Trade in services in Nepal
Nepal: Trade in services was 9.6% in 2024. ▼ Falling
Trade in services in Nepal, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Nepal stood at 9.6%.
That represents a change of up 0.4% on the previous year and down 15.4% over ten years.
Over the whole period, trade in services in Nepal peaked at 22.5% in 1995 and was at its lowest, 5.9%, in 2020.
That places Nepal 163rd out of 199 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 49 years of available data.
Trade in services in Nepal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 7.2% | — |
| 1977 | 8.6% | +19.3% |
| 1978 | 9.7% | +13.9% |
| 1979 | 10.0% | +3.0% |
| 1980 | 12.5% | +24.3% |
| 1981 | 11.0% | -12.1% |
| 1982 | 10.2% | -6.6% |
| 1983 | 10.6% | +3.3% |
| 1984 | 10.0% | -5.3% |
| 1985 | 10.4% | +4.0% |
| 1986 | 10.2% | -2.3% |
| 1987 | 11.8% | +15.9% |
| 1988 | 10.7% | -8.9% |
| 1989 | 10.0% | -7.4% |
| 1990 | 10.2% | +3.0% |
| 1991 | 10.8% | +5.5% |
| 1992 | 14.7% | +35.7% |
| 1993 | 16.0% | +9.0% |
| 1994 | 21.5% | +34.7% |
| 1995 | 22.5% | +4.7% |
| 1996 | 22.1% | -1.9% |
| 1997 | 22.2% | +0.2% |
| 1998 | 15.7% | -29.3% |
| 1999 | 17.2% | +9.9% |
| 2000 | 12.8% | -25.5% |
| 2001 | 10.5% | -18.6% |
| 2002 | 9.0% | -14.3% |
| 2003 | 10.1% | +12.6% |
| 2004 | 11.6% | +15.3% |
| 2005 | 10.0% | -13.8% |
| 2006 | 9.7% | -3.1% |
| 2007 | 12.0% | +23.0% |
| 2008 | 12.6% | +5.1% |
| 2009 | 12.0% | -4.2% |
| 2010 | 9.6% | -20.0% |
| 2011 | 7.6% | -20.8% |
| 2012 | 8.4% | +10.0% |
| 2013 | 9.8% | +16.8% |
| 2014 | 11.4% | +16.1% |
| 2015 | 10.8% | -5.0% |
| 2016 | 10.6% | -1.7% |
| 2017 | 11.1% | +4.6% |
| 2018 | 10.6% | -4.3% |
| 2019 | 9.8% | -8.3% |
| 2020 | 5.9% | -39.3% |
| 2021 | 6.4% | +8.1% |
| 2022 | 8.0% | +24.7% |
| 2023 | 9.6% | +20.1% |
| 2024 | 9.6% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.9% | 7.2% | 10.0% | 4 |
| 1980s | 10.7% | 10.0% | 12.5% | 10 |
| 1990s | 17.3% | 10.2% | 22.5% | 10 |
| 2000s | 11.0% | 9.0% | 12.8% | 10 |
| 2010s | 10.0% | 7.6% | 11.4% | 10 |
| 2020s | 7.9% | 5.9% | 9.6% | 5 |
Countries ranked near Nepal
- 160 Benin 10.2% compare
- 161 Guatemala 9.8% compare
- 162 Chile 9.8% compare
- 164 Venezuela, Bolivarian Republic of 9.5% compare
- 165 South Africa 9.3% compare
- 166 Burkina Faso 9.1% compare
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 trade in services in Nepal?
- Trade in services in Nepal was 9.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Nepal?
- The highest recorded value was 22.5% in 1995.
- What is the lowest trade in services recorded in Nepal?
- The lowest recorded value was 5.9% in 2020.
- How does Nepal rank for trade in services?
- Nepal ranks 163rd out of 199 countries with data for 2024.
- Is trade in services rising or falling in Nepal?
- Over the last ten years it is down 15.4%. The long-run trend across the full record is falling.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.