Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s economy expanded by 4.8pc in the third quarter of the current fiscal year 2081/82, according to preliminary estimates published by the National Statistics Office. This marks a notable improvement compared to the same period last fiscal year.
The report shows positive growth across all 18 major industrial sectors, with electricity production and distribution leading at 12.5pc growth, followed by construction (6.9pc), financial and insurance services (6.7pc), and mining and quarrying (6.7pc).
Other key contributors include:
Information and communication: 6.6pc
Transport and storage: 6.3pc
Manufacturing: 6.2pc
Commerce: 5.6pc
Agriculture: 3.6pc, boosted by improved winter crop, vegetable, and cash crop yields
Despite the overall positive trend, some service sectors showed weak growth, including:
Education: 2.3pc
Water supply and waste management: 2.4pc
Accommodation and food services: 2.5pc
Seasonally Adjusted Growth Slows While year-on-year growth was strong, seasonally adjusted quarter-on-quarter growth stood at only 0.6%, showing signs of economic sluggishness.
Transport and storage shrank by -3.3pc
Financial and insurance services: -1.6pc
Accommodation and food services: -0.8pc
Economists say the 4.8% annual growth is encouraging, but the mild seasonal growth indicates that recovery momentum remains slow, requiring targeted policy measures in upcoming quarters.
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