Goods and services expense in Nepal
Nepal: Goods and services expense was 50.39 billion current LCU in 2023. ▲ Rising
Goods and services expense in Nepal, 2010–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, goods and services expense in Nepal stood at 50.39 billion current LCU.
Compared with earlier readings it is up 36.8% on the previous year and up 116.4% over ten years.
Over the whole period, goods and services expense in Nepal peaked at 62.85 billion current LCU in 2018 and was at its lowest, 19.38 billion current LCU, in 2010.
That places Nepal 72nd out of 155 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Goods and services expense in Nepal, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | 19.38 billion current LCU | — |
| 2011 | 27.13 billion current LCU | +40.0% |
| 2012 | 23.75 billion current LCU | -12.5% |
| 2013 | 23.29 billion current LCU | -2.0% |
| 2014 | 29.95 billion current LCU | +28.6% |
| 2015 | 31.82 billion current LCU | +6.3% |
| 2016 | 44.59 billion current LCU | +40.1% |
| 2017 | 57.13 billion current LCU | +28.1% |
| 2018 | 62.85 billion current LCU | +10.0% |
| 2019 | 38.45 billion current LCU | -38.8% |
| 2020 | 34.75 billion current LCU | -9.6% |
| 2021 | 36.85 billion current LCU | +6.0% |
| 2023 | 50.39 billion current LCU | +36.8% |
Nepal compared with similar countries
- Nepal's 50.39 billion current LCU is above the median for lower middle income countries, which is 33.45 billion current LCU, 1.5× the median. (36 countries reporting)
- Nepal's 50.39 billion current LCU is below the median for South Asia, which is 175.05 billion current LCU, 29% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 35.83 billion current LCU | 19.38 billion current LCU | 62.85 billion current LCU | 10 |
| 2020s | 40.67 billion current LCU | 34.75 billion current LCU | 50.39 billion current LCU | 3 |
Countries ranked near Nepal
- 69 Guinea-Bissau 57.26 billion current LCU compare
- 70 Kyrgyzstan 53.87 billion current LCU compare
- 71 Central African Republic 51.58 billion current LCU compare
- 73 Canada 43.95 billion current LCU compare
- 74 Peru 39.31 billion current LCU compare
- 75 Malaysia 37.67 billion current LCU compare
More public sector data for Nepal
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is goods and services expense in Nepal?
- Goods and services expense in Nepal was 50.39 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Nepal?
- The highest recorded value was 62.85 billion current LCU in 2018.
- What is the lowest goods and services expense recorded in Nepal?
- The lowest recorded value was 19.38 billion current LCU in 2010.
- How does Nepal rank for goods and services expense?
- Nepal ranks 72nd out of 155 countries with data for 2023.
- Is goods and services expense rising or falling in Nepal?
- Over the last ten years it is up 116.4%. The long-run trend across the full record is rising.
- Where does this Nepal data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.