The economic growth rate has increased and inflation has decreased in the last Fiscal Year 2024/25 as compared to the previous fiscal year.
Nepal Rastra Bank (NRB) stated this in its report entitled Current Macroeconomic and Financial Situation of Nepal (Based on Annual Data (Mid-July 2025 of 2024/25) which was issued today.
According to the central bank, the economic growth rate for 2024/25 has been estimated to be 4.61 percent. In the previous year the economic growth rate was 3.67 percent.
Agriculture, industry and service sectors are estimated to grow 3.28 percent, 4.53 percent and 4.21 percent respectively. The share of agriculture, industry and service sectors in GDP stands 25.16 percent, 12.83 percent and 62.01 percent respectively in 2024/25.
Gross domestic saving to GDP stands 6.55 percent in 2024/25. Ratio of gross fixed capital formation and gross national saving to GDP stands 24.07 percent and 36.24 percent respectively.
Annual average Inflation remained 4.06 percent in 2024/25. In the previous year annual average inflation was 5.44 percent.
The y-o-y consumer price inflation stood at 2.20 percent in mid-July 2025 compared to 3.57 percent a year ago.
Under the food and beverage category, the annual average consumer price index of vegetable sub-category increased 10.71 percent, ghee and oil 8.72 percent, pulses and legumes 7.90 percent and cereal grains and their products 6.13 percent while the annual average consumer price index of spices decreased 2.62 percent and meat and fish 0.34 percent.
The annual average non-food and services category inflation stood at 3.71 percent in 2024/25 compared to 4.64 percent a year ago. The y-o-y non-food and services category inflation stood at 4.12 percent in mid-July 2025 compared to 3.26 percent a year ago.
The NRB report stated that Balance of Payments remained at a surplus of Rs 594.54 billion compared to a surplus of Rs 502.49 billion last year.
Imports and exports increased 13.3 percent and 81.8 percent respectively. In the previous year, imports and exports decreased 1.2 percent and 3.0 percent respectively.
Remittances increased 19.2 percent in NPR terms and 16.3 percent in USD terms. During mid-June to mid-July 2025 remittance inflows stood at Rs. 189.11 billion, according to the report.
Gross foreign exchange reserves stood at 19.50 billion in USD terms. It is stated that this level of foreign exchange reserve is sufficient to cover merchandise and services imports for 15.4 months.
The broad money (M2) increased 12.5 percent in 2024/25. In the previous year M2 increased 12.9 percent.
Deposits at BFIs increased 12.6 percent amounting to Rs 7, 264 billion while private sector credit increased 8.4 percent amounting to Rs 5. 498 billion in 2024/25.
The installed capacity of electricity increased to 3, 591 Megawatt in 2024/25, which consists of 3, 390 Megawatt from hydroelectricity.
The total number of tourist arrivals increased by 1.7 percent to 1,147,834 in 2024/25.
