Nepal Per Capita Income Expected to Reach USD 1,517 in FY 2082/83

Kathmandu: According to the latest data from the National Statistics Office (NSO), Nepal per capita income is expected to reach USD 1,517 in the current fiscal year (FY 2082/83). This represents a USD 50 increase from the previous year, signaling steady economic growth.

At the end of FY 2081/82, Nepal’s per capita income stood at USD 1,467, which had increased by USD 57 compared to the year before. Economists say this rise reflects gradual improvement in living standards across Nepal.

Read more about Nepal’s economic indicators

Key Factors Driving Nepal Per Capita Income Growth

Several factors have contributed to the growth in Nepal per capita income. These include:

• Increased remittances from Nepali workers abroad.

• Growth in the service and tourism sectors.

• Government policies targeting local industry development.

• Gradual recovery of the domestic economy after the pandemic, boosting household incomes.

Experts note that although the increase is modest, it reflects positive momentum in Nepal’s fiscal stability. They emphasize the importance of sustainable economic reforms to maintain long-term growth.

Explore Nepal’s fiscal policies and reforms

Regional Comparison of Nepal Per Capita Income

Compared to other South Asian countries, Nepal’s per capita income remains below the regional average. However, international organizations such as the World Bank and Asian Development Bank recognize Nepal’s consistent progress. Analysts suggest that continued investment in infrastructure, education, and digitalization could further accelerate income growth.

World Bank Data on Nepal’s Economy