Nepal: Economy

Growth in gross domestic product (GDP) slowed in Fiscal Year 2016 (ended 15 July 2016) even more than forecast in March. The depressed result following 5.7% growth achieved in FY2014 reflected lost income and productive capacity following large earthquakes in April and May 2015, delays in reconstruction, unrest in the Terai region bordering India that seriously disrupted trade and supply from September 2015 to February 2016, and an unfavorable monsoon for the second year running. Agriculture and services expanded only slightly, with trade, transport, and tourism (collectively 25% of GDP) either growing only marginally or contracting. The trade disruption and delays in reconstruction pushed manufacturing and construction down sharply. Read more from Asian Development Outlook 2016 Update


Economic forecasts for South Asian countries

Country 2016 2017
Afghanistan 2.0 3.0
Bangladesh 7.1 6.9
Bhutan 6.4 6.1
India 7.4 7.8
Maldives 3.5 3.9
Nepal 0.8 4.8
Pakistan 4.7 5.2
Sri Lanka 5.0 5.5
Average 6.9 7.3
Country 2016 2017
Afghanistan 4.5 6.0
Bangladesh 5.9 6.1
Bhutan 3.3 4.6
India 5.4 5.8
Maldives 1.2 1.4
Nepal 9.9 8.5
Pakistan 2.9 4.7
Sri Lanka 4.5 5.0
Average 5.2 5.7
Country 2016 2017
Afghanistan 4.5 1.1
Bangladesh 1.7 1.0
Bhutan -29.9 -27.0
India -1.4 -1.8
Maldives -10.1 -10.0
Nepal 6.2 4.6
Pakistan -0.9 -1.6
Sri Lanka -2.0 -2.0
Average -1.1 -1.6

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/nepal/economy on 01 October 2016