The Central Bureau of Statistics (CBS) Nepal publishes initial national accounts estimate of Nepal for FY 2020-21 on April 30, 2021, through a press release 2021. According to the estimates of CBS, real output is estimated to grow by 4.01 percent in 2020-21. It was contracted by 2.09 percent in the year 2019-20. Considering the basic price, it is estimated to grow by 3.98 percent in 2020-21 as compared to a contraction by 2.12 percent in the year 2019-20.
The following graph shows the estimated GDP growth rate at purchasers’ prices.
Other major estimates are presented in the table given below.
| Sectoral Growth Performance | ||
| Sector | Growth in FY 2020-21 | Growth in FY 2019-20 |
| Agriculture Sector | 2.8% | 2.1% |
| Industrial Sector | 4.9% | -3.8% |
| Service Sector | 4.4% | -4% |
| Sectoral Contribution to GDP of Nepal | ||
| Primary Sector | 26% | 27% |
| Secondary Sector | 13% | 13% |
| Tertiary Sector | 61% | 60% |
| Other Macroeconomic Indicators | ||
| Gross Domestic Product (GDP) Purchaser’s Price (million) | 4,266,321 | 3,914,701 |
| Nominal Per capita GDP (US $) | 1191 | 1126 |
| Final consumption expenditure as % of GDP | 93.38% | 93.65% |
| Gross domestic saving as % of GDP | 6.62% | 6.35% |
| Gross fixed capital formation as % of GDP | 27.26% | 28.43% |
| Exports of goods and services as a percentage of GDP | 5.08% | 6.67% |
| Imports of goods and services as a percentage of GDP | 32.83% | 33.89% |
| Workers’ Remittances as a percentage of GDP | 22.28% | 22.35% |
| Sources: CBS 2021 |
This estimate is based on the following assumptions
- COVID pandemic will not affect more on the economy of Nepal
- All economic activities will operate in normal condition after two weeks
- Accommodation and food service activity may take more time to operate in normal condition.
Further details are available here