Nepal: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Nepal |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -4.30 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2000 - 2023 |
| Average | -3.31 |
| Min - Max | -6.97 - -0.31 |
| Source | Nepal Rastra Bank |
The latest value from 2023 is -4.3 percent, a decline from -1.1 percent in 2022. In comparison, the world average is -3.18 percent, based on data from 123 countries. Historically, the average for Nepal from 2000 to 2023 is -3.31 percent. The minimum value, -6.97 percent, was reached in 2018 while the maximum of -0.31 percent was recorded in 2016.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 8.49 | 2022 | percent |
| Government spending, in dollars | 2.72 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -4.30 | 2023 | percent |
| Government debt | 42.90 | 2023 | percent |
| Tax revenue | 17.49 | 2021 | percent |
| Commercial tax rate | 41.80 | 2019 | percent |
| Tax preparation time | 377 | 2019 | hours |
| Number of taxes | 46 | 2019 | taxes |
| Taxes on goods and services | 39.27 | 2021 | percent |
| Taxes on international trade | 19.87 | 2021 | percent |
| Income and profits taxes | 24.59 | 2021 | percent |
| Foreign aid | 1,567.43 | 2021 | million U.S. dollars |