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Economy of Nepal vs Slovakia compared: GDP & Debt

Updated on by Georank

Nepal has a GDP of $45.5B compared to $155B for Slovakia, ranking 102/197 and 60/197 by economy size, respectively.

Nepal has $21.9B in government debt (48.1% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Nepal vs Slovakia GDP by year

Nepal
Slovakia
1x
Year GDP, current $
Nepal Slovakia
2025 $45,489,810,283 $154,530,066,507
2024 $43,298,911,700 $140,934,076,532
2023 $41,049,329,851 $133,578,518,424
2022 $41,182,939,520 $115,792,972,358
2021 $36,924,841,394 $120,511,265,913
2020 $33,433,659,301 $107,732,602,896
2019 $34,186,180,699 $105,843,498,304
2018 $33,111,525,237 $106,611,673,365
2017 $28,971,588,940 $95,978,130,735
2016 $24,524,109,484 $90,347,173,229
2015 $24,360,801,287 $89,178,548,717
2014 $22,731,612,922 $101,713,075,599
2013 $22,162,204,925 $99,134,277,850
2012 $21,703,100,877 $94,724,394,278
2011 $21,573,872,421 $99,705,104,723
2010 $16,002,656,434 $91,112,160,801
2009 $12,854,985,464 $89,342,984,698
2008 $12,545,438,605 $96,685,492,864
2007 $10,325,618,017 $77,019,443,089
2006 $9,043,715,356 $57,111,148,619
2005 $8,130,258,378 $48,823,790,951
2004 $7,273,938,315 $42,960,730,480
2003 $6,330,473,097 $33,761,723,946
2002 $6,050,875,807 $24,768,142,566
2001 $6,007,055,042 $21,377,597,035
2000 $5,494,252,208 $20,626,538,612
1999 $5,033,642,384 $20,813,421,086
1998 $4,856,255,044 $22,911,708,405
1997 $4,918,691,917 $22,026,728,498
1996 $4,521,580,381 $21,864,845,214
1995 $4,401,104,418 $20,306,095,054
1994 $4,066,775,510 $16,187,735,322
1993 $3,660,041,667 $13,991,963,247
1992 $3,401,211,581 $12,932,972,789
1991 $3,921,476,085 $11,952,983,608
1990 $3,627,560,239 $17,068,924,602
1989 $3,525,225,787 -
1988 $3,487,009,748 -
1987 $2,957,255,380 -
1986 $2,850,782,044 -
1985 $2,619,913,956 -
1984 $2,581,207,388 -
1983 $2,447,174,803 -
1982 $2,395,423,742 -
1981 $2,275,583,317 -
1980 $1,945,916,583 -
1979 $1,851,250,008 -
1978 $1,604,162,497 -
1977 $1,382,400,000 -
1976 $1,452,788,985 -
1975 $1,575,789,254 -
1974 $1,217,953,547 -
1973 $972,101,725 -
1972 $1,024,098,400 -
1971 $882,765,472 -
1970 $865,975,309 -
1969 $788,641,965 -
1968 $772,231,387 -
1967 $841,974,025 -
1966 $906,811,944 -
1965 $735,267,082 -
1964 $496,098,775 -
1963 $496,947,904 -
1962 $574,091,101 -
1961 $531,959,562 -
1960 $508,334,414 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/nepal/slovakia | CC BY

GDP per capita in Nepal vs Slovakia by year

Nepal
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nepal Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,536 - $28,544 -
2024 $1,460 $5,737 $25,993 $48,132
2023 $1,382 $5,395 $24,615 $45,974
2022 $1,386 $5,103 $21,318 $41,562
2021 $1,253 $4,546 $22,123 $38,346
2020 $1,154 $4,236 $19,735 $35,328
2019 $1,203 $4,261 $19,406 $33,986
2018 $1,179 $3,956 $19,573 $31,510
2017 $1,034 $3,605 $17,646 $30,246
2016 $877 $2,976 $16,636 $29,868
2015 $876 $2,957 $16,442 $30,148
2014 $821 $2,901 $18,771 $29,108
2013 $803 $2,658 $18,313 $28,075
2012 $788 $2,466 $17,517 $27,023
2011 $786 $2,248 $18,469 $26,202
2010 $585 $2,139 $16,899 $25,382
2009 $473 $2,029 $16,587 $23,077
2008 $465 $1,942 $17,974 $23,714
2007 $385 $1,809 $14,330 $21,232
2006 $340 $1,718 $10,629 $18,906
2005 $309 $1,628 $9,087 $16,570
2004 $279.6 $1,542 $7,997 $15,166
2003 $246.4 $1,453 $6,283 $14,088
2002 $238.9 $1,390 $4,606 $13,292
2001 $240.8 $1,388 $3,974 $12,367
2000 $223.8 $1,317 $3,828 $11,370
1999 $208.6 $1,234 $3,857 $10,726
1998 $205.1 $1,187 $4,250 $10,666
1997 $211.8 $1,162 $4,092 $10,137
1996 $198.8 $1,110 $4,069 $9,500
1995 $197.8 $1,058 $3,787 $8,812
1994 $187.3 $1,026 $3,028 $8,178
1993 $172.8 $952 $2,627 $7,569
1992 $165 $920 $2,438 $7,270
1991 $195.7 $889 $2,254 $7,623
1990 $185.8 $830 $3,221 $8,638
1989 $185 - - -
1988 $187.1 - - -
1987 $162 - - -
1986 $159.5 - - -
1985 $149.9 - - -
1984 $151.1 - - -
1983 $146.6 - - -
1982 $147 - - -
1981 $142.9 - - -
1980 $125.1 - - -
1979 $121.9 - - -
1978 $108.1 - - -
1977 $95.3 - - -
1976 $102.5 - - -
1975 $113.6 - - -
1974 $89.8 - - -
1973 $73.2 - - -
1972 $78.8 - - -
1971 $69.5 - - -
1970 $69.6 - - -
1969 $64.8 - - -
1968 $64.9 - - -
1967 $72.3 - - -
1966 $79.5 - - -
1965 $65.8 - - -
1964 $45.3 - - -
1963 $46.3 - - -
1962 $54.6 - - -
1961 $51.6 - - -
1960 $50.2 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/nepal/slovakia | CC BY

Nepal's GDP per capita is $1,536, ranking 165/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Nepal ranks 155th at $5,737, while Slovakia ranks 49th at $48,132.

Economic indicators

Nepal Slovakia
Gross domestic product
$45.5B
2025
$155B
2025
GDP rank
102/197
2025
60/197
2025
GDP growth
4.43%
2024-2025
0.81%
2024-2025
GDP per capita
$1,536
2025
$28,544
2025
GDP per capita rank
165/197
2025
46/197
2025
GDP per capita, PPP
$5,737
2024
$48,132
2024
GDP per capita PPP rank
155/197
2024
49/197
2024
Government debt
$21.9B
2025
$95.3B
2025
Debt-to-GDP ratio
48.1%
2025
61.6%
2025
Government debt per person
$740
2025
$17,597
2025
Government debt per person rank
154/185
2025
36/185
2025
Average annual personal income after taxes
$1,743
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires
2
2026
2
2026
Income share by richest 10%
24.2%
2022
18.8%
2023
Income share by poorest 10%
3.7%
2022
3.3%
2023
Government expenditure, % of GDP
21.8%
2025
48.7%
2025
Consumer prices inflation
2.65%
2024-2025
4%
2024-2025
Unemployment rate
10.7%
2017
5.4%
2025
Population
29619950
5376239

Spending and national debt comparison by year

Nepal
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Nepal Slovakia
Government spending Government debt Government spending Government debt
2025 21.8% 48.1% 48.7% 61.6%
2024 21.8% 48.3% 47.5% 59.7%
2023 25.1% 47% 48.2% 55.8%
2022 26.1% 42.7% 43.1% 57.8%
2021 27.2% 43.3% 44.8% 60.2%
2020 28.5% 43.3% 44.5% 58.4%
2019 27.1% 34% 40.6% 48%
2018 28% 31.1% 39.7% 49.3%
2017 23.6% 25% 39.8% 51.4%
2016 19% 25% 40.9% 52.1%
2015 17.7% 25.7% 44.1% 51.6%
2014 16.6% 27.6% 42% 53.4%
2013 15.5% 31.9% 41.1% 54.6%
2012 16.8% 34.5% 40% 51.7%
2011 16.3% 32.4% 40.8% 43.3%
2010 16.5% 35.4% 41% 40.7%
2009 17% 39.5% 43.2% 36.4%
2008 13.4% 36.8% 36.5% 28.6%
2007 13.1% 37.9% 35.9% 30.4%
2006 11.2% 42.9% 38.2% 31.5%
2005 12% 45.1% 39.1% 35%
2004 11.8% 51.3% 38.4% 42%
2003 12% 53% 40% 43.6%
2002 13% 51.8% 46% 45.6%
2001 12.9% 50.8% 46.2% 51.4%
2000 11.4% 50.8% 53.2% 50.6%
1999 - - 48.4% 47.1%
1998 - - 46.2% 33.9%
1997 - - 48.6% 32.8%
1996 - - 52.8% 30.3%
1995 - - 47.8% 21.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/nepal/slovakia | CC BY

In 2025, Nepal's government spending was $9.93B, accounting for 21.8% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 48.1% in Nepal and 61.6% in Slovakia, ranking 110/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Nepal

Slovakia
1x
Year Deficit/surplus, % of GDP
Nepal Slovakia
2025 -1.86% -5.02%
2024 -2.46% -5.5%
2023 -5.81% -5.3%
2022 -3.12% -1.56%
2021 -3.98% -5.09%
2020 -7.47% -5.3%
2019 -4.27% -1.21%
2018 -5.83% -1.01%
2017 -2.69% -0.98%
2016 1.2% -2.59%
2015 0.46% -2.78%
2014 1.36% -3.25%
2013 1.57% -2.86%
2012 -1.18% -4.37%
2011 -0.72% -4.36%
2010 -0.67% -7.44%
2009 -2.24% -8.18%
2008 -0.29% -2.54%
2007 -0.67% -2.26%
2006 0.24% -3.57%
2005 0.24% -2.86%
2004 -0.14% -2.36%
2003 -0.34% -2.28%
2002 -2.46% -8.35%
2001 -2.35% -7.74%
2000 -1.48% -12.7%
1999 - -7.25%
1998 - -5.37%
1997 - -6.24%
1996 - -9.72%
1995 - -3.43%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/nepal/slovakia | CC BY

In 2025, Nepal's government deficit, the difference between spending and revenue, was $845M, equivalent to 1.86% of GDP. This compares to Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 26 years, Nepal recorded a fiscal deficit in 20 of those years, while Slovakia ran a deficit in 26 years. On average, Nepal posted an annual deficit equal to 1.73% of GDP, compared to deficit of 4.29% of GDP for Slovakia.

Inflation comparison by year

Inflation
Nepal

Slovakia
1x
Year Consumer prices inflation
Nepal Slovakia
2025 2.65% 4%
2024 4.69% 2.76%
2023 7.12% 10.5%
2022 7.67% 12.8%
2021 4.13% 3.15%
2020 5.06% 1.94%
2019 5.57% 2.66%
2018 4.41% 2.51%
2017 2.78% 1.31%
2016 8.79% -0.52%
2015 7.87% -0.33%
2014 8.36% -0.08%
2013 9.04% 1.4%
2012 9.46% 3.61%
2011 9.23% 3.92%
2010 9.33% 0.96%
2009 11.1% 1.62%
2008 9.91% 4.6%
2007 2.27% 2.76%
2006 6.92% 4.48%
2005 6.84% 2.71%
2004 2.84% 7.55%
2003 5.71% 8.55%
2002 3.03% 3.13%
2001 2.69% 7.33%
2000 2.48% 12%
1999 7.45% 10.6%
1998 11.2% 6.67%
1997 4.01% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/nepal/slovakia | CC BY

Over the past 29 years, Nepal has recorded an average annual inflation rate of 6.3%, compared with 4.44% in Slovakia. In 2025, inflation was 2.65% in Nepal and 4% in Slovakia.

Top exports between countries

Nepal
Export category Export value
Textiles & consumer goods $103K
Precious metals & jewellery $32K
Processed food, beverages & tobacco $9K
Chemicals & pharma $4K
Raw agricultural goods $2K
Machinery & equipment $1K
Metals $1K
Wood & paper products $1K
Slovakia
Export category Export value
Machinery & equipment $221K
Raw materials & minerals $35K
Animal & marine products $22K
Textiles & consumer goods $13K
Chemicals & pharma $8K
Raw agricultural goods $4K
Wood & paper products $1K

Balance of trade

Nepal Slovakia
Current account balance
$1.68B
2024
-$5.6B
2025
Current account balance ranking
47/190
2024
165/190
2025
Current account balance, % of GDP
+3.88%
2024
-3.63%
2025
Goods imports
$12.1B
2024
$117B
2025
Goods exports
$1.54B
2024
$117B
2025
Service imports
$2.27B
2024
$14.3B
2025
Service exports
$1.9B
2024
$14.7B
2025
Imports of goods and services, % of GDP
33.7%
2025
85.2%
2025
Exports of goods and services, % of GDP
8.83%
2025
85.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Nepal Slovakia
Economic freedom 52.9 67.7
Economic freedom ranking 144/197 54/197
Property rights 38.8 82.6
Government integrity 38.9 57.2
Judicial effectiveness 42.9 70.5
Tax burden 84.3 75.4
Government spending 82.1 36.4
Fiscal health 71 69.6
Business freedom 60.8 71.1
Labor freedom 48.2 55.1
Monetary freedom 69.4 69.7
Trade freedom 58.6 79.4
Investment freedom 10 75
Financial freedom 30 70

Economic freedom comparison by year

Nepal
Slovakia
1x
Year Economic freedom index
Nepal Slovakia
2026 52.9 67.7
2025 52.5 68.4
2024 52.1 68.1
2023 51.4 69
2022 49.7 69.7
2021 50.7 66.3
2020 54.2 66.8
2019 53.8 65
2018 54.1 65.3
2017 55.1 65.7
2016 50.9 66.6
2015 51.3 67.2
2014 50.1 66.4
2013 50.4 68.7
2012 50.2 67
2011 50.1 69.5
2010 52.7 69.7
2009 53.2 69.4
2008 54.1 70
2007 54.4 69.6
2006 53.7 69.8
2005 51.4 66.8
2004 51.2 64.6
2003 51.5 59
2002 52.3 59.8
2001 51.6 58.5
2000 51.3 53.8
1999 53.1 54.2
1998 53.5 57.5
1997 53.6 55.5
1996 50.3 57.6
1995 - 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/nepal/slovakia | CC BY

The Economic Freedom Index for Nepal is 52.9, ranking 144/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nepal Slovakia
Services, % of GDP
54.4%
2025
59.8%
2025
Industry, % of GDP
12.1%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
21.6%
2025
1.59%
2025
GNI, Atlas method
$46.5B
2025
$143B
2025
GNI per capita, PPP
$6,250
2025
$47,920
2025
Total reserves including gold
$21.1B
2025
$18.2B
2025
Total reserves ranking
65/177
2025
69/177
2025
Net foreign direct investment
-$56.9M
2024
-$198M
2025
Net inflows of foreign direct investment
$56.9M
2024
$5.01B
2024
Net outflows of foreign direct investment
$0
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
1.22%
2024
n/a
Poverty at national poverty lines
20.3%
2022
13.7%
2021
Gross capital formation, % of GDP
29.4%
2025
20.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/nepal/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.