Macroeconomic Indicators of Seven Provinces of Nepal

Macroeconomic Indicators of Seven Provinces of Nepal

The constitution of Nepal 2015 has defined Nepal as a federal democratic republican state and has divided Nepal into seven different provinces. Each province is divided into districts and each district is further divided into local levels. There are altogether 77 districts and 753 in local levels in Nepal. Out of 753 local labels, there are 460 rural municipalities, 276 municipalities, 11 sub Metropolitan cities, and six Metropolitan cities in Nepal.

The major macroeconomic indicators of the seven provinces of Nepal are explained as follows:

1. Size of provincial-level Gross Domestic Product: Out of the total GDP of Nepal, the contribution of Bagmati Province is estimated to have the highest with 34.5 9% and that of Karnali province is estimated to have the lowest with 4.3 4% in the fiscal year 2019-20.

2. Growth rate of GDP by province: With a 2.27 % growth rate of GDP of the country, Sudurpaschim province is estimated to have the highest growth rate with 3.99%, whereas Baggmati province is estimated to have the lowest growth rate with only 1.23 % in the fiscal year 2019-20.

3. Per Capita Income by province: The per capita gross national income of the Bagmati province is the highest at US dollar 1917 and the lowest of Karnali province with US dollar 597 in the fiscal year 2018-19.

4. Unemployment rate by province: The average unemployment rate in Nepal is 11.4%. The unemployment rate of province number 2 has been the highest with the 20.1 % while the unemployment rate of Bagmati province has been the lowest with only 7 percent.

5. Province wise budget and status of Expenditure: Out of the total expenditure, the highest 31.7% budget has been spent in province number 5 and the lowest 9.7% has been expended in province number 2.

The major macroeconomic indicators of the seven provinces of Nepal can also be explained by the help of the following schedule:

Table: Major macroeconomic indicators of the seven provinces of Nepal

Source: Economic Survey, 2019/20, National Accounts of Nepal, 2019/20

HTML Table showing Macroeconomic Indicators of Seven Provinces of Nepal

Macroeconomic Indicators of Seven Provinces of Nepal	Fiscal Year	Provinces of Nepal							Nepal
		Province 1	Province 2	Bagmati Province	Gandaki Province	Province 5	Karnali Province	Sudurpaschim Province
Size of GDP (at basic price) in million Rs.	2019/20	518,748	454,941	1,109,904	287,170	461,586	139,401	236,769	3,208,519
Share of Provincial GDP	2019/20	16.17	14.18	34.59	8.95	14.39	4.34	7.38	100
GDP growth in Percent	2019/20	3.31	2.32	1.23	2.61	2.01	3.55	3.99	2.27
PCI in US$	2018/19	919	645	1,917	1,192	803	597	683	1.51
Unemployment Rate in Percent	2017/18	10.2	20.1	7	9	11.2	9.7	11.5	11.4

           Source: Economic Survey, 2019/20, National Accounts of Nepal, 2019/20