Economy
High confidenceGDP growth rate
3.9%
2023latest data
56
out of 100 — Developing
+3.6% per year
5-year average trend
What this means
Annual GDP growth rate. Nepal needs sustained 6-7% growth to reach middle-income status by 2040.
Historical data & projections to 2040
2010–2023Current trend
2.97%
by 2040
Moderate reform (+25%)
3.14%
by 2040
Aggressive reform (+50%)
3.26%
by 2040
Stagnation (-50%)
2.26%
by 2040
Historical data
| Year | Value | Source | Status |
|---|---|---|---|
| 2023 | 3.9% | World Bank Open Data | Verified |
| 2022 | 5.6% | World Bank Open Data | Verified |
| 2021 | 4.2% | World Bank Open Data | Verified |
| 2020 | -2.4% | World Bank Open Data | Verified |
| 2019 | 6.7% | World Bank Open Data | Verified |
| 2018 | 6.7% | World Bank Open Data | Verified |
| 2017 | 9% | World Bank Open Data | Verified |
| 2016 | 0.6% | World Bank Open Data | Verified |
| 2015 | 3.3% | World Bank Open Data | Verified |
| 2010 | 4.8% | World Bank Open Data | Verified |
At a glance
Developed country benchmark
7%
Nepal's 2040 target
6%
Progress to benchmark
56% of the way there
Direction
Higher is better
Data confidence
High confidenceRegional comparison
Nepal
3.9%
India
8.2%
Bangladesh
5.8%
SriLanka
8.3%
Benchmark7%