Nepal: Economy | Asian Development Bank

Nepal: Economy

GDP growth exceeded the Asian Development Outlook 2017 forecast for FY2017 (ended 15 July 2017) as the economy rebounded from stagnation in FY2016 caused by devastating earthquakes a year earlier. The robust performance in FY2017 mainly reflects a good monsoon and harvest, accelerated reconstruction, better electricity supply and management, and the normalization of disrupted foreign trade and supply, as well as base effects. Read more from Asian Development Outlook 2017 Update

Note: GDP growth rate forecasts for 2017 and 2018.


Economic forecasts for South Asian countries

Country 2017f 2018f
Afghanistan –0.8 1.0
Bangladesh 5.5 5.5
Bhutan 6.7 8.4
India 6.5 6.2
Maldives 1.6 1.8
Nepal 4.2 3.9
Pakistan 3.2 3.5
Sri Lanka 4.7 4.7
Average 5.9 5.8
Country 2017f 2018f
Afghanistan 5.5 5.8
Bangladesh 5.4 6.0
Bhutan 4.3 5.4
India 4.0 4.6
Maldives 3.1 2.8
Nepal 4.5 6.5
Pakistan 4.2 4.8
Sri Lanka 7.0 4.0
Average 4.2 4.7
Country 2017f 2018f
Afghanistan 2.2 0.2
Bangladesh –0.6 –1.5
Bhutan –25.5 –22.8
India –1.3 –1.5
Maldives –16.4 –15.2
Nepal –0.4 –2.2
Pakistan –4.0 –4.2
Sri Lanka –3.5 –2.5
Average –1.6 –1.8
Country 2015
Afghanistan 610
Bangladesh 1,190
Bhutan 2,380
India 1,600
Maldives 6,950
Nepal 730
Pakistan 1,440
Sri Lanka 3,800

f = forecast number.

Sources:
Asian Development Outlook 2017
Asian Development Outlook 2017 Update