Key data points
Last release
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Observation period
2024
Next release
—
Forecast
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Highest
9.00 % on Dec 31, 2016
Lowest
−2.40 % on Dec 31, 2019
About Nepal GDP YoY
Nepal is one of the least developed countries in the world and relies extensively on foreign aid. The main sector of the economy is agriculture, which employs over 70 percent of the population and accounts for 33 percent of GDP. As Nepal is home to the highest mountains in the world, tourism has been steadily growing in importance and is an important source of revenue. Also, the country has been working on exploiting hydroelectric power. Although Nepalese economy has been steadily growing in recent years, lack of governmental institutions, growing population and remnants of social instability are sources of concern.