Kathmandu: The government has projected Nepal’s economy to reach Rs 66.09 trillion in the current fiscal year 2025/26 (2082/83 BS), according to the Economic Survey presented in the federal parliament by Finance Minister Swarnim Wagle.
The survey estimates Nepal’s economic growth rate at 3.85 percent this fiscal year, reflecting the impact of global uncertainty and ongoing international conflicts on the economy. This marks a slowdown compared to the previous fiscal year, when the economy expanded by 4.43 percent.
One of the defining features of Nepal’s economy continues to be its heavy reliance on consumption. Consumption spending is estimated to account for 90.3 percent of the country’s gross domestic product (GDP). Of the total consumption, the private sector contributes the overwhelming majority at 91.26 percent, while the government sector accounts for 6.62 percent and the non-government sector contributes just 2.12 percent.
The structure of Nepal’s economy is also shifting increasingly toward the service sector. Services now contribute 61.81 percent of GDP, while the agriculture sector’s share has declined to 24 percent.
At the provincial level, Bagmati Province remains the country’s largest economic hub, contributing 36.7 percent of total GDP. In contrast, Karnali Province has the smallest share, accounting for only 4.2 percent of the national economy.
The survey further projects Nepal’s average per capita GDP to reach 1,513 US dollars during the current fiscal year. Per capita national income is estimated at 1,535 dollars, while per capita disposable income is expected to reach 2,044 dollars.
However, the report highlights a widening income gap between provinces. Bagmati Province is projected to record the highest per capita income at 2,644 dollars, while Madhesh Province is expected to remain at the bottom with per capita income estimated at just 934 dollars.
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