Gross Domestic Product — Value Standard Local Currency in Nepal
Nepal: Gross Domestic Product — Value Standard Local Currency was 5.69 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency 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 in Nepal is 5.69 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 6.4% on the previous year and up 154.8% over ten years.
Over the whole period, gross domestic product — value standard local currency in Nepal peaked at 5.69 million million SLC in 2024 and was at its lowest, 10,538 million SLC, in 1970.
Nepal ranks 70th of 218 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 in Nepal, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 10,538 million SLC | — |
| 1971 | 10,742 million SLC | +1.9% |
| 1972 | 12,462 million SLC | +16.0% |
| 1973 | 11,981 million SLC | -3.9% |
| 1974 | 15,393 million SLC | +28.5% |
| 1975 | 17,790 million SLC | +15.6% |
| 1976 | 18,673 million SLC | +5.0% |
| 1977 | 18,551 million SLC | -0.7% |
| 1978 | 21,183 million SLC | +14.2% |
| 1979 | 23,849 million SLC | +12.6% |
| 1980 | 25,068 million SLC | +5.1% |
| 1981 | 29,294 million SLC | +16.9% |
| 1982 | 33,267 million SLC | +13.6% |
| 1983 | 36,245 million SLC | +9.0% |
| 1984 | 42,288 million SLC | +16.7% |
| 1985 | 50,013 million SLC | +18.3% |
| 1986 | 59,832 million SLC | +19.6% |
| 1987 | 68,560 million SLC | +14.6% |
| 1988 | 82,562 million SLC | +20.4% |
| 1989 | 95,835 million SLC | +16.1% |
| 1990 | 111,021 million SLC | +15.8% |
| 1991 | 129,222 million SLC | +16.4% |
| 1992 | 160,480 million SLC | +24.2% |
| 1993 | 184,084 million SLC | +14.7% |
| 1994 | 213,926 million SLC | +16.2% |
| 1995 | 235,293 million SLC | +10.0% |
| 1996 | 267,217 million SLC | +13.6% |
| 1997 | 301,141 million SLC | +12.7% |
| 1998 | 322,968 million SLC | +7.2% |
| 1999 | 367,188 million SLC | +13.7% |
| 2000 | 407,394 million SLC | +10.9% |
| 2001 | 441,519 million SLC | +8.4% |
| 2002 | 465,633 million SLC | +5.5% |
| 2003 | 505,583 million SLC | +8.6% |
| 2004 | 558,736 million SLC | +10.5% |
| 2005 | 621,822 million SLC | +11.3% |
| 2006 | 699,346 million SLC | +12.5% |
| 2007 | 788,676 million SLC | +12.8% |
| 2008 | 895,758 million SLC | +13.6% |
| 2009 | 1.10 million million SLC | +22.8% |
| 2010 | 1.35 million million SLC | +22.3% |
| 2011 | 1.56 million million SLC | +15.9% |
| 2012 | 1.76 million million SLC | +12.8% |
| 2013 | 1.95 million million SLC | +10.9% |
| 2014 | 2.23 million million SLC | +14.5% |
| 2015 | 2.42 million million SLC | +8.6% |
| 2016 | 2.61 million million SLC | +7.6% |
| 2017 | 3.08 million million SLC | +18.0% |
| 2018 | 3.46 million million SLC | +12.3% |
| 2019 | 3.86 million million SLC | +11.7% |
| 2020 | 3.89 million million SLC | +0.8% |
| 2021 | 4.35 million million SLC | +11.9% |
| 2022 | 4.98 million million SLC | +14.3% |
| 2023 | 5.35 million million SLC | +7.5% |
| 2024 | 5.69 million million SLC | +6.4% |
Nepal compared with similar countries
- Nepal's 5.69 million million SLC is above the median for lower middle income countries, which is 1.54 million million SLC, 3.7× the median. (43 countries reporting)
- Nepal's 5.69 million million SLC is below the median for South Asia, which is 17.91 million million SLC, 32% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16,116 million SLC | 10,538 million SLC | 23,849 million SLC | 10 |
| 1980s | 52,296 million SLC | 25,068 million SLC | 95,835 million SLC | 10 |
| 1990s | 229,254 million SLC | 111,021 million SLC | 367,188 million SLC | 10 |
| 2000s | 648,441 million SLC | 407,394 million SLC | 1.10 million million SLC | 10 |
| 2010s | 2.43 million million SLC | 1.35 million million SLC | 3.86 million million SLC | 10 |
| 2020s | 4.85 million million SLC | 3.89 million million SLC | 5.69 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 56.90 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -23.95 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1.92 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 33.15 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency in Nepal?
- Gross domestic product — value standard local currency in Nepal was 5.69 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 recorded in Nepal?
- The highest recorded value was 5.69 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Nepal?
- The lowest recorded value was 10,538 million SLC in 1970.
- How does Nepal rank for gross domestic product — value standard local currency?
- Nepal ranks 70th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Nepal?
- Over the last ten years it is up 154.8%. 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. Statizoid updates them automatically from the source API.
Download this data
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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).