Government Estimates Real Estate Sector Contribution to GDP Above 8%
Summary
The government estimates that the real estate transaction sector contributed over 8% to Nepal's GDP in the fiscal year 2082/83, with a growth rate of 2.69%.
Key Points
- The real estate transaction sector's contribution to GDP is estimated at 8.07% for the fiscal year 2082/83.
- Value addition in the sector is expected to increase by 2.69%, slightly lower than the previous year's 2.77%.
- The growth is driven by a slight rise in real estate transactions and significant increases in private housing and rental activities.
- The sector has maintained an average annual GDP contribution of 8.63% and a growth rate of 2.65% over the past decade.
