Current account balance in Nepal
Nepal: Current account balance was 3.9% in 2024. ◆ Volatile
Current account balance in Nepal, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Nepal recorded 3.9% for current account balance in 2024.
Compared with earlier readings it is up 58.3% on the previous year and up 77.6% over ten years.
Over the whole period, current account balance in Nepal peaked at 10.0% in 2015 and was at its lowest, -14.5%, in 2021.
That places Nepal 47th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Nepal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 1.3% | — |
| 1977 | -0.1% | -108.9% |
| 1978 | -1.6% | +1307.5% |
| 1979 | -0.6% | -61.7% |
| 1980 | -2.0% | +224.9% |
| 1981 | -0.8% | -57.9% |
| 1982 | -3.6% | +324.7% |
| 1983 | -5.9% | +66.8% |
| 1984 | -3.7% | -38.0% |
| 1985 | -4.6% | +25.9% |
| 1986 | -4.2% | -9.9% |
| 1987 | -4.2% | -0.3% |
| 1988 | -7.8% | +86.7% |
| 1989 | -6.9% | -11.3% |
| 1990 | -8.0% | +15.5% |
| 1991 | -7.8% | -2.6% |
| 1992 | -5.3% | -31.3% |
| 1993 | -6.1% | +14.0% |
| 1994 | -8.7% | +42.3% |
| 1995 | -8.1% | -6.4% |
| 1996 | -7.2% | -10.8% |
| 1997 | -7.9% | +9.2% |
| 1998 | -1.4% | -82.5% |
| 1999 | -1.6% | +13.0% |
| 2000 | -2.4% | +52.1% |
| 2001 | -2.7% | +15.3% |
| 2002 | 3.6% | -229.7% |
| 2003 | 2.8% | -19.9% |
| 2004 | 1.4% | -51.7% |
| 2005 | 1.9% | +37.0% |
| 2006 | 1.7% | -11.9% |
| 2007 | 0.1% | -96.7% |
| 2008 | 5.8% | +10565.0% |
| 2009 | 0.2% | -97.2% |
| 2010 | -0.8% | -578.7% |
| 2011 | 1.3% | -267.8% |
| 2012 | 2.7% | +98.9% |
| 2013 | 5.2% | +96.6% |
| 2014 | 2.2% | -58.3% |
| 2015 | 10.0% | +360.1% |
| 2016 | -0.7% | -106.8% |
| 2017 | -3.6% | +420.8% |
| 2018 | -8.3% | +132.9% |
| 2019 | -5.1% | -38.2% |
| 2020 | -0.3% | -95.1% |
| 2021 | -14.5% | +5671.4% |
| 2022 | -5.8% | -60.3% |
| 2023 | 2.5% | -142.5% |
| 2024 | 3.9% | +58.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -0.3% | -1.6% | 1.3% | 4 |
| 1980s | -4.4% | -7.8% | -0.8% | 10 |
| 1990s | -6.2% | -8.7% | -1.4% | 10 |
| 2000s | 1.2% | -2.7% | 5.8% | 10 |
| 2010s | 0.3% | -8.3% | 10.0% | 10 |
| 2020s | -2.8% | -14.5% | 3.9% | 5 |
Countries ranked near Nepal
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)
- Industry (including construction), value added (constant 2015 US$) 3.31 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1118 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 171.65 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 3.31 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 8.68 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 13,334 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 4.06 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5437 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Nepal?
- Current account balance in Nepal was 3.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Nepal?
- The highest recorded value was 10.0% in 2015.
- What is the lowest current account balance recorded in Nepal?
- The lowest recorded value was -14.5% in 2021.
- How does Nepal rank for current account balance?
- Nepal ranks 47th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Nepal?
- Over the last ten years it is up 77.6%. The long-run trend across the full record is volatile.
- Where does this Nepal data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.