Economy
Remittances (% of GDP)
26.1%
Latest data: 2023
19
out of 100 — Early stage
0.2% per year
5-year average trend
What this means
Remittances as percentage of GDP. Nepal's extreme dependence (~25-27% of GDP) shows the economy has not created enough domestic employment. Reducing this means Nepal is producing more at home.
Historical data & projections to 2040
2008–2023Current trend
38.32%
by 2040
Moderate reform (+25%)
42.12%
by 2040
Aggressive reform (+50%)
46.28%
by 2040
Stagnation (-50%)
31.66%
by 2040
Historical data
| Year | Value | Source |
|---|---|---|
| 2023 | 26.1% | World Bank Open Data |
| 2022 | 22.6% | World Bank Open Data |
| 2021 | 22.5% | World Bank Open Data |
| 2020 | 23.5% | World Bank Open Data |
| 2019 | 25.4% | World Bank Open Data |
| 2018 | 27.9% | World Bank Open Data |
| 2015 | 29.2% | World Bank Open Data |
| 2010 | 22.2% | World Bank Open Data |
| 2008 | 18.6% | World Bank Open Data |
At a glance
Developed country benchmark
5%
Nepal's 2040 target
12%
Progress to benchmark
19% of way there
Direction
Lower is better
Data confidence
high confidence
Regional comparison
Nepal
26.1%
India
3.4%
Bangladesh
5.2%
Pakistan
8.8%
Benchmark5%