Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nepal
Nepal: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 3.48 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nepal, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Nepal is 3.48 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.7% on the previous year and up 49.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Nepal peaked at 3.48 million million SLC in 2024 and was at its lowest, 361,404 million SLC, in 1971.
Nepal ranks 59th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nepal, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 365,770 million SLC | — |
| 1971 | 361,404 million SLC | -1.2% |
| 1972 | 372,664 million SLC | +3.1% |
| 1973 | 370,883 million SLC | -0.5% |
| 1974 | 394,379 million SLC | +6.3% |
| 1975 | 400,124 million SLC | +1.5% |
| 1976 | 417,726 million SLC | +4.4% |
| 1977 | 430,331 million SLC | +3.0% |
| 1978 | 449,285 million SLC | +4.4% |
| 1979 | 459,934 million SLC | +2.4% |
| 1980 | 449,261 million SLC | -2.3% |
| 1981 | 486,736 million SLC | +8.3% |
| 1982 | 505,135 million SLC | +3.8% |
| 1983 | 490,092 million SLC | -3.0% |
| 1984 | 537,539 million SLC | +9.7% |
| 1985 | 570,571 million SLC | +6.1% |
| 1986 | 596,621 million SLC | +4.6% |
| 1987 | 606,737 million SLC | +1.7% |
| 1988 | 653,449 million SLC | +7.7% |
| 1989 | 681,728 million SLC | +4.3% |
| 1990 | 713,327 million SLC | +4.6% |
| 1991 | 758,740 million SLC | +6.4% |
| 1992 | 789,910 million SLC | +4.1% |
| 1993 | 820,296 million SLC | +3.8% |
| 1994 | 887,718 million SLC | +8.2% |
| 1995 | 918,508 million SLC | +3.5% |
| 1996 | 967,535 million SLC | +5.3% |
| 1997 | 1.02 million million SLC | +5.3% |
| 1998 | 1.05 million million SLC | +2.9% |
| 1999 | 1.10 million million SLC | +4.5% |
| 2000 | 1.16 million million SLC | +6.1% |
| 2001 | 1.23 million million SLC | +5.6% |
| 2002 | 1.25 million million SLC | +1.5% |
| 2003 | 1.31 million million SLC | +5.3% |
| 2004 | 1.39 million million SLC | +6.1% |
| 2005 | 1.46 million million SLC | +4.9% |
| 2006 | 1.53 million million SLC | +4.8% |
| 2007 | 1.60 million million SLC | +4.8% |
| 2008 | 1.72 million million SLC | +7.5% |
| 2009 | 1.83 million million SLC | +5.9% |
| 2010 | 1.94 million million SLC | +6.2% |
| 2011 | 2.03 million million SLC | +4.6% |
| 2012 | 2.12 million million SLC | +4.7% |
| 2013 | 2.20 million million SLC | +3.5% |
| 2014 | 2.33 million million SLC | +6.0% |
| 2015 | 2.42 million million SLC | +4.0% |
| 2016 | 2.43 million million SLC | +0.4% |
| 2017 | 2.65 million million SLC | +9.0% |
| 2018 | 2.85 million million SLC | +7.6% |
| 2019 | 3.04 million million SLC | +6.7% |
| 2020 | 2.97 million million SLC | -2.4% |
| 2021 | 3.12 million million SLC | +4.8% |
| 2022 | 3.29 million million SLC | +5.6% |
| 2023 | 3.36 million million SLC | +2.0% |
| 2024 | 3.48 million million SLC | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 402,250 million SLC | 361,404 million SLC | 459,934 million SLC | 10 |
| 1980s | 557,787 million SLC | 449,261 million SLC | 681,728 million SLC | 10 |
| 1990s | 901,827 million SLC | 713,327 million SLC | 1.10 million million SLC | 10 |
| 2000s | 1.45 million million SLC | 1.16 million million SLC | 1.83 million million SLC | 10 |
| 2010s | 2.40 million million SLC | 1.94 million million SLC | 3.04 million million SLC | 10 |
| 2020s | 3.24 million million SLC | 2.97 million million SLC | 3.48 million million SLC | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 6.29 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3082 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 473.41 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -4.37 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -6.93 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 29.38 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 45,126 current LCU per person (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Nepal?
- Gross domestic product — value standard local currency, 2015 prices in Nepal was 3.48 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Nepal?
- The highest recorded value was 3.48 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Nepal?
- The lowest recorded value was 361,404 million SLC in 1971.
- How does Nepal rank for gross domestic product — value standard local currency, 2015 prices?
- Nepal ranks 59th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Nepal?
- Over the last ten years it is up 49.3%. The long-run trend across the full record is volatile.
- Where does this Nepal data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).