Nepal

GDP growth is estimated at 7.1 percent in FY2019, marking three consecutive years of over six percent growth. On the supply side, growth was driven by the services sector, particularly, retail, hotel, and restaurant subsectors, which received a boost from an uptick in tourist arrivals and remittance-fueled private consumption. The agricultural sector contributed an additional 1.6 percentage points to growth, supported by good monsoons and increased commercialization and availability of agricultural inputs. On the demand side, private investment and consumption were the main drivers, contributing 4.9 percentage points each to overall growth.