Skip to content

Economy of Nepal vs Uruguay compared: GDP & Debt

Updated on by Georank team

Nepal has a GDP of $42.9B compared to $81B for Uruguay, ranking 101/197 and 81/197 by economy size, respectively.

Nepal has $20.7B in government debt (48.3% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Nepal vs Uruguay GDP by year

Nepal
Uruguay
1x
Year GDP, current $
Nepal Uruguay
2024 $42,914,268,287 $80,961,511,074
2023 $41,047,772,331 $77,991,666,838
2022 $41,182,939,601 $70,594,110,920
2021 $36,924,841,394 $60,739,084,241
2020 $33,433,659,301 $53,559,359,262
2019 $34,186,180,699 $62,222,313,619
2018 $33,111,525,237 $65,344,577,416
2017 $28,971,588,940 $65,005,997,963
2016 $24,524,109,484 $57,480,787,465
2015 $24,360,801,287 $57,680,327,999
2014 $22,731,612,922 $61,496,186,974
2013 $22,162,204,925 $61,337,621,934
2012 $21,703,100,877 $54,232,266,359
2011 $21,573,872,421 $50,342,406,067
2010 $16,002,656,434 $41,950,361,212
2009 $12,854,985,464 $32,708,319,078
2008 $12,545,438,605 $31,119,602,539
2007 $10,325,618,017 $23,797,773,024
2006 $9,043,715,356 $19,741,420,740
2005 $8,130,258,378 $17,362,857,684
2004 $7,273,938,315 $13,686,329,890
2003 $6,330,473,097 $12,045,638,352
2002 $6,050,875,807 $13,606,515,723
2001 $6,007,055,042 $20,898,761,742
2000 $5,494,252,208 $22,823,270,892
1999 $5,033,642,384 $23,983,945,191
1998 $4,856,255,044 $25,385,886,978
1997 $4,918,691,917 $23,969,739,234
1996 $4,521,580,381 $20,515,458,114
1995 $4,401,104,418 $19,297,663,097
1994 $4,066,775,510 $17,474,588,896
1993 $3,660,041,667 $15,002,136,971
1992 $3,401,211,581 $12,878,148,791
1991 $3,921,476,085 $11,206,176,651
1990 $3,627,560,239 $9,298,807,850
1989 $3,525,225,787 $8,438,951,476
1988 $3,487,009,748 $8,213,538,369
1987 $2,957,255,380 $7,367,494,080
1986 $2,850,782,044 $5,880,112,788
1985 $2,619,913,956 $4,732,017,873
1984 $2,581,207,388 $4,850,238,550
1983 $2,447,174,803 $5,102,276,308
1982 $2,395,423,742 $9,178,780,077
1981 $2,275,583,317 $11,048,301,421
1980 $1,945,916,583 $10,163,020,116
1979 $1,851,250,008 $7,181,182,224
1978 $1,604,162,497 $4,910,254,566
1977 $1,382,400,000 $4,114,670,014
1976 $1,452,788,985 $3,667,161,241
1975 $1,575,789,254 $3,538,278,047
1974 $1,217,953,547 $4,090,209,682
1973 $972,101,725 $3,964,296,443
1972 $1,024,098,400 $2,189,418,689
1971 $882,765,472 $2,807,258,065
1970 $865,975,309 $2,137,096,774
1969 $788,641,965 $2,004,435,484
1968 $772,231,387 $1,593,674,185
1967 $841,974,025 $1,597,713,469
1966 $906,811,944 $1,809,185,094
1965 $735,267,082 $1,890,767,156
1964 $496,098,775 $1,975,701,816
1963 $496,947,904 $1,539,681,491
1962 $574,091,101 $1,710,004,407
1961 $531,959,562 $1,547,388,781
1960 $508,334,414 $1,242,289,239

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Nepal vs Uruguay by year

Nepal
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nepal Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,447 $5,737 $23,907 $36,418
2023 $1,382 $5,395 $23,019 $34,471
2022 $1,386 $5,103 $20,819 $33,001
2021 $1,253 $4,546 $17,882 $29,432
2020 $1,154 $4,236 $15,758 $25,725
2019 $1,203 $4,261 $18,316 $25,783
2018 $1,179 $3,956 $19,250 $24,386
2017 $1,034 $3,605 $19,185 $23,607
2016 $877 $2,976 $17,010 $22,841
2015 $876 $2,957 $17,126 $22,169
2014 $821 $2,901 $18,322 $21,868
2013 $803 $2,658 $18,335 $20,661
2012 $788 $2,466 $16,260 $19,495
2011 $786 $2,248 $15,132 $19,135
2010 $585 $2,139 $12,641 $17,873
2009 $473 $2,029 $9,881 $16,422
2008 $465 $1,942 $9,424 $15,694
2007 $385 $1,809 $7,222 $14,397
2006 $340 $1,718 $6,001 $13,179
2005 $309 $1,628 $5,284 $12,296
2004 $279.6 $1,542 $4,169 $11,103
2003 $246.4 $1,453 $3,671 $10,303
2002 $238.9 $1,390 $4,150 $10,030
2001 $240.8 $1,388 $6,383 $10,719
2000 $223.8 $1,317 $6,988 $10,929
1999 $208.6 $1,234 $7,371 $10,938
1998 $205.1 $1,187 $7,837 $11,002
1997 $211.8 $1,162 $7,436 $10,461
1996 $198.8 $1,110 $6,398 $9,524
1995 $197.8 $1,058 $6,050 $8,906
1994 $187.3 $1,026 $5,508 $8,897
1993 $172.8 $952 $4,753 $8,162
1992 $165 $920 $4,102 $7,808
1991 $195.7 $889 $3,589 $7,112
1990 $185.8 $830 $2,995 $6,683
1989 $185 - $2,734 -
1988 $187.1 - $2,677 -
1987 $162 - $2,416 -
1986 $159.5 - $1,939 -
1985 $149.9 - $1,568 -
1984 $151.1 - $1,615 -
1983 $146.6 - $1,707 -
1982 $147 - $3,085 -
1981 $142.9 - $3,728 -
1980 $125.1 - $3,443 -
1979 $121.9 - $2,443 -
1978 $108.1 - $1,678 -
1977 $95.3 - $1,414 -
1976 $102.5 - $1,268 -
1975 $113.6 - $1,232 -
1974 $89.8 - $1,433 -
1973 $73.2 - $1,397 -
1972 $78.8 - $776 -
1971 $69.5 - $1,000 -
1970 $69.6 - $766 -
1969 $64.8 - $723 -
1968 $64.9 - $579 -
1967 $72.3 - $585 -
1966 $79.5 - $668 -
1965 $65.8 - $705 -
1964 $45.3 - $745 -
1963 $46.3 - $587 -
1962 $54.6 - $659 -
1961 $51.6 - $604 -
1960 $50.2 - $491 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Nepal's GDP per capita is $1,447, ranking 164/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Nepal ranks 155th at $5,737, while Uruguay ranks 61st at $36,418.

Economic indicators

Nepal Uruguay
Gross domestic product
$42.9B
2024
$81B
2024
GDP rank
101/197
2024
81/197
2024
GDP growth
3.67%
2023-2024
3.11%
2023-2024
GDP per capita
$1,447
2024
$23,907
2024
GDP per capita rank
164/197
2024
52/197
2024
GDP per capita, PPP
$5,737
2024
$36,418
2024
GDP per capita PPP rank
155/197
2024
61/197
2024
Government debt
$20.7B
2024
$55.6B
2024
Debt-to-GDP ratio
48.3%
2024
68.7%
2024
Government debt per person
$700
2024
$16,421
2024
Government debt per person rank
154/185
2024
38/185
2024
Average annual personal income after taxes
$2,170
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Number of billionaires
2
2025
n/a
Income share by richest 10%
24.2%
2022
30%
2024
Income share by poorest 10%
3.7%
2022
2.2%
2024
Government expenditure, % of GDP
22.1%
2024
31.1%
2024
Consumer prices inflation
4.69%
2023-2024
4.85%
2023-2024
Central bank interest rate n/a
8.25%
2025
Unemployment rate
10.7%
2017
8.21%
2024
Population
29596762
3382789

Spending and national debt comparison by year

Nepal
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Nepal Uruguay
Government spending Government debt Government spending Government debt
2024 22.1% 48.3% 31.1% 68.7%
2023 25.1% 47% 30.5% 64%
2022 26.1% 42.7% 30% 59.9%
2021 27.2% 43.3% 30.2% 64.1%
2020 28.5% 43.3% 32.8% 68.2%
2019 27.1% 34% 30.6% 59.6%
2018 28% 31.1% 30.3% 57.9%
2017 23.6% 25% 29.7% 55.8%
2016 19% 25% 29.7% 56.4%
2015 17.7% 25.7% 28.4% 57.8%
2014 16.6% 27.6% 29.1% 51.1%
2013 15.5% 31.9% 28.8% 50%
2012 16.8% 34.5% 27.7% 49.8%
2011 16.3% 32.4% 26.3% 41.3%
2010 16.5% 35.4% 27.4% 40.9%
2009 17% 39.5% 27.2% 46.2%
2008 13.4% 36.8% 26.3% 46.2%
2007 13.1% 37.9% 26.8% 52.8%
2006 11.2% 42.9% 26.8% 61.1%
2005 12% 45.1% 26.3% 66.2%
2004 11.8% 51.3% 26.6% 73.7%
2003 12% 53% 27.7% 91.9%
2002 13% 51.8% 27.6% 90.1%
2001 12.9% 50.8% 27.8% 39.4%
2000 11.4% 50.8% 26.6% 30.5%
1999 - - 27.2% 24.1%
1998 - - 27.3% 19.4%
1997 - - 27.6% 18.8%
1996 - - 26.5% 18.3%
1995 - - 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Nepal's government spending was $9.5B, accounting for 22.1% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 48.3% in Nepal and 68.7% in Uruguay, ranking 112/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Nepal

Uruguay
1x
Year Deficit/surplus, % of GDP
Nepal Uruguay
2024 -2.76% -3.22%
2023 -5.81% -3.13%
2022 -3.12% -2.52%
2021 -3.98% -2.61%
2020 -7.47% -4.64%
2019 -4.27% -2.71%
2018 -5.83% -1.89%
2017 -2.69% -2.51%
2016 1.2% -2.68%
2015 0.46% -1.86%
2014 1.36% -2.6%
2013 1.57% -1.72%
2012 -1.18% -2.17%
2011 -0.72% -0.33%
2010 -0.67% -0.39%
2009 -2.24% -1.39%
2008 -0.29% -1.31%
2007 -0.67% -0.16%
2006 0.24% -0.64%
2005 0.24% -0.28%
2004 -0.14% -0.87%
2003 -0.34% -2.19%
2002 -2.46% -3.19%
2001 -2.35% -2.85%
2000 -1.48% -2.76%
1999 - -2.76%
1998 - -0.76%
1997 - -0.97%
1996 - -1.32%
1995 - -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/nepal/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 25 years, Nepal recorded a fiscal deficit in 19 of those years, while Uruguay ran a deficit in 25 years. On average, Nepal posted an annual deficit equal to 1.74% of GDP, compared to deficit of 2.02% of GDP for Uruguay.

Inflation comparison by year

Inflation
Nepal

Uruguay
1x
Year Consumer prices inflation
Nepal Uruguay
2024 4.69% 4.85%
2023 7.12% 5.87%
2022 7.67% 9.1%
2021 4.13% 7.75%
2020 5.06% 9.76%
2019 5.57% 7.88%
2018 4.41% 7.61%
2017 2.78% 6.22%
2016 8.79% 9.64%
2015 7.87% 8.67%
2014 8.36% 8.88%
2013 9.04% 8.58%
2012 9.46% 8.1%
2011 9.23% 8.09%
2010 9.33% 6.7%
2009 11.1% 7.06%
2008 9.91% 7.88%
2007 2.27% 8.11%
2006 6.92% 6.4%
2005 6.84% 4.7%
2004 2.84% 9.16%
2003 5.71% 19.4%
2002 3.03% 14%
2001 2.69% 4.36%
2000 2.48% 4.76%
1999 7.45% 5.66%
1998 11.2% 10.8%
1997 4.01% 19.8%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Nepal has recorded an average annual inflation rate of 6.43%, compared with 8.56% in Uruguay. In 2024, inflation was 4.69% in Nepal and 4.85% in Uruguay.

Top exports between countries

Nepal
Export category Export value
Textiles & consumer goods $342K
Precious metals & jewellery $1K
Uruguay
Export category Export value
Animal & marine products $310K
Raw agricultural goods $101K
Machinery & equipment $36K

Balance of trade

Nepal Uruguay
Current account balance
$1.68B
2024
-$633M
2024
Current account balance ranking
50/190
2024
111/190
2024
Current account balance, % of GDP
+3.91%
2024
-0.78%
2024
Goods imports
$12.1B
2024
$13B
2024
Goods exports
$1.54B
2024
$16.3B
2024
Service imports
$2.27B
2024
$6.22B
2024
Service exports
$1.9B
2024
$7.1B
2024
Imports of goods and services, % of GDP
32.9%
2024
23.7%
2024
Exports of goods and services, % of GDP
7.62%
2024
28.8%
2024

Economic freedom indices

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

Nepal Uruguay
Economic freedom 52.9 69.8
Economic freedom ranking 144/197 39/197
Property rights 38.8 87.4
Government integrity 38.9 79
Judicial effectiveness 42.9 80.9
Tax burden 84.3 73.3
Government spending 82.1 72
Fiscal health 71 76.6
Business freedom 60.8 83.8
Labor freedom 48.2 61.7
Monetary freedom 69.4 70.2
Trade freedom 58.6 73.2
Investment freedom 10 50
Financial freedom 30 30

Economic freedom comparison by year

Nepal
Uruguay
1x
Year Economic freedom index
Nepal Uruguay
2026 52.9 69.8
2025 52.5 70.2
2024 52.1 69.8
2023 51.4 70.2
2022 49.7 70
2021 50.7 69.3
2020 54.2 69.1
2019 53.8 68.6
2018 54.1 69.2
2017 55.1 69.7
2016 50.9 68.8
2015 51.3 68.6
2014 50.1 69.3
2013 50.4 69.7
2012 50.2 69.9
2011 50.1 70
2010 52.7 69.8
2009 53.2 69.1
2008 54.1 67.9
2007 54.4 68.4
2006 53.7 65.3
2005 51.4 66.9
2004 51.2 66.7
2003 51.5 69.8
2002 52.3 68.7
2001 51.6 70.7
2000 51.3 69.3
1999 53.1 68.5
1998 53.5 68.6
1997 53.6 67.5
1996 50.3 63.7
1995 - 62.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Nepal is 52.9, ranking 144/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nepal Uruguay
Services, % of GDP
55.2%
2024
65.3%
2024
Industry, % of GDP
11.4%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
21.9%
2024
6.42%
2024
GNI, Atlas method
$43.7B
2024
$73.3B
2024
GNI per capita, PPP
$5,830
2024
$34,170
2024
Total reserves including gold
$12.5B
2023
$17.4B
2024
Total reserves ranking
74/177
2023
66/177
2024
Net foreign direct investment
-$56.9M
2024
$2.58B
2024
Net inflows of foreign direct investment
$56.9M
2024
-$3.94B
2024
Net outflows of foreign direct investment
$0
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
20.3%
2022
17.3%
2024
Gross capital formation, % of GDP
30.4%
2024
15.6%
2024

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/uruguay | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2022, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.