exchange rate converted, in 2005.
That places Nepal 113th out of 174 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Nepal, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.2512 US dollars, exchange rate converted | — |
| 2006 | 0.2656 US dollars, exchange rate converted | +5.7% |
| 2007 | 0.3777 US dollars, exchange rate converted | +42.2% |
| 2008 | 0.4454 US dollars, exchange rate converted | +17.9% |
| 2009 | 0.396 US dollars, exchange rate converted | -11.1% |
| 2010 | 0.41 US dollars, exchange rate converted | +3.5% |
| 2011 | 0.4127 US dollars, exchange rate converted | +0.7% |
| 2012 | 0.458 US dollars, exchange rate converted | +11.0% |
| 2013 | 0.4874 US dollars, exchange rate converted | +6.4% |
| 2014 | 0.546 US dollars, exchange rate converted | +12.0% |
| 2015 | 0.5775 US dollars, exchange rate converted | +5.8% |
| 2016 | 0.5588 US dollars, exchange rate converted | -3.2% |
| 2017 | 0.6732 US dollars, exchange rate converted | +20.5% |
| 2018 | 0.7566 US dollars, exchange rate converted | +12.4% |
| 2019 | 0.7503 US dollars, exchange rate converted | -0.8% |
| 2020 | 0.4473 US dollars, exchange rate converted | -40.4% |
| 2021 | 0.6542 US dollars, exchange rate converted | +46.2% |
| 2022 | 0.8004 US dollars, exchange rate converted | +22.4% |
| 2023 | 0.9073 US dollars, exchange rate converted | +13.4% |
| 2024 | 1.13 US dollars, exchange rate converted | +24.6% |
Nepal compared with similar countries
- Nepal's 1.13 US dollars, exchange rate converted is below the median for lower middle income countries, which is 1.24 US dollars, exchange rate converted, 91% of the median. (42 countries reporting)
- Nepal's 1.13 US dollars, exchange rate converted is above the median for South Asia, which is 0.9974 US dollars, exchange rate converted, 1.1× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3472 US dollars, exchange rate converted | 0.2512 US dollars, exchange rate converted | 0.4454 US dollars, exchange rate converted | 5 |
| 2010s | 0.563 US dollars, exchange rate converted | 0.41 US dollars, exchange rate converted | 0.7566 US dollars, exchange rate converted | 10 |
| 2020s | 0.788 US dollars, exchange rate converted | 0.4473 US dollars, exchange rate converted | 1.13 US dollars, exchange rate converted | 5 |
Countries ranked near Nepal
- 110 Georgia 1.16 US dollars, exchange rate converted compare
- 111 Tanzania 1.15 US dollars, exchange rate converted compare
- 112 Palestine 1.14 US dollars, exchange rate converted compare
- 114 Gabon 1.11 US dollars, exchange rate converted compare
- 115 Nicaragua 1.1 US dollars, exchange rate converted compare
- 116 Somalia 1.07 US dollars, exchange rate converted compare
More economy & growth data for Nepal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.28 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.25 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -15.47 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0031 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 4.82 units per person (2025)
- SDRs holdings, SDR, annual growth rate -19.5 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0023 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 3.52 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0042 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Nepal?
- Balanced trade in services in Nepal was 1.13 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Nepal?
- The highest recorded value was 1.13 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Nepal?
- The lowest recorded value was 0.2512 US dollars, exchange rate converted in 2005.
- How does Nepal rank for balanced trade in services?
- Nepal ranks 113th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Nepal?
- Over the last ten years it is up 107.1%. The long-run trend across the full record is rising.
- Where does this Nepal data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html