Nepal's GDP composition in 2023 showed a predominant reliance on the agriculture sector, contributing 31.64% to the overall GDP. Services followed closely at 30.01%, while wholesale, retail trade, restaurants, and hotels accounted for 16.1%. The transport, storage, and communication sector provided 8.08%, with mining, manufacturing, and utilities at 7.34%, and construction at 6.82%.
In recent years, the agriculture sector's share has gradually declined, whereas services and trade sectors have exhibited growth, corresponding to changes in Nepal's economic structure towards a more service-oriented economy. The CAGR over the last five years has illustrated these trends, indicating a shift from traditional agriculture to modern industries and services.
Future trends to watch include:
- Continued growth in the services sector as digital infrastructure improves.
- Potential agricultural innovations enhancing productivity.
- Expansion in construction driven by infrastructure development projects.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Agriculture, hunting, forestry, fishing | 31.64 | 2016 | |
| 2 | 2 Services | 30.01 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 16.1 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.08 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 7.34 | 2016 | |
| 6 | 6 Construction | 6.82 | 2016 |
