Nepal

Economic activity rebounded strongly in FY2017, growing 7.5 percent following two challenging years. Rice production reached a record high at 5.2 million tons following one of the best monsoons. Industry growth was high, with a record-high addition of hydropower capacity and construction as earthquake reconstruction following the devastating 2015 earthquake gathered speed. Growth in the service sector was helped by the trade and hotel subsectors normalizing after the shocks of the previous two years.