External Sector
Prices & Fiscal
Banking & Liquidity
Nepal's macroeconomic indicators reflect the latest official data published by Nepal Rastra Bank. Gross foreign exchange reserves currently stand at NPR 3.90T, serving as a critical buffer for merchandise imports and maintaining the currency peg. Remittance inflows, the primary driver of domestic consumption, are recorded at NPR 2,363.13B.
On the fiscal and pricing front, consumer price inflation (CPI) is tracked at 5.14%, while total outstanding government debt has reached NPR 2,974.90B. In the banking sector, liquidity conditions are signaled by an interbank rate of 2.75% and a credit-to-deposit (CD) ratio of 70.76%.
Historical Data by Year (Fiscal Year-End, Mid-July)
| Indicator | 2026 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|---|
| External Sector | ||||||
| Foreign Exchange Reserves | NPR 3.90T | NPR 2.68T | NPR 2.04T | NPR 1.54T | NPR 1.22T | ▲ 45.6% |
| USD Reserves | $25.31B | $19.50B | - | - | - | ▲ 29.8% |
| Remittance Inflows | NPR 2,363.13B | NPR 1,723.65B | NPR 1,445.32B | NPR 1,220.55B | - | ▲ 37.1% |
| Trade Deficit | NPR 1,781.09B | NPR 1,527.52B | - | - | - | ▲ 16.6% |
| Balance of Payments | NPR 1,027.04B | NPR 594.54B | - | - | - | ▲ 72.7% |
| Prices & Fiscal | ||||||
| Inflation (CPI) | 5.14% | 2.20% | - | - | - | ▲ 133.6% |
| Government Debt | NPR 2,974.90B | - | - | - | - | - |
| Banking & Liquidity | ||||||
| Total Bank Deposits | NPR 8.28T | NPR 7.26T | - | - | - | ▲ 13.9% |
| Total Bank Lending | NPR 5.86T | NPR 5.50T | - | - | - | ▲ 6.5% |
| CD Ratio | 70.76% | 75.69% | - | - | - | ▼ 6.5% |
| Interbank Rate | 2.75% | 2.96% | - | - | - | ▼ 7.1% |
As of 2025, Nepal's economy - valued at roughly $45.5B with 29.6M people - recorded real GDP growth of 4.4%. The country held $21.1B in foreign reserves while consumer-price inflation ran at 2.7%.
Compared with the South Asian average, Nepal's inflation stood at 2.7% versus 3.1% regionally, and GDP growth at 4.4% versus 7.1% for South Asia.
View Year-by-Year Data Table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | YoY |
|---|---|---|---|---|---|---|---|
| Remittances (% of GDP) | - | 26.0% | 26.2% | 22.9% | 22.3% | 24.3% | - |
| Foreign Exchange Reserves | $21.1B | $15.8B | $12.5B | $9.3B | $9.6B | $11.5B | ▲ 33.2% |
| Inflation Rate (CPI) | 2.7% | 4.7% | 7.1% | 7.7% | 4.1% | 5.1% | ▼ 43.4% |
| GDP Growth (Annual) | 4.4% | 3.7% | 2.0% | 5.6% | 4.8% | -2.4% | ▲ 20.5% |