Economic growth of 4.61% in FY 2024/25
Summary
Nepal's economy grew by 4.61% in FY 2024/25 with decreased inflation and increased foreign exchange reserves and remittances. Agriculture, industry, and services sectors showed positive growth, and tourist arrivals rose slightly.
Key Points
- Nepal's economic growth rate increased to 4.61% in FY 2024/25 from 3.67% in the previous year.
- Annual average inflation decreased to 4.06% in 2024/25 from 5.44% the previous year.
- Balance of Payments surplus rose to Rs 594.54 billion, with imports and exports increasing dramatically.
- Remittances grew by 19.2% in NPR terms, and tourist arrivals increased by 1.7% to over 1.14 million in 2024/25.
