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Economy of Nepal vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Nepal has a GDP of $42.9B compared to $552B for the United Arab Emirates, ranking 101/197 and 27/197 by economy size, respectively.

Nepal has $20.7B in government debt (48.3% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Nepal vs United Arab Emirates GDP by year

Nepal
United Arab Emirates
1x
Year GDP, current $
Nepal UAE
2024 $42,914,268,287 $552,324,846,835
2023 $41,047,772,331 $522,622,191,967
2022 $41,182,939,601 $511,403,403,676
2021 $36,924,841,394 $422,441,388,700
2020 $33,433,659,301 $357,161,878,829
2019 $34,186,180,699 $433,926,208,305
2018 $33,111,525,237 $440,560,108,918
2017 $28,971,588,940 $403,365,010,211
2016 $24,524,109,484 $381,717,086,453
2015 $24,360,801,287 $381,973,042,886
2014 $22,731,612,922 $424,935,874,745
2013 $22,162,204,925 $409,632,675,289
2012 $21,703,100,877 $392,793,464,942
2011 $21,573,872,421 $368,881,143,635
2010 $16,002,656,434 $307,736,419,333
2009 $12,854,985,464 $253,547,358,747
2008 $12,545,438,605 $315,474,615,739
2007 $10,325,618,017 $257,916,133,424
2006 $9,043,715,356 $222,116,541,865
2005 $8,130,258,378 $180,617,467,965
2004 $7,273,938,315 $147,824,370,320
2003 $6,330,473,097 $124,346,358,067
2002 $6,050,875,807 $109,816,201,498
2001 $6,007,055,042 $103,311,640,572
2000 $5,494,252,208 $104,337,372,362
1999 $5,033,642,384 $84,445,473,111
1998 $4,856,255,044 $75,674,336,283
1997 $4,918,691,917 $78,839,008,445
1996 $4,521,580,381 $73,571,233,996
1995 $4,401,104,418 $65,743,666,576
1994 $4,066,775,510 $59,305,093,980
1993 $3,660,041,667 $55,625,170,253
1992 $3,401,211,581 $54,239,171,888
1991 $3,921,476,085 $51,552,165,622
1990 $3,627,560,239 $50,701,443,748
1989 $3,525,225,787 $41,464,995,914
1988 $3,487,009,748 $36,275,674,203
1987 $2,957,255,380 $36,384,908,744
1986 $2,850,782,044 $33,943,612,095
1985 $2,619,913,956 $40,603,650,232
1984 $2,581,207,388 $41,807,954,236
1983 $2,447,174,803 $42,803,323,345
1982 $2,395,423,742 $46,622,718,605
1981 $2,275,583,317 $49,333,424,135
1980 $1,945,916,583 $43,599,160,050
1979 $1,851,250,008 $31,225,659,621
1978 $1,604,162,497 $23,775,764,225
1977 $1,382,400,000 $24,871,775,165
1976 $1,452,788,985 $19,213,158,779
1975 $1,575,789,254 $14,720,728,249
1974 $1,217,953,547 $11,651,505,689
1973 $972,101,725 $4,231,243,616
1972 $1,024,098,400 $1,415,086,929
1971 $882,765,472 $939,893,600
1970 $865,975,309 $685,986,701
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/nepal/united-arab-emirates | CC BY

GDP per capita in Nepal vs United Arab Emirates by year

Nepal
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nepal UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,447 $5,737 $50,274 $79,229
2023 $1,382 $5,395 $49,851 $77,955
2022 $1,386 $5,103 $50,760 $75,072
2021 $1,253 $4,546 $44,119 $68,580
2020 $1,154 $4,236 $37,992 $66,791
2019 $1,203 $4,261 $45,939 $79,816
2018 $1,179 $3,956 $47,135 $77,446
2017 $1,034 $3,605 $43,734 $70,282
2016 $877 $2,976 $42,721 $69,987
2015 $876 $2,957 $44,910 $73,986
2014 $821 $2,901 $52,725 $87,478
2013 $803 $2,658 $53,247 $87,526
2012 $788 $2,466 $53,142 $89,198
2011 $786 $2,248 $51,922 $89,665
2010 $585 $2,139 $44,795 $85,120
2009 $473 $2,029 $37,803 $84,780
2008 $465 $1,942 $50,054 $94,628
2007 $385 $1,809 $45,855 $100,813
2006 $340 $1,718 $44,343 $106,814
2005 $309 $1,628 $38,719 $101,301
2004 $279.6 $1,542 $33,377 $98,661
2003 $246.4 $1,453 $29,660 $92,636
2002 $238.9 $1,390 $27,754 $88,467
2001 $240.8 $1,388 $27,745 $90,370
2000 $223.8 $1,317 $29,866 $92,899
1999 $208.6 $1,234 $25,856 $87,658
1998 $205.1 $1,187 $24,889 $90,229
1997 $211.8 $1,162 $27,983 $96,009
1996 $198.8 $1,110 $28,323 $94,620
1995 $197.8 $1,058 $27,003 $93,702
1994 $187.3 $1,026 $25,473 $89,959
1993 $172.8 $952 $25,033 $86,330
1992 $165 $920 $25,648 $87,509
1991 $195.7 $889 $25,691 $87,250
1990 $185.8 $830 $26,710 $88,455
1989 $185 - $23,167 -
1988 $187.1 - $21,570 -
1987 $162 - $23,113 -
1986 $159.5 - $23,132 -
1985 $149.9 - $29,468 -
1984 $151.1 - $32,012 -
1983 $146.6 - $34,650 -
1982 $147 - $39,972 -
1981 $142.9 - $44,854 -
1980 $125.1 - $42,925 -
1979 $121.9 - $34,238 -
1978 $108.1 - $29,379 -
1977 $95.3 - $35,020 -
1976 $102.5 - $31,197 -
1975 $113.6 - $27,117 -
1974 $89.8 - $23,823 -
1973 $73.2 - $9,696 -
1972 $78.8 - $3,675 -
1971 $69.5 - $2,805 -
1970 $69.6 - $2,394 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/nepal/united-arab-emirates | CC BY

Nepal's GDP per capita is $1,447, ranking 164/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Nepal ranks 155th at $5,737, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Nepal UAE
Gross domestic product
$42.9B
2024
$552B
2024
GDP rank
101/197
2024
27/197
2024
GDP growth
3.67%
2023-2024
3.99%
2023-2024
GDP per capita
$1,447
2024
$50,274
2024
GDP per capita rank
164/197
2024
24/197
2024
GDP per capita, PPP
$5,737
2024
$79,229
2024
GDP per capita PPP rank
155/197
2024
16/197
2024
Government debt
$20.7B
2024
$193B
2024
Debt-to-GDP ratio
48.3%
2024
34.9%
2024
Government debt per person
$700
2024
$17,568
2024
Government debt per person rank
154/185
2024
36/185
2024
Average annual personal income after taxes
$2,170
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires
2
2025
6
2025
Income share by richest 10%
24.2%
2022
20.5%
2018
Income share by poorest 10%
3.7%
2022
2.8%
2018
Government expenditure, % of GDP
22.1%
2024
21.4%
2024
Consumer prices inflation
4.69%
2023-2024
1.7%
2023-2024
Central bank interest rate n/a
3.65%
2025
Unemployment rate
10.7%
2017
1.88%
2024
Population
29596762
11686438

Spending and national debt comparison by year

Nepal
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Nepal UAE
Government spending Government debt Government spending Government debt
2024 22.1% 48.3% 21.4% 34.9%
2023 25.1% 47% 22.7% 31.9%
2022 26.1% 42.7% 22.7% 31.5%
2021 27.2% 43.3% 25.9% 35.7%
2020 28.5% 43.3% 30.5% 30.1%
2019 27.1% 34% 27.4% 25.8%
2018 28% 31.1% 25.9% 20.7%
2017 23.6% 25% 27.2% 21.2%
2016 19% 25% 31.7% 18.6%
2015 17.7% 25.7% 26.4% 15.6%
2014 16.6% 27.6% 31.4% 13.5%
2013 15.5% 31.9% 28.9% 15.3%
2012 16.8% 34.5% 27.8% 20.2%
2011 16.3% 32.4% 29.6% 20.4%
2010 16.5% 35.4% 30.4% 18.3%
2009 17% 39.5% 35% 21.1%
2008 13.4% 36.8% 22% 8.95%
2007 13.1% 37.9% 17.7% 8.89%
2006 11.2% 42.9% 15.6% 5.05%
2005 12% 45.1% 15.7% 4.48%
2004 11.8% 51.3% 17.7% 4.08%
2003 12% 53% 20% 3.33%
2002 13% 51.8% 21.3% 3.43%
2001 12.9% 50.8% 25.2% 2.69%
2000 11.4% 50.8% 21.8% 3.12%
1999 - - 24.3% 4.73%
1998 - - 25.8% 4.18%
1997 - - 22.6% 2.86%
1996 - - 27.6% 3.48%
1995 - - 26.1% 5.06%
1994 - - 30.1% 5.58%
1993 - - 31.5% 6.01%
1992 - - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20).

GeoRank.org/economy/nepal/united-arab-emirates | CC BY

In 2024, Nepal's government spending was $9.5B, accounting for 22.1% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 48.3% in Nepal and 34.9% in the United Arab Emirates, ranking 112/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Nepal

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Nepal UAE
2024 -2.76% 6.41%
2023 -5.81% 5.82%
2022 -3.12% 9.8%
2021 -3.98% 3.96%
2020 -7.47% -2.42%
2019 -4.27% 2.5%
2018 -5.83% 3.65%
2017 -2.69% -0.16%
2016 1.2% -2.95%
2015 0.46% -6.35%
2014 1.36% 1.74%
2013 1.57% 7.99%
2012 -1.18% 8.59%
2011 -0.72% 5.05%
2010 -0.67% 0.52%
2009 -2.24% -6.13%
2008 -0.29% 17.6%
2007 -0.67% 17.1%
2006 0.24% 20.2%
2005 0.24% 16%
2004 -0.14% 6.4%
2003 -0.34% 2.35%
2002 -2.46% -1.24%
2001 -2.35% 1.21%
2000 -1.48% 10.7%
1999 - 1.31%
1998 - 1%
1997 - 6.71%
1996 - 0.92%
1995 - 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/nepal/united-arab-emirates | CC BY

In 2024, Nepal's government deficit, the difference between spending and revenue, was $1.19B, equivalent to 2.76% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 25 years, Nepal recorded a fiscal deficit in 19 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Nepal posted an annual deficit equal to 1.74% of GDP, compared to surplus of 5.13% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Nepal

United Arab Emirates
1x
Year Consumer prices inflation
Nepal UAE
2024 4.69% 1.7%
2023 7.12% 1.6%
2022 7.67% 4.8%
2021 4.13% -0.1%
2020 5.06% -2.1%
2019 5.57% -1.9%
2018 4.41% 3.1%
2017 2.78% 2%
2016 8.79% 1.6%
2015 7.87% 4.1%
2014 8.36% 2.3%
2013 9.04% 1.1%
2012 9.46% 0.7%
2011 9.23% 0.9%
2010 9.33% 0.9%
2009 11.1% -4.7%
2008 9.91% 12.3%
2007 2.27% 11.1%
2006 6.92% 9.3%
2005 6.84% 6.2%
2004 2.84% 5%
2003 5.71% 3.1%
2002 3.03% 2.9%
2001 2.69% 2.8%
2000 2.48% 1.3%
1999 7.45% 2.1%
1998 11.2% 2%
1997 4.01% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/nepal/united-arab-emirates | CC BY

Over the past 28 years, Nepal has recorded an average annual inflation rate of 6.43%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 4.69% in Nepal and 1.7% in the United Arab Emirates.

Top exports between countries

Nepal
Export category Export value
Textiles & consumer goods $1.87M
Machinery & equipment $963K
Raw agricultural goods $491K
Wood & paper products $354K
Precious metals & jewellery $87K
Chemicals & pharma $75K
Processed food, beverages & tobacco $72K
Raw materials & minerals $36K
Weapons & explosives $4K
Animal & marine products $3K
UAE
Export category Export value
Precious metals & jewellery $178M
Machinery & equipment $41.4M
Metals $10.4M
Chemicals & pharma $7.72M
Wood & paper products $7.38M
Processed food, beverages & tobacco $5.99M
Raw materials & minerals $5.4M
Raw agricultural goods $5M
Textiles & consumer goods $3.92M
Miscellaneous $399K

Balance of trade

Nepal UAE
Current account balance
$1.68B
2024
$80B
2024
Current account balance ranking
50/190
2024
9/190
2024
Current account balance, % of GDP
+3.91%
2024
+14.5%
2024
Goods imports
$12.1B
2024
$400B
2024
Goods exports
$1.54B
2024
$467B
2024
Service imports
$2.27B
2024
$117B
2024
Service exports
$1.9B
2024
$181B
2024
Imports of goods and services, % of GDP
32.9%
2024
92.2%
2023
Exports of goods and services, % of GDP
7.62%
2024
106.8%
2023

Economic freedom indices

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

Nepal UAE
Economic freedom 52.9 71.9
Economic freedom ranking 144/197 29/197
Property rights 38.8 62.9
Government integrity 38.9 65.3
Judicial effectiveness 42.9 34.4
Tax burden 84.3 99.9
Government spending 82.1 85.1
Fiscal health 71 97.6
Business freedom 60.8 84.5
Labor freedom 48.2 63.2
Monetary freedom 69.4 81.2
Trade freedom 58.6 78.6
Investment freedom 10 50
Financial freedom 30 60

Economic freedom comparison by year

Nepal
United Arab Emirates
1x
Year Economic freedom index
Nepal UAE
2026 52.9 71.9
2025 52.5 71.6
2024 52.1 71.1
2023 51.4 70.9
2022 49.7 70.2
2021 50.7 76.9
2020 54.2 76.2
2019 53.8 77.6
2018 54.1 77.6
2017 55.1 76.9
2016 50.9 72.6
2015 51.3 72.4
2014 50.1 71.4
2013 50.4 71.1
2012 50.2 69.3
2011 50.1 67.8
2010 52.7 67.3
2009 53.2 64.7
2008 54.1 62.6
2007 54.4 62.6
2006 53.7 62.2
2005 51.4 65.2
2004 51.2 67.2
2003 51.5 73.4
2002 52.3 73.6
2001 51.6 74.9
2000 51.3 74.2
1999 53.1 71.5
1998 53.5 72.2
1997 53.6 71.9
1996 50.3 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/nepal/united-arab-emirates | CC BY

The Economic Freedom Index for Nepal is 52.9, ranking 144/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nepal UAE
Services, % of GDP
55.2%
2024
54.9%
2024
Industry, % of GDP
11.4%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
21.9%
2024
0.77%
2024
GNI, Atlas method
$43.7B
2024
$566B
2024
GNI per capita, PPP
$5,830
2024
$81,530
2024
Total reserves including gold
$12.5B
2023
$238B
2024
Total reserves ranking
74/177
2023
14/177
2024
Net foreign direct investment
-$56.9M
2024
$31.5B
2024
Net inflows of foreign direct investment
$56.9M
2024
$45.6B
2024
Net outflows of foreign direct investment
$0
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
20.3%
2022
19.5%
2020
Gross capital formation, % of GDP
30.4%
2024
26.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/nepal/united-arab-emirates | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2023, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.