Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s economy is projected to expand to Rs 6.6 trillion by the end of the current fiscal year 2082/83 (2025/26), with an estimated economic growth rate of 3.85%, according to fresh data released by the National Statistics Office Nepal on Tuesday.
The latest projection shows a steady expansion of Nepal’s gross domestic product (GDP), reflecting gradual recovery amid macroeconomic adjustments and structural constraints in the economy.
GDP Size Continues Upward Trend
The Gross Domestic Product (GDP) is estimated to reach Rs 6.6 trillion in the current fiscal year, up from a revised estimate of Rs 6.199 trillion in FY 2081/82.
The economy had previously stood at Rs 5.76 trillion in FY 2080/81, indicating a consistent upward trajectory in Nepal’s economic size over the past three years.
Growth Rate Estimates
The statistics office has projected that Nepal’s economic growth will reach:
3.68% at basic prices, and3.85% at consumer prices
This marks a moderate growth outlook compared to previous years. The revised estimate for FY 2081/82 shows 3.80% growth at basic prices, while FY 2080/81 recorded 3.38% economic growth.
At consumer prices, the growth rate for FY 2081/82 is estimated at 4.43%, slightly higher than the current year’s projection, indicating some normalization following earlier inflationary pressures.
Sectoral Performance: Agriculture vs Non-Agriculture
The data highlights diverging performance between Nepal’s key economic sectors:
Agriculture sector is projected to grow by 1.58% in FY 2082/83, significantly lower than the 3.05% growth recorded in FY 2081/82.Non-agriculture sector is expected to grow by 4.54%, up from 4.12% in the previous fiscal year.
Historically, in FY 2080/81, agriculture grew by 3.10%, while non-agriculture sectors expanded by 3.49%, reflecting a gradual shift toward services, industry, and urban-driven economic activities.
The latest projections indicate that Nepal’s economy is maintaining moderate but stable growth, supported largely by non-agricultural sectors such as services, construction, and financial activities. However, the slowdown in agricultural growth remains a concern, given the sector’s significant contribution to employment and rural livelihoods.
Economists note that while the expansion to Rs 6.6 trillion underscores resilience, the sub-4% growth rate suggests underlying structural challenges, including low capital expenditure, import dependency, and external sector vulnerabilities.
The government is expected to rely on policy reforms, infrastructure investment, and private sector engagement to accelerate growth momentum and improve productivity across sectors in the coming fiscal cycles.
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
