Gross Domestic Product: Value Standard … Gross annual growth rate in Nepal
Nepal: Gross Domestic Product: Value Standard … Gross annual growth rate was 6.37 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, annual growth in Nepal, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Nepal stood at 6.37 % change on previous year.
The figure is down 14.7% on the previous year and down 56.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Nepal peaked at 28.48 % change on previous year in 1974 and was at its lowest, -3.86 % change on previous year, in 1973.
Nepal ranks 123rd of 218 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product: Value Standard … Gross annual growth rate in Nepal, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 1.94 % change on previous year | — |
| 1972 | 16.01 % change on previous year | +725.8% |
| 1973 | -3.86 % change on previous year | -124.1% |
| 1974 | 28.48 % change on previous year | -838.3% |
| 1975 | 15.57 % change on previous year | -45.3% |
| 1976 | 4.97 % change on previous year | -68.1% |
| 1977 | -0.6555 % change on previous year | -113.2% |
| 1978 | 14.19 % change on previous year | -2264.8% |
| 1979 | 12.58 % change on previous year | -11.3% |
| 1980 | 5.11 % change on previous year | -59.4% |
| 1981 | 16.86 % change on previous year | +229.6% |
| 1982 | 13.56 % change on previous year | -19.5% |
| 1983 | 8.95 % change on previous year | -34.0% |
| 1984 | 16.67 % change on previous year | +86.2% |
| 1985 | 18.27 % change on previous year | +9.6% |
| 1986 | 19.63 % change on previous year | +7.5% |
| 1987 | 14.59 % change on previous year | -25.7% |
| 1988 | 20.42 % change on previous year | +40.0% |
| 1989 | 16.08 % change on previous year | -21.3% |
| 1990 | 15.85 % change on previous year | -1.4% |
| 1991 | 16.39 % change on previous year | +3.5% |
| 1992 | 24.19 % change on previous year | +47.5% |
| 1993 | 14.71 % change on previous year | -39.2% |
| 1994 | 16.21 % change on previous year | +10.2% |
| 1995 | 9.99 % change on previous year | -38.4% |
| 1996 | 13.57 % change on previous year | +35.8% |
| 1997 | 12.7 % change on previous year | -6.4% |
| 1998 | 7.25 % change on previous year | -42.9% |
| 1999 | 13.69 % change on previous year | +88.9% |
| 2000 | 10.95 % change on previous year | -20.0% |
| 2001 | 8.38 % change on previous year | -23.5% |
| 2002 | 5.46 % change on previous year | -34.8% |
| 2003 | 8.58 % change on previous year | +57.1% |
| 2004 | 10.51 % change on previous year | +22.5% |
| 2005 | 11.29 % change on previous year | +7.4% |
| 2006 | 12.47 % change on previous year | +10.4% |
| 2007 | 12.77 % change on previous year | +2.5% |
| 2008 | 13.58 % change on previous year | +6.3% |
| 2009 | 22.79 % change on previous year | +67.9% |
| 2010 | 22.32 % change on previous year | -2.1% |
| 2011 | 15.89 % change on previous year | -28.8% |
| 2012 | 12.77 % change on previous year | -19.6% |
| 2013 | 10.86 % change on previous year | -15.0% |
| 2014 | 14.53 % change on previous year | +33.8% |
| 2015 | 8.56 % change on previous year | -41.1% |
| 2016 | 7.61 % change on previous year | -11.1% |
| 2017 | 17.98 % change on previous year | +136.1% |
| 2018 | 12.31 % change on previous year | -31.5% |
| 2019 | 11.66 % change on previous year | -5.3% |
| 2020 | 0.7715 % change on previous year | -93.4% |
| 2021 | 11.93 % change on previous year | +1446.2% |
| 2022 | 14.34 % change on previous year | +20.2% |
| 2023 | 7.47 % change on previous year | -47.9% |
| 2024 | 6.37 % change on previous year | -14.7% |
Nepal compared with similar countries
- Nepal's 6.37 % change on previous year is below the median for lower middle income countries, which is 9.89 % change on previous year, 64% of the median. (43 countries reporting)
- Nepal's 6.37 % change on previous year is below the median for South Asia, which is 8.96 % change on previous year, 71% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross annual growth rate in Nepal changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | +2264.8% | -0.6555 % change on previous year | 14.19 % change on previous year |
| 2021 | +1446.2% | 0.7715 % change on previous year | 11.93 % change on previous year |
| 1974 | +838.3% | -3.86 % change on previous year | 28.48 % change on previous year |
| 1972 | +725.8% | 1.94 % change on previous year | 16.01 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.91 % change on previous year | -3.86 % change on previous year | 28.48 % change on previous year | 9 |
| 1980s | 15.01 % change on previous year | 5.11 % change on previous year | 20.42 % change on previous year | 10 |
| 1990s | 14.45 % change on previous year | 7.25 % change on previous year | 24.19 % change on previous year | 10 |
| 2000s | 11.68 % change on previous year | 5.46 % change on previous year | 22.79 % change on previous year | 10 |
| 2010s | 13.45 % change on previous year | 7.61 % change on previous year | 22.32 % change on previous year | 10 |
| 2020s | 8.18 % change on previous year | 0.7715 % change on previous year | 14.34 % change on previous year | 5 |
Countries ranked near Nepal
- 120 Portugal 6.44 % change on previous year compare
- 121 Israel 6.44 % change on previous year compare
- 122 Iceland 6.4 % change on previous year compare
- 124 Luxembourg 6.31 % change on previous year compare
- 125 Puerto Rico 6.31 % change on previous year compare
- 126 Lithuania 6.26 % change on previous year compare
More economy & growth data for Nepal
- Real gdp growth, annual growth rate 25.62 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Nepal?
- Gross domestic product — value standard local currency, annual growth in Nepal was 6.37 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Nepal?
- The highest recorded value was 28.48 % change on previous year in 1974.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Nepal?
- The lowest recorded value was -3.86 % change on previous year in 1973.
- How does Nepal rank for gross domestic product — value standard local currency, annual growth?
- Nepal ranks 123rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Nepal?
- Over the last ten years it is down 56.1%. The long-run trend across the full record is falling.
- Where does this Nepal data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.