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Economy of Nepal vs Yemen compared: GDP & Debt

Updated on by Georank team

Nepal has a GDP of $42.9B compared to $21.6B for Yemen, ranking 101/197 and 125/197 by economy size, respectively.

Nepal has $20.7B in government debt (48.3% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Nepal vs Yemen GDP by year

Nepal
Yemen
1x
Year GDP, current $
Nepal Yemen
2024 $42,914,268,287 -
2023 $41,047,772,331 -
2022 $41,182,939,601 -
2021 $36,924,841,394 -
2020 $33,433,659,301 -
2019 $34,186,180,699 -
2018 $33,111,525,237 $21,606,160,663
2017 $28,971,588,940 $26,842,229,045
2016 $24,524,109,484 $31,317,825,274
2015 $24,360,801,287 $42,444,490,074
2014 $22,731,612,922 $43,228,585,321
2013 $22,162,204,925 $40,415,233,436
2012 $21,703,100,877 $35,401,331,610
2011 $21,573,872,421 $32,726,417,878
2010 $16,002,656,434 $30,906,749,533
2009 $12,854,985,464 $25,130,278,213
2008 $12,545,438,605 $26,910,855,807
2007 $10,325,618,017 $21,650,528,674
2006 $9,043,715,356 $19,063,143,370
2005 $8,130,258,378 $16,731,566,717
2004 $7,273,938,315 $13,867,634,371
2003 $6,330,473,097 $11,777,532,662
2002 $6,050,875,807 $10,693,430,511
2001 $6,007,055,042 $9,852,990,693
2000 $5,494,252,208 $9,679,316,770
1999 $5,033,642,384 $7,639,325,296
1998 $4,856,255,044 $6,322,175,566
1997 $4,918,691,917 $6,838,298,531
1996 $4,521,580,381 $6,496,163,616
1995 $4,401,104,418 $12,796,345,679
1994 $4,066,775,510 $28,019,483,764
1993 $3,660,041,667 $21,736,802,664
1992 $3,401,211,581 $17,959,367,194
1991 $3,921,476,085 $14,665,445,462
1990 $3,627,560,239 $12,643,821,569
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Nepal vs Yemen by year

Nepal
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nepal Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,447 $5,737 - -
2023 $1,382 $5,395 - -
2022 $1,386 $5,103 - -
2021 $1,253 $4,546 - -
2020 $1,154 $4,236 - -
2019 $1,203 $4,261 - -
2018 $1,179 $3,956 $634 -
2017 $1,034 $3,605 $811 -
2016 $877 $2,976 $975 -
2015 $876 $2,957 $1,362 -
2014 $821 $2,901 $1,430 -
2013 $803 $2,658 $1,379 $3,164
2012 $788 $2,466 $1,245 $3,005
2011 $786 $2,248 $1,186 $3,113
2010 $585 $2,139 $1,155 $3,603
2009 $473 $2,029 $969 $3,411
2008 $465 $1,942 $1,072 $3,370
2007 $385 $1,809 $890 $3,294
2006 $340 $1,718 $810 $3,205
2005 $309 $1,628 $734 $3,113
2004 $279.6 $1,542 $628 $2,949
2003 $246.4 $1,453 $549 $2,844
2002 $238.9 $1,390 $513 $2,768
2001 $240.8 $1,388 $487 $2,702
2000 $223.8 $1,317 $493 $2,624
1999 $208.6 $1,234 $401 $2,492
1998 $205.1 $1,187 $343 $2,442
1997 $211.8 $1,162 $383 $2,351
1996 $198.8 $1,110 $375 $2,268
1995 $197.8 $1,058 $764 $2,201
1994 $187.3 $1,026 $1,735 $2,115
1993 $172.8 $952 $1,397 $2,013
1992 $165 $920 $1,198 $1,963
1991 $195.7 $889 $1,016 $1,843
1990 $185.8 $830 $910 $1,742
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 (1960–2024, retrieved 2026-04-06).

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

Nepal's GDP per capita is $1,447, ranking 164/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Nepal ranks 155th at $5,737, while Yemen ranks 178th at $3,164.

Economic indicators

Nepal Yemen
Gross domestic product
$42.9B
2024
$21.6B
2018
GDP rank
101/197
2024
125/197
2018
GDP growth
3.67%
2023-2024
0.75%
2017-2018
GDP per capita
$1,447
2024
$634
2018
GDP per capita rank
164/197
2024
191/197
2018
GDP per capita, PPP
$5,737
2024
$3,164
2013
GDP per capita PPP rank
155/197
2024
178/197
2013
Government debt
$20.7B
2024
$18.8B
2018
Debt-to-GDP ratio
48.3%
2024
70.9%
2024
Government debt per person
$700
2024
$551
2018
Government debt per person rank
154/185
2024
165/185
2018
Average annual personal income after taxes
$2,170
2026
$1,127
2026
Number of billionaires
2
2025
n/a
Income share by richest 10%
24.2%
2022
29.4%
2014
Income share by poorest 10%
3.7%
2022
3%
2014
Government expenditure, % of GDP
22.1%
2024
8.91%
2024
Consumer prices inflation
4.69%
2023-2024
33.9%
2023-2024
Unemployment rate
10.7%
2017
13.5%
2014
Population
29596762
43325643

Spending and national debt comparison by year

Nepal
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Nepal Yemen
Government spending Government debt Government spending Government debt
2024 22.1% 48.3% 8.91% 70.9%
2023 25.1% 47% 11.8% 77.9%
2022 26.1% 42.7% 12.2% 65.3%
2021 27.2% 43.3% 8.22% 75.9%
2020 28.5% 43.3% 10.6% 87%
2019 27.1% 34% 13.2% 91.5%
2018 28% 31.1% 14.3% 86.9%
2017 23.6% 25% 8.39% 83.8%
2016 19% 25% 16.1% 76.5%
2015 17.7% 25.7% 19.4% 57.7%
2014 16.6% 27.6% 27.8% 48.9%
2013 15.5% 31.9% 30.8% 48.4%
2012 16.8% 34.5% 36.2% 47.6%
2011 16.3% 32.4% 29.8% 45.7%
2010 16.5% 35.4% 30.2% 42.4%
2009 17% 39.5% 35.2% 49.8%
2008 13.4% 36.8% 41.2% 36.4%
2007 13.1% 37.9% 40.3% 40.4%
2006 11.2% 42.9% 37.4% 40.8%
2005 12% 45.1% 36.8% 43.8%
2004 11.8% 51.3% 34.2% 52.1%
2003 12% 53% 35.3% 56.8%
2002 13% 51.8% 30.8% 57.8%
2001 12.9% 50.8% 30.5% 60.6%
2000 11.4% 50.8% 31.7% 60.8%
1999 - - 28.2% 96.1%
1998 - - 34.3% 110.6%
1997 - - 34.2% 74.2%
1996 - - 30.7% 114.9%
1995 - - 24.1% 84.1%
1994 - - 25.2% 73.3%
1993 - - 25.8% 76.7%
1992 - - 24.6% 78%
1991 - - 24.7% 82.7%
1990 - - 26.6% 91.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Nepal's government spending was $9.5B, accounting for 22.1% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 48.3% in Nepal and 70.9% in Yemen, ranking 112/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Nepal

Yemen
1x
Year Deficit/surplus, % of GDP
Nepal Yemen
2024 -2.76% -2.48%
2023 -5.81% -5.63%
2022 -3.12% -2.15%
2021 -3.98% -0.89%
2020 -7.47% -4.3%
2019 -4.27% -5.89%
2018 -5.83% -7.85%
2017 -2.69% -4.9%
2016 1.2% -8.51%
2015 0.46% -8.75%
2014 1.36% -4.14%
2013 1.57% -6.9%
2012 -1.18% -6.32%
2011 -0.72% -4.51%
2010 -0.67% -4.06%
2009 -2.24% -10.2%
2008 -0.29% -4.53%
2007 -0.67% -7.18%
2006 0.24% 1.19%
2005 0.24% -1.82%
2004 -0.14% -2.15%
2003 -0.34% -4.2%
2002 -2.46% -0.56%
2001 -2.35% 2.79%
2000 -1.48% 6.09%
1999 - 0.06%
1998 - -7.77%
1997 - -1.5%
1996 - -0.92%
1995 - -5.74%
1994 - -14%
1993 - -12.8%
1992 - -10.9%
1991 - -5.76%
1990 - -10.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2018, Nepal's government deficit, the difference between spending and revenue, was $1.93B, equivalent to 5.83% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 19 years, Nepal recorded a fiscal deficit in 13 of those years, while Yemen ran a deficit in 16 years. On average, Nepal posted an annual deficit equal to 0.84% of GDP, compared to deficit of 4.03% of GDP for Yemen.

Inflation comparison by year

Inflation
Nepal

Yemen
1x
Year Consumer prices inflation
Nepal Yemen
2024 4.69% 33.9%
2023 7.12% 0.9%
2022 7.67% 29.5%
2021 4.13% 31.5%
2020 5.06% 21.7%
2019 5.57% 15.7%
2018 4.41% 33.6%
2017 2.78% 30.4%
2016 8.79% 21.3%
2015 7.87% 22%
2014 8.36% 8.2%
2013 9.04% 11%
2012 9.46% 9.9%
2011 9.23% 19.5%
2010 9.33% 11.2%
2009 11.1% 3.7%
2008 9.91% 19%
2007 2.27% 7.9%
2006 6.92% 10.8%
2005 6.84% 9.9%
2004 2.84% 12.5%
2003 5.71% 10.8%
2002 3.03% 12.2%
2001 2.69% 11.9%
2000 2.48% 11%
1999 7.45% 7.9%
1998 11.2% 11.5%
1997 4.01% 4.6%

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/yemen | CC BY

Over the past 28 years, Nepal has recorded an average annual inflation rate of 6.43%, compared with 15.5% in Yemen. In 2024, inflation was 4.69% in Nepal and 33.9% in Yemen.

Top exports between countries

Nepal
Export category Export value
Textiles & consumer goods $235K
Yemen
Export category Export value

Balance of trade

Nepal Yemen
Current account balance
$1.68B
2024
-$2.42B
2016
Current account balance ranking
50/190
2024
148/190
2016
Current account balance, % of GDP
+3.91%
2024
-7.72%
2016
Goods imports
$12.1B
2024
$6.8B
2016
Goods exports
$1.54B
2024
$473M
2016
Service imports
$2.27B
2024
$1.46B
2016
Service exports
$1.9B
2024
$466M
2016
Imports of goods and services, % of GDP
32.9%
2024
47.3%
2018
Exports of goods and services, % of GDP
7.62%
2024
8.76%
2018

Economic freedom indices

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

Nepal Yemen
Economic freedom 52.9 53.7
Economic freedom ranking 144/197 138/197
Property rights 38.8 3.5
Government integrity 38.9 6.2
Judicial effectiveness 42.9 9.9
Tax burden 84.3 93.7
Government spending 82.1 0
Fiscal health 71 71.2
Business freedom 60.8 31.3
Labor freedom 48.2 31.2
Monetary freedom 69.4 48.1
Trade freedom 58.6 67.4
Investment freedom 10 50
Financial freedom 30 30

Economic freedom comparison by year

Nepal
Yemen
1x
Year Economic freedom index
Nepal Yemen
2026 52.9 -
2025 52.5 -
2024 52.1 -
2023 51.4 -
2022 49.7 -
2021 50.7 -
2020 54.2 -
2019 53.8 -
2018 54.1 -
2017 55.1 -
2016 50.9 -
2015 51.3 53.7
2014 50.1 55.5
2013 50.4 55.9
2012 50.2 55.3
2011 50.1 54.2
2010 52.7 54.4
2009 53.2 56.9
2008 54.1 53.8
2007 54.4 54.1
2006 53.7 52.6
2005 51.4 53.8
2004 51.2 50.5
2003 51.5 50.3
2002 52.3 48.6
2001 51.6 44.3
2000 51.3 44.5
1999 53.1 43.3
1998 53.5 46.1
1997 53.6 48.4
1996 50.3 49.6
1995 - 49.8

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

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

The Economic Freedom Index for Nepal is 52.9, ranking 144/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nepal Yemen
Services, % of GDP
55.2%
2024
41.8%
2018
Industry, % of GDP
11.4%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
21.9%
2024
28.7%
2018
GNI, Atlas method
$43.7B
2024
$25.3B
2018
GNI per capita, PPP
$5,830
2024
$3,020
2013
Total reserves including gold
$12.5B
2023
$1.25B
2022
Total reserves ranking
74/177
2023
139/177
2022
Net foreign direct investment
-$56.9M
2024
$15.4M
2015
Net inflows of foreign direct investment
$56.9M
2024
-$371M
2019
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
0.53%
2018
Poverty at national poverty lines
20.3%
2022
48.6%
2014
Gross capital formation, % of GDP
30.4%
2024
6.18%
2018

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/yemen | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

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.