Asian Development Outlook

The Asian Development Bank has projected Nepal’s economy to grow by 4.3 percent, at market prices, in fiscal year 2023/2024.

The Asian Development Bank (ADB) has projected a 4.1 percent economic growth rate in Nepal in 2023 while inflation is forecast to be at 7.4 percent.

Nepal’s economy is estimated to modestly expand by 4.7% (at market prices) in fiscal year (FY) 2023, down from an estimated growth

Nepal’s economy is anticipated to grow by 4.1 per cent (at market prices) in fiscal year (FY) 2022, up from an estimated growth of 2.3 per cent in FY 2021, says the latest Asian Development Outlook (ADO) 2021 Update.

Nepal’s gross domestic product (GDP) is anticipated to grow by 3.1 per cent in fiscal year 2021 from a contraction of 1.9 per cent in fiscal 2020