The National Statistics Office (NSO) has estimated that Nepal’s economy expanded by 4.7 percent year-on-year in the fourth quarter (mid-April to mid-July) of last fiscal year 2024/25.
According to preliminary estimates released on October 12, 2025, the country’s seasonally unadjusted quarterly gross domestic product (GDP) at basic prices grew 4.7 percent compared to the same period last year.
All 18 industrial sectors are estimated to have recorded positive growth during the period. But, the NSO attributed the growth mainly to increased financial and insurance activities, electricity generation and distribution and surge in transportation and communication activities.
The financial and insurance sector led with an estimated growth rate of 16.2 percent, followed by electricity production and distribution (14.0 percent) and transport and storage (10.1 percent).
The agriculture, forestry, and fishing sector — the largest contributor to the economy — grew by 2.8 percent, supported by a moderate increase in the production of winter crops, vegetables, and cash crops, NSO said.
Similarly, the wholesale and retail trade sector is estimated to have expanded 5.7 percent, driven by increased domestic output of food, agriculture, and trade-related goods, along with higher imports of major tradable commodities.
By contrast, mining and quarrying, water and waste management, and manufacturing sectors posted only marginal growth. The mining and quarrying sector rose 0.4 percent, manufacturing 1.5 percent, and water supply, sewerage, and waste management 1.9 percent.
On a quarter-on-quarter basis, seasonally adjusted data show that GDP at basic prices rose 1.4 percent in the fourth quarter. Out of the 18 sectors, 16 were estimated to record positive growth, while manufacturing, and information and communication sectors contracted 0.4 percent and 3.6 percent, respectively.
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