Nepal M2 Growth
2002 - 2026 | Monthly | % | CEIC Data
Key information about Nepal M2 Growth
- Nepal Money Supply M2 increased 14.2 % YoY in Jan 2026, compared with a growth of 12.9 % in the previous month
- Nepal Money Supply M2 growth data is updated monthly, available from Jan 2002 to Jan 2026
- The data reached an all-time high of 43.4 % in Jun 2012 and a record low of 4.4 % in Jul 2002
CEIC calculates M2 Growth Rate from monthly M2. Nepal Rastra Bank provides M2 in local currency. The data is provided monthly based on the Nepalese calendar which begins approximately on 16th of the previous month and ends on 15th of the reference month
View Nepal's M2 Growth from Jan 2002 to Jan 2026 in the chart:
What was Nepal's M2 Growth in Jan 2026?
Nepal Money Supply M2 increased 14.2 % YoY in Jan 2026, compared with a growth of 12.9 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 14.2 Jan 2026 | 12.9 Dec 2025 | 4.4 Jul 2002 | 43.4 Jun 2012 | % | monthly | Jan 2002 - Jan 2026 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 13.4 Dec 2025 | monthly | Dec 1994 - Dec 2025 |
| Algeria (%) | 9.0 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Argentina (%) | 38.7 Nov 2025 | monthly | Jan 1991 - Nov 2025 |
| Armenia (%) | 22.0 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Australia (%) | 7.1 Dec 2025 | monthly | Mar 1966 - Dec 2025 |
| Austria (%) | 2.4 Dec 2025 | monthly | Sep 1998 - Dec 2025 |
| Azerbaijan (%) | 6.9 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Bahrain (%) | 3.8 Dec 2025 | monthly | Dec 1975 - Dec 2025 |
| Bangladesh (%) | 9.6 Dec 2025 | monthly | Jun 1987 - Dec 2025 |
| Belarus (%) | 25.1 Dec 2025 | monthly | Dec 1990 - Dec 2025 |
| Belgium (%) | 2.7 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Bolivia (%) | 17.6 Dec 2025 | monthly | Dec 1988 - Dec 2025 |
| Bosnia and Herzegovina (%) | 9.7 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Botswana (%) | -3.0 Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Brazil (%) | 10.2 Dec 2025 | monthly | Jan 1971 - Dec 2025 |
| Bulgaria (%) | 6.6 Dec 2025 | monthly | Dec 1996 - Dec 2025 |
| Cambodia (%) | 12.9 Dec 2025 | monthly | Jan 1996 - Dec 2025 |
| Canada (%) | 5.0 Nov 2025 | monthly | Jan 1969 - Nov 2025 |
| Chile (%) | 3.9 Jan 2026 | monthly | Jan 1987 - Jan 2026 |
| China (%) | 8.5 Dec 2025 | monthly | Mar 1997 - Dec 2025 |
| Colombia (%) | 11.0 Dec 2025 | monthly | Dec 1980 - Dec 2025 |
| Croatia (%) | 6.6 Dec 2025 | monthly | Jun 1995 - Dec 2025 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 2.7 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Denmark (%) | 3.5 Dec 2025 | monthly | Jan 1992 - Dec 2025 |
| Ecuador (%) | 13.9 Nov 2025 | monthly | Dec 2007 - Nov 2025 |
| Egypt (%) | 20.6 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Estonia (%) | 4.6 Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| European Union (%) | 3.0 Dec 2025 | monthly | Jan 1981 - Dec 2025 |
| Finland (%) | 3.1 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| France (%) | 1.1 Dec 2025 | monthly | Dec 1978 - Dec 2025 |
| Georgia (%) | 25.5 Dec 2025 | monthly | Oct 1996 - Dec 2025 |
| Germany (%) | 3.4 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Ghana (%) | 30.3 Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Greece (%) | 4.7 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Hong Kong SAR, China (%) | 11.6 Dec 2025 | monthly | Dec 1981 - Dec 2025 |
| Hungary (%) | 5.1 Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Iceland (%) | 5.0 Dec 2025 | monthly | Sep 1987 - Dec 2025 |
| India (%) | 12.4 Nov 2025 | monthly | Mar 1995 - Nov 2025 |
| Indonesia (%) | 9.6 Dec 2025 | monthly | Feb 1969 - Dec 2025 |
| Iran (%) | 32.4 Jun 2025 | monthly | Dec 2000 - Jun 2025 |
| Ireland (%) | 5.4 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Israel (%) | 5.4 Oct 2025 | monthly | Apr 1982 - Oct 2025 |
| Italy (%) | 2.5 Dec 2025 | monthly | Dec 1975 - Dec 2025 |
| Ivory Coast (%) | 22.8 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Japan (%) | 1.6 Jan 2026 | monthly | Jan 1968 - Jan 2026 |
| Jordan (%) | 5.4 Dec 2025 | monthly | Jan 1991 - Dec 2025 |
| Kazakhstan (%) | 16.7 Dec 2025 | monthly | Dec 1994 - Dec 2025 |
| Kenya (%) | 10.7 Nov 2025 | monthly | Dec 1996 - Nov 2025 |
| South Korea (%) | 5.4 Dec 2025 | monthly | Jan 1971 - Dec 2025 |
| Kosovo (%) | 12.4 2024 | yearly | 2002 - 2024 |
| Kuwait (%) | 3.6 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Kyrgyzstan (%) | 57.7 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Laos (%) | 19.1 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Latvia (%) | 6.9 Dec 2025 | monthly | Jan 2015 - Dec 2025 |
| Lebanon (%) | 34.4 Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Lithuania (%) | 6.2 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Luxembourg (%) | 4.1 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Macau SAR, China (%) | 7.5 Dec 2025 | monthly | Jun 1985 - Dec 2025 |
| North Macedonia (%) | 11.2 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Malawi (%) | 51.0 Sep 2025 | monthly | Jan 1976 - Sep 2025 |
| Malaysia (%) | 4.2 Dec 2025 | monthly | Dec 1970 - Dec 2025 |
| Malta (%) | 3.9 Nov 2025 | monthly | Jan 2009 - Nov 2025 |
| Mauritius (%) | 8.9 Nov 2025 | monthly | Jul 1977 - Nov 2025 |
| Mexico (%) | 6.8 Dec 2025 | monthly | Dec 1986 - Dec 2025 |
| Moldova (%) | 14.6 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Mongolia (%) | 8.8 Dec 2025 | monthly | Dec 1997 - Dec 2025 |
| Montenegro (%) | 9.9 2024 | yearly | 2003 - 2024 |
| Morocco (%) | 11.0 Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| Mozambique (%) | 11.9 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Myanmar (%) | 25.0 Jun 2025 | quarterly | Dec 2002 - Jun 2025 |
| Nepal (%) | 14.2 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Netherlands (%) | 3.5 Dec 2025 | monthly | Dec 1957 - Dec 2025 |
| New Zealand (%) | 4.1 Dec 2025 | monthly | Mar 1989 - Dec 2025 |
| Nigeria (%) | 9.8 Dec 2025 | monthly | Apr 1991 - Dec 2025 |
| Norway (%) | 7.2 Dec 2025 | monthly | Dec 1993 - Dec 2025 |
| Oman (%) | 4.3 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Pakistan (%) | 14.4 Nov 2025 | monthly | Jan 1989 - Nov 2025 |
| Palestinian Territory (%) | 15.8 Nov 2025 | monthly | Jul 2003 - Nov 2025 |
| Panama (%) | 8.4 Nov 2025 | monthly | Dec 2003 - Nov 2025 |
| Paraguay (%) | 11.6 Dec 2025 | monthly | Dec 1989 - Dec 2025 |
| Peru (%) | 7.5 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Philippines (%) | 7.5 Dec 2025 | monthly | Dec 1989 - Dec 2025 |
| Poland (%) | 10.4 Dec 2025 | monthly | Dec 1997 - Dec 2025 |
| Portugal (%) | 6.0 Oct 2025 | monthly | Dec 1980 - Oct 2025 |
| Qatar (%) | 3.5 Dec 2025 | monthly | Jan 1983 - Dec 2025 |
| Romania (%) | 7.2 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Russia (%) | 10.6 Dec 2025 | monthly | Dec 1992 - Dec 2025 |
| Saudi Arabia (%) | 8.7 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Serbia (%) | 6.9 Dec 2025 | monthly | Aug 2002 - Dec 2025 |
| Singapore (%) | 6.4 Dec 2025 | monthly | Mar 2005 - Dec 2025 |
| Slovakia (%) | 5.5 Dec 2025 | monthly | Dec 2001 - Dec 2025 |
| Slovenia (%) | 7.3 Dec 2025 | monthly | Jan 2008 - Dec 2025 |
| South Africa (%) | 8.1 Dec 2025 | monthly | Mar 1966 - Dec 2025 |
| Spain (%) | 5.1 Dec 2025 | monthly | Jan 1963 - Dec 2025 |
| Sri Lanka (%) | 11.3 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Sudan (%) | 82.3 Nov 2025 | monthly | Dec 2004 - Nov 2025 |
| Sweden (%) | 2.9 Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Switzerland (%) | 16.2 Oct 2025 | monthly | Dec 1985 - Oct 2025 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doNepal Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -10.0 2018 | yearly | 2012 - 2018 |
| Consolidated Fiscal Balance (USD mn) | -117.285 Dec 2025 | quarterly | Mar 2017 - Dec 2025 |
| Tax Revenue (USD mn) | 234,327.945 Sep 2025 | quarterly | Jun 2019 - Sep 2025 |
| Tax Revenue: % of GDP (%) | 19.1 2018 | yearly | 2001 - 2018 |
| National Government Debt (USD mn) | 14,538.4 2021 | yearly | 1990 - 2021 |
| Government Debt: % of GDP (%) | 39.9 2021 | yearly | 1990 - 2021 |
| Forecast: Government Expenditure (NPR bn) | 2,604.728 2030 | yearly | 2000 - 2030 |
| Forecast: Government Net Debt (NPR bn) | 4,815.645 2030 | yearly | 2000 - 2030 |
| Forecast: Government Revenue (NPR bn) | 2,282.135 2030 | yearly | 2000 - 2030 |
| Government Debt: External (NPR mn) | 934,695.200 2021 | yearly | 1999 - 2021 |
| Government Debt: Total (NPR mn) | 1,735,015.267 2021 | yearly | 1999 - 2021 |
| Government Domestic Debt: Annual: Bonds & Treasury Bills (NPR mn) | 1,125,188.232 2023 | yearly | 1986 - 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 0.000 | yearly | - |
| Trade Balance (USD mn) | -1,023.0 Jan 2026 | monthly | Aug 1974 - Jan 2026 |
| Total Exports (USD mn) | 177.1 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Total Exports Growth (%) | 1.5 Jan 2026 | monthly | Aug 2004 - Jan 2026 |
| Aluminum: Exports (USD th) | 2,069.671 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 11,731.470 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 2,069.949 2024 | yearly | 1996 - 2024 |
| Total Imports (USD mn) | 1,200.2 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Total Imports Growth (%) | 7.4 Jan 2026 | monthly | Aug 2004 - Jan 2026 |
| Imports: Medicament (USD th) | 210,184.160 2024 | yearly | 1998 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 297,733.053 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 12.894 Oct 2025 | monthly | Sep 1983 - Oct 2025 |
| Total Imports from USA (USD mn) | 18.114 Oct 2025 | monthly | Jan 1981 - Oct 2025 |
| Total Exports to China (USD mn) | 1.209 Jan 2026 | monthly | Apr 2013 - Jan 2026 |
| Total Imports from China (USD mn) | 224.119 Jan 2026 | monthly | Apr 2013 - Jan 2026 |
| Exports: Manufactured Goods Classified by Materials (NPR mn) | 6,680.649 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Exports: Chemicals (NPR mn) | 864.433 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Exports: Crude Materials Inedible: Except Fuel (NPR mn) | 593.919 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Exports: Food & Live Animals (NPR mn) | 3,438.554 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Exports: Miscellaneous Manufactures Articles (NPR mn) | 1,911.478 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Imports: Machinery & Transport Equipments (NPR mn) | 35,679.165 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Imports: Mineral Fuels, Lubricants & Related Minerals (NPR mn) | 21,475.868 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Imports: Chemicals (NPR mn) | 20,312.858 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Imports: Manufactured Goods Classified by Materials (NPR mn) | 28,472.290 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Imports: Food & Live Animals (NPR mn) | 17,033.243 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Exports: fob: Custom Basis (NPR mn) | 25,508.980 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Imports: cif: Custom Basis: Other Countries (NPR mn) | 42,166.598 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Exports: fob: Custom Basis: Other Countries (NPR mn) | 4,633.278 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Trade Balance: Custom Basis (NPR mn) | -147,324.711 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Imports: cif: Custom Basis: China (NPR mn) | 32,274.530 Jan 2026 | monthly | Apr 2013 - Jan 2026 |
| Exports: fob: Custom Basis: India (NPR mn) | 20,701.601 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Exports: fob: Custom Basis: China (NPR mn) | 174.101 Jan 2026 | monthly | Apr 2013 - Jan 2026 |
| Imports: cif: Custom Basis: India (NPR mn) | 98,392.563 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Imports: cif: Custom Basis (NPR mn) | 172,833.691 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Import Volume Index (2015=100) | 187.157 2021 | yearly | 2000 - 2021 |
| Export Volume Index (2015=100) | 171.601 2021 | yearly | 2000 - 2021 |
| Export Value Index (2015=100) | 233.718 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 238.930 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Current Account Balance (USD mn) | 1,345.6 Jan 2026 | quarterly | Oct 2000 - Jan 2026 |
| Current Account Balance: % of GDP (%) | 6.7 2025 | yearly | 2001 - 2025 |
| Foreign Direct Investment (USD mn) | 9.1 Jan 2026 | quarterly | Oct 2000 - Jan 2026 |
| Foreign Direct Investment: % of GDP (%) | 0.1 2025 | yearly | 2001 - 2025 |
| External Debt (USD mn) | 10,519.7 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| External Debt: % of GDP (%) | 17.3 2016 | yearly | 2001 - 2016 |
| External Debt: Short Term (USD mn) | 422.9 2024 | yearly | 1977 - 2024 |
| Forecast: Current Account Balance (USD bn) | -2.431 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | 3,934.074 Mar 2025 | quarterly | Dec 2012 - Mar 2025 |
| NP: BoP: Financial Account: Portfolio Investment: Liabilities (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
| NP: BoP: Financial Account: Portfolio Investment: Assets (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
| NP: BoP: Financial Account: Portfolio Investment (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
| BoP: Financial Account (NPR mn) | 63,943.939 Jul 2024 | quarterly | Oct 2000 - Jul 2024 |
| BoP: Capital Account (NPR mn) | 1,036.240 Jul 2024 | quarterly | Oct 2000 - Jul 2024 |
| BoP: Financial Account: Direct Investment in Nepal (NPR mn) | 1,919.110 Jul 2024 | quarterly | Oct 2000 - Jul 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.5 2015 | yearly | 2003 - 2015 |
| Non-Performing Loans (USD mn) | 267.883 2015 | yearly | 2003 - 2015 |
| Money Supply M1 (USD mn) | 8,197.327 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Money Supply M2 (USD mn) | 57,327.049 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| M2 Growth (%) | 14.2 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Reserve Requirement Ratio (%) | 4.0 Jan 2026 | monthly | Jul 2003 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 19,985.3 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 4.000 Jan 2026 | monthly | Jul 2003 - Jan 2026 |
| Foreign Exchange Reserves: Months of Import (NA) | 16.7 Jan 2026 | monthly | Aug 2003 - Jan 2026 |
| Gold Reserves (USD mn) | 1,412.372 Jan 2026 | monthly | Jul 1957 - Jan 2026 |
| Total Deposits (USD mn) | 42,957.520 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Total Deposits Growth (%) | 4.8 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Domestic Credit (USD mn) | 47,961.8 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Domestic Credit Growth (%) | 4.1 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Total Loans (USD mn) | 36,085.037 Oct 2025 | monthly | Jan 2001 - Oct 2025 |
| Total Loans Growth (%) | 7.19 Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Private Debt: % of Nominal GDP (%) | 74.44 2024 | yearly | 2003 - 2024 |
| Foreign Reserve (USD mn) | 21,561.890 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Monetary Survey: Domestic Credits (DO) (NPR mn) | 6,921,365.414 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Monetary Survey: Narrow Money M1 (NPR mn) | 1,182,956.255 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Monetary Survey: Broad Money M2 (NPR mn) | 8,272,866.444 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Commercial Banks: Deposits exclude Interbank (NPR mn) | 6,342,565.997 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Commercial Banks: Loans & Advances (NPR mn) | 1,945,068.90 Jan 2018 | monthly | Jan 2001 - Jan 2018 |
| CB: NPL (NPR mn) | 27,174.060 2015 | yearly | 2003 - 2015 |
More Indicators for Nepal
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