Personal remittances, received in Nepal
Nepal: Personal remittances, received was 26.0% in 2024. ◆ Volatile
Personal remittances, received in Nepal, 1993–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Nepal stood at 26.0%.
That represents a change of down 0.9% on the previous year and up 0.3% over ten years.
Over the whole period, personal remittances, received in Nepal peaked at 27.6% in 2015 and was at its lowest, 1.0%, in 1996.
That places Nepal 7th out of 195 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Nepal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1993 | 1.5% | — |
| 1994 | 1.2% | -17.7% |
| 1995 | 1.3% | +4.8% |
| 1996 | 1.0% | -24.4% |
| 1997 | 1.0% | +3.0% |
| 1998 | 1.4% | +38.2% |
| 1999 | 1.7% | +19.3% |
| 2000 | 2.0% | +22.4% |
| 2001 | 2.4% | +20.6% |
| 2002 | 11.2% | +358.3% |
| 2003 | 12.2% | +8.6% |
| 2004 | 11.3% | -7.2% |
| 2005 | 14.9% | +31.8% |
| 2006 | 16.1% | +7.8% |
| 2007 | 16.8% | +4.5% |
| 2008 | 21.7% | +29.5% |
| 2009 | 23.2% | +6.8% |
| 2010 | 21.6% | -6.7% |
| 2011 | 19.5% | -9.7% |
| 2012 | 22.1% | +13.0% |
| 2013 | 25.2% | +14.1% |
| 2014 | 25.9% | +2.8% |
| 2015 | 27.6% | +6.6% |
| 2016 | 27.0% | -2.4% |
| 2017 | 23.9% | -11.3% |
| 2018 | 25.0% | +4.7% |
| 2019 | 24.1% | -3.6% |
| 2020 | 24.3% | +0.6% |
| 2021 | 22.3% | -8.1% |
| 2022 | 22.9% | +2.6% |
| 2023 | 26.2% | +14.7% |
| 2024 | 26.0% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 1.0% | 1.7% | 7 |
| 2000s | 13.2% | 2.0% | 23.2% | 10 |
| 2010s | 24.2% | 19.5% | 27.6% | 10 |
| 2020s | 24.3% | 22.3% | 26.2% | 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)
- Manufacturing, value added (constant LCU), per capita 4,364 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 5 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1205 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 185.08 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 7.58 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 16.42 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 25,225 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 3.31 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Nepal?
- Personal remittances, received in Nepal was 26.0% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Nepal?
- The highest recorded value was 27.6% in 2015.
- What is the lowest personal remittances, received recorded in Nepal?
- The lowest recorded value was 1.0% in 1996.
- How does Nepal rank for personal remittances, received?
- Nepal ranks 7th out of 195 countries with data for 2024.
- Is personal remittances, received rising or falling in Nepal?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is volatile.
- Where does this Nepal data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.