Macroeconomic Update Nepal
Asian Development Bank | April 2019
Abstract
Gross domestic product (GDP) growth edged down to an estimated 6.3% in fiscal year 2018 (FY2018, ended 16 July 2018) from 7.9% in fiscal year 2017 that accelerated from a low base (Figure 1). Floods of August 2017 crimped paddy production by 1.5% compared to the previous year. Manufacturing grew by 8.0%, though down from 9.7% a year earlier, on increased availability of electricity. Construction grew at a sustained pace with the sub-sector taking off at sub-national levels and the renewed acceleration of post-earthquake reconstruction. Several small sized hydropower projects commenced operation, raising the installed electricity capacity by 10.5% in FY2018 (Figure 2). Tourists’ arrival (Figure 3) increased favoring the expansion of hotels and restaurants and travel and communication services as the economy recovered from the 2015 earthquakes and the September 2015 –February 2016 trade and supply disruptions, further bolstered by the prospects of a more stable socio-political environment.
Citation
Asian Development Bank. 2019. Macroeconomic Update Nepal. © Asian Development Bank. http://hdl.handle.net/11540/9964. License: CC BY 3.0 IGO.Keywords
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Results-Based Monitoring And Evaluation
Project Evaluation & Review Technique
Project Evaluation
Program Evaluation
Performance Evaluation
Operations Evaluation
Evaluation Methods
Evaluation
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Project impact
Development projects
Program management
Performance appraisal
Project appraisal
Technology assessment
Economic indicators
Growth models
Gross domestic product
Macroeconomics
Economic forecast
Exports
Exports
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
Cumulative effects assessment
Grievance procedures
Participatory monitoring and evaluation
Exchange rate
Economic development projects
Economic policy
Economic forecasting
Exchange rates
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