Nepal National Government Debt

1990 - 2021 | Yearly | USD mn | CEIC Data

Key information about Nepal National Government Debt

  • Nepal National Government Debt reached 14.5 USD bn in Jul 2021, compared with 11.9 USD bn in the previous year.
  • Nepal National Government Debt data is updated yearly, available from Jul 1990 to Jul 2021.
  • The data reached an all-time high of 14.5 USD bn in Jul 2021 and a record low of 1.9 USD bn in Jul 1990.

*This indicator will be no longer available from March 2026, 4th onwards. CEIC has a plan to remove the non-standard frequency indicator after the standard frequency indicator has been added and be available on this table. CEIC calculates annual Government Debt as the sum of Foreign Government Debt and Domestic Government Debt and converts it into USD. The Ministry of Finance provides Foreign Government Debt in local currency. Nepal Rasta Bank provides Domestic Government Debt in local currency. Nepal Rastra Bank period end market exchange rate used for currency conversions. Government Debt covers Central Government only. Government Debt prior to 1999 is sourced from the World Bank. Government Debt is in annual frequency, generally ending on July 15th of each year.
  • The country's Government debt accounted for 39.9 % of its Nominal GDP in Jul 2021.
  • Nepal Nominal GDP reached 44.8 USD bn in Jul 2025.
  • View Nepal's National Government Debt from 1990 to 2021 in the chart:

    Nepal National Government Debt

    What was Nepal's National Government Debt in 2021?

    Nepal National Government Debt reached 14.5 USD bn in Jul 2021, compared with 11.9 USD bn in the previous year. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    14,538.4 2021 11,874.4 2020 1,863.6 1990 14,538.4 2021 USD mn yearly 1990 - 2021

    National Government Debt by Country Comparison

    country/region Last Frequency Range
    Albania (USD mn) 16,715.8 Sep 2025 quarterly Sep 2010 - Sep 2025
    Algeria (USD mn) 127,109.6 2024 yearly 1997 - 2024
    Argentina (USD mn) 454,037.1 Sep 2025 quarterly Dec 1994 - Sep 2025
    Armenia (USD mn) 14,204.4 Sep 2025 quarterly Mar 2002 - Sep 2025
    Australia (USD mn) 685,976.3 2024 yearly 1999 - 2024
    Austria (USD mn) 497,437.3 Sep 2025 quarterly Mar 2000 - Sep 2025
    Azerbaijan (USD mn) 9,223.0 2021 yearly 2008 - 2021
    Bahrain (USD mn) 50,938.0 Nov 2025 monthly Mar 2001 - Nov 2025
    Belarus (USD mn) 23,375.7 May 2022 monthly Dec 2003 - May 2022
    Belgium (USD mn) 797,839.2 Sep 2025 quarterly Mar 1980 - Sep 2025
    Bolivia (USD mn) 8,960.7 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (USD mn) 3,449.6 2024 yearly 2007 - 2024
    Botswana (USD mn) 4,996.3 2025 yearly 2002 - 2025
    Brazil (USD mn) 1,829,088.8 Dec 2025 monthly Dec 2000 - Dec 2025
    Bulgaria (USD mn) 37,071.8 Dec 2025 monthly Dec 2015 - Dec 2025
    Canada (USD mn) 1,517,724.5 2025 yearly 1962 - 2025
    Chile (USD mn) 149,182.1 Sep 2025 quarterly Mar 2002 - Sep 2025
    China (USD mn) 4,736,394.2 2024 yearly 2005 - 2024
    Colombia (USD mn) 280,165.7 Jun 2025 quarterly Dec 2001 - Jun 2025
    Croatia (USD mn) 59,850.6 Oct 2025 monthly Dec 1995 - Oct 2025
    Cyprus (USD mn) 23,954.7 Nov 2025 monthly Dec 2010 - Nov 2025
    Czech Republic (USD mn) 174,839.6 Sep 2025 quarterly Mar 2000 - Sep 2025
    Denmark (USD mn) 141,615.2 Sep 2025 quarterly Mar 2000 - Sep 2025
    Ecuador (USD mn) 85,105.4 Sep 2025 quarterly Dec 2005 - Sep 2025
    Egypt (USD mn) 330,374.5 Sep 2025 quarterly Jun 2006 - Sep 2025
    Estonia (USD mn) 11,044.7 Sep 2025 quarterly Mar 2000 - Sep 2025
    European Union (USD mn) 17,899,598.0 Sep 2025 quarterly Mar 2000 - Sep 2025
    Finland (USD mn) 289,404.3 Jun 2025 quarterly Mar 2000 - Jun 2025
    France (USD mn) 4,020,987.6 Jun 2025 quarterly Dec 1995 - Jun 2025
    Georgia (USD mn) 13,286.4 Dec 2025 quarterly Mar 2006 - Dec 2025
    Germany (USD mn) 3,271,285.0 Sep 2025 quarterly Mar 2000 - Sep 2025
    Greece (USD mn) 431,674.3 Sep 2025 quarterly Dec 1999 - Sep 2025
    Hong Kong SAR, China (USD mn) 190,786.0 2025 yearly 2003 - 2025
    Hungary (USD mn) 192,814.7 Sep 2025 quarterly Dec 1989 - Sep 2025
    Iceland (USD mn) 20,025.7 2024 yearly 1998 - 2024
    India (USD mn) 2,192,184.8 Sep 2025 quarterly Dec 1998 - Sep 2025
    Indonesia (USD mn) 547,950.7 Jan 2025 monthly Jun 2009 - Jan 2025
    Ireland (USD mn) 245,214.6 Sep 2025 quarterly Mar 2000 - Sep 2025
    Israel (USD mn) 364,326.8 2024 yearly 1995 - 2024
    Italy (USD mn) 3,624,882.7 Nov 2025 monthly Jan 1957 - Nov 2025
    Ivory Coast (USD mn) 3,853.2 2015 yearly 1975 - 2015
    Japan (USD mn) 9,012,579.6 Sep 2025 monthly Apr 1982 - Sep 2025
    Jordan (USD mn) 51,156.6 Nov 2025 monthly Jan 2002 - Nov 2025
    Kazakhstan (USD mn) 72,503.6 Dec 2025 quarterly Mar 2005 - Dec 2025
    Kenya (USD mn) 93,267.3 Sep 2025 monthly Sep 1999 - Sep 2025
    South Korea (USD mn) 896,321.5 Sep 2025 quarterly Sep 2002 - Sep 2025
    Kosovo (USD mn) 1,797.9 2024 yearly 2009 - 2024
    Kuwait (USD mn) 6,701.5 Nov 2025 monthly Dec 1993 - Nov 2025
    Kyrgyzstan (USD mn) 8,850.1 Nov 2025 monthly Jan 2011 - Nov 2025
    Latvia (USD mn) 22,255.4 Sep 2025 quarterly Mar 2000 - Sep 2025
    Lebanon (USD mn) 101,813.6 Dec 2022 monthly Dec 2001 - Dec 2022
    Lithuania (USD mn) 39,470.4 Sep 2025 quarterly Mar 2000 - Sep 2025
    Luxembourg (USD mn) 28,692.8 Sep 2025 quarterly Dec 1995 - Sep 2025
    North Macedonia (USD mn) 10,002.3 Jun 2025 quarterly Dec 2009 - Jun 2025
    Malawi (USD mn) 2,620.0 2014 yearly 2010 - 2014
    Malaysia (USD mn) 312,770.7 Sep 2025 quarterly Mar 1978 - Sep 2025
    Malta (USD mn) 13,160.7 Sep 2025 quarterly Mar 2000 - Sep 2025
    Mauritius (USD mn) 12,831.7 Dec 2025 quarterly Jun 2003 - Dec 2025
    Mexico (USD mn) 1,095,450.4 Dec 2025 monthly Dec 2005 - Dec 2025
    Moldova (USD mn) 7,906.9 Dec 2025 monthly Jan 2007 - Dec 2025
    Montenegro (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
    Morocco (USD mn) 91,099.0 Dec 2022 quarterly Dec 2006 - Dec 2022
    Nepal (USD mn) 14,538.4 2021 yearly 1990 - 2021
    Netherlands (USD mn) 579,272.5 Sep 2025 quarterly Dec 1999 - Sep 2025
    New Zealand (USD mn) 123,654.9 Sep 2025 quarterly Dec 2006 - Sep 2025
    Nigeria (USD mn) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025
    Norway (USD mn) 251,746.3 2024 yearly 1995 - 2024
    Oman (USD mn) 37,971.4 2025 yearly 1990 - 2025
    Panama (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
    Paraguay (USD mn) 16,217.1 2024 yearly 2003 - 2024
    Peru (USD mn) 105,081.0 Sep 2025 quarterly Mar 1999 - Sep 2025
    Philippines (USD mn) 301,127.7 Dec 2025 monthly Jan 1993 - Dec 2025
    Poland (USD mn) 611,821.3 Sep 2025 quarterly Mar 2000 - Sep 2025
    Portugal (USD mn) 345,501.8 Sep 2025 quarterly Mar 2000 - Sep 2025
    Qatar (USD mn) 26,518.7 2012 yearly 2003 - 2012
    Romania (USD mn) 249,581.5 Aug 2025 monthly Nov 2011 - Aug 2025
    Russia (USD mn) 465,308.9 Jan 2026 monthly May 2009 - Jan 2026
    Saudi Arabia (USD mn) 388,533.3 2025 yearly 2004 - 2025
    Serbia (USD mn) 46,175.3 Dec 2025 monthly Sep 2004 - Dec 2025
    Singapore (USD mn) 1,019,617.5 Dec 2025 quarterly Mar 1990 - Dec 2025
    Slovakia (USD mn) 98,260.7 Jun 2025 quarterly Mar 2000 - Jun 2025
    Slovenia (USD mn) 55,072.6 Sep 2025 quarterly Dec 1999 - Sep 2025
    South Africa (USD mn) 352,108.9 Nov 2025 monthly Jan 1960 - Nov 2025
    Spain (USD mn) 2,005,898.9 Sep 2025 quarterly Dec 1990 - Sep 2025
    Sri Lanka (USD mn) 98,101.8 Sep 2025 quarterly Mar 2014 - Sep 2025
    Sweden (USD mn) 230,743.4 Sep 2025 quarterly Mar 1999 - Sep 2025
    Switzerland (USD mn) 231,894.5 2024 yearly 1990 - 2024
    Taiwan, China (USD mn) 210,211.6 2024 yearly 1996 - 2024
    Thailand (USD mn) 346,186.9 Nov 2025 monthly Oct 1997 - Nov 2025
    Tunisia (USD mn) 46,921.1 Sep 2025 monthly Apr 2011 - Sep 2025
    Turkey (USD mn) 298,427.1 2024 yearly 2001 - 2024
    Ukraine (USD mn) 206,804.7 Dec 2025 monthly Dec 2004 - Dec 2025
    United Kingdom (USD mn) 4,111,415.2 Sep 2025 quarterly Mar 1966 - Sep 2025
    United States (USD mn) 38,521,368.0 Jan 2026 monthly Jan 1969 - Jan 2026
    Uruguay (USD mn) 48,109.8 Sep 2025 quarterly Mar 1999 - Sep 2025
    Venezuela (USD mn) 105,131.7 2016 yearly 1996 - 2016
    Vietnam (USD mn) 150,597.5 2024 yearly 2010 - 2024
    Yemen (USD mn) 20,434.2 2013 yearly 2004 - 2013

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    Nepal 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: Total (NPR mn) 1,735,015.267 2021 yearly 1999 - 2021
    Government Debt: External (NPR mn) 934,695.200 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: Miscellaneous Manufactures Articles (NPR mn) 1,911.478 Oct 2025 monthly Aug 2003 - Oct 2025
    Exports: Food & Live Animals (NPR mn) 3,438.554 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: Machinery & Transport Equipments (NPR mn) 35,679.165 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
    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 (NPR mn) 172,833.691 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: India (NPR mn) 20,701.601 Jan 2026 monthly Aug 2003 - Jan 2026
    Imports: cif: Custom Basis: India (NPR mn) 98,392.563 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: China (NPR mn) 174.101 Jan 2026 monthly Apr 2013 - Jan 2026
    Import Value Index (2015=100) 238.930 2021 yearly 1980 - 2021
    Import Volume Index (2015=100) 187.157 2021 yearly 2000 - 2021
    Export Value Index (2015=100) 233.718 2021 yearly 1980 - 2021
    Export Volume Index (2015=100) 171.601 2021 yearly 2000 - 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: Assets (USD mn) 0.000 Jun 2020 quarterly Mar 1977 - Jun 2020
    NP: BoP: Financial Account: Portfolio Investment: Liabilities (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: Financial Account: Direct Investment in Nepal (NPR mn) 1,919.110 Jul 2024 quarterly Oct 2000 - Jul 2024
    BoP: Capital Account (NPR mn) 1,036.240 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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