Nepal: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Nepal

Trade balance as percent of GDP

 Latest value -35.88
 Year 2022
 Measure percent
 Data availability 1965 - 2022
 Average -13.08
 Min - Max -35.88 - -0.08
 Source The World Bank
The latest value from 2022 is -35.88 percent, a decline from -32.82 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for Nepal from 1965 to 2022 is -13.08 percent. The minimum value, -35.88 percent, was reached in 2022 while the maximum of -0.08 percent was recorded in 1967. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Nepal - Trade balance, percent of GDP - Recent values chart

Historical series
Nepal - Trade balance, percent of GDP - historical chart - 1965-2022




The trade balance for Nepal and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 106.69 2021 percent
 Trade openness 41.64 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 6.96 2023 percent
 Exports, billion dollars 2.85 2023 billion U.S. dollars
 Growth of exports 3.26 2023 percent
 Imports, percent of GDP 34.68 2023 percent
 Imports, billion dollars 14.19 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.16 2022 percent
 Foreign Direct Investment, billion dollars 0.07 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 1994 million dollars (current)
 Current account, percent of GDP -12.89 2022 percent
 Current account, in dollars 0.94 2023 billion U.S. dollars
 Trade balance, percent of GDP -35.88 2022 percent
 Trade balance, in dollars -11.10 2023 billion U.S. dollars
 Reserves 12.46 2023 billion U.S. dollars
 Remittances, percent of GDP 26.89 2023 percent
 Remittances 11,000.00 2023 million U.S. dollars
 Net errors and omissions 875.66 2023 million USD
 External debt 22.26 2022 percent
 Short-term external debt 3.52 2022 percent
 Short-term debt to reserves 3.45 2022 percent
 Foreign exchange reserves 1,794.27 4/2024 billion
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