Macroeconomic variables of Nepal [2020/2021]

Introduction to Macroeconomic Variables

Macroeconomic variables are those economic indicators which indicates the current trends of the economy. In simpler terms, macroeconomic variables are those phenomenon, patterns or conditions that reflect or relate a large aspect of an economy. Such variables preview the overall performances of an economy.

Introduction to Nepal and Nepalese Economy

Nepal is a country in Southeast Asia bordered by two huge economy, India and China. Nepal has federal parliamentary republic government system. It is located in the lap of great mountain range, Himalaya.

Nepal has a mixed economic system with majority of population engaged in subsistence Agriculture. Recently, Nepal has been graduated as a developing nation from a Least Developed Country (LDC).

Nepalese Demographics

NameNepal
CapitalKathmandu
NationalityNepalese
Population29.14 million
Area147,516 square kilometer
Economic System Mixed Economy
Political SystemFederal Parliamentary Republic System
Major ReligionHinduism

Macroeconomic Variable of Nepal

Macroeconomic variables are the reflectors of any economy. They indicate how the economy is behaving and where it stands in the world scenario. Some of the major macroeconomic variable related to Nepal are as presented;

IndicatorsRank/Index/Percentage/AmountYear
Gross Domestic Product (GDP)$ 33.98 billion2020
Inflation Rate4.52 %2021
Unemployment Rate4.44 %2020
Gross National Product (GNP)$ 36.347 billion2021
Total Export$ 0.82 billion2020
Total Import$ 9.86 billion2020
Current Account$ 217.6 million [Surplus]2020
Balance of Payment$ 566.2 million [Surplus]2020
GDP Annual Growth Rate-2.1 %2020
Social Progress Index54.1/100 and 95th Rank2020
Per Capita Index (PCI)index$11552020
Per Capita Debt$ 4932020
Human Development Index (HDI)0.587 and 142th Rank2020
Human Happiness Index (HHI)87th Rank2020
Ease of Doing Business94th2020
Multidimensional Poverty Index17.4 %2020
Economic Growth Rate-2.1 % [Covid-19 Crisis]2020
Net Foreign Direct investmentRs. 1.96 billion2020
Inward Remittance$ 2.63 billion2021

Reference

  1. Nepal Rastra Bank
  2. IMF

ECONOMIC DEVELOPMENT OF NEPAL: CHALLENGES

NEPAL STOCK EXCHANGE NEPSE

DEVELOPMENT BANKS IN NEPAL

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