Nepal: Economy

Devastating earthquakes late in Fiscal Year 2015 cut economic growth in Nepal, and a surge in worker remittances expanded the current account surplus. Growth is expected to slide markedly in FY2016, affected by reconstruction delays, extended trade and transit disruptions as minority groups object to features of the newly announced constitution, and an unfavorable monsoon. Recovery in FY2017 is contingent on accelerating reconstruction and restoring trade and transit to normal. Read more from Asian Development Outlook 2016

Economic forecasts for South Asian countries

Country 2016 2017
Afghanistan 2.0 3.0
Bangladesh 6.7 6.9
Bhutan 6.4 6.1
India 7.4 7.8
Maldives 3.5 3.9
Nepal 1.5 4.8
Pakistan 4.5 4.8
Sri Lanka 5.3 5.8
Average 6.9 7.3
Country 2016 2017
Afghanistan 3.0 3.5
Bangladesh 6.2 6.5
Bhutan 4.0 5.0
India 5.4 5.8
Maldives 1.2 1.4
Nepal 10.5 8.2
Pakistan 3.2 4.5
Sri Lanka 4.5 5.0
Average 5.2 5.7
Country 2016 2017
Afghanistan 2.0 -0.7
Bangladesh -0.5 -1.0
Bhutan -28.8 -27.0
India -1.6 -1.8
Maldives -12.6 -10.5
Nepal 10.3 6.4
Pakistan -1.0 -1.2
Sri Lanka -2.0 -1.8
Average -1.4 -1.6

Source: Asian Development Outlook 2016

 

 
This page was generated from http://www.adb.org/countries/nepal/economy on 28 June 2016