Finance & Economy | News & Insights

Nepal Economy Update

Published: April 20, 2024
Author: TEXTILE VALUE CHAIN

Highlights:

  • Consumer Price Inflation has moderated in mid-February to 5% (y-o-y), down from 5.3% last month.
  • Foreign exchange reserves reached a historical high of USD 13.89 billion in mid-February.
  • Tourist arrivals in Nepal saw a surge in mid-February (33% y-o-y), reversing from a downward trend for the past 3 months.
  • The total trade deficit widened to Rs 118 billion in mid-February from Rs 114 billion in the previous month.
  • Balance of payments (BoP) recorded a surplus of Rs 297.7 billion in the first seven months of the fiscal year.

Nepal_Economy_Update_-_March_2024

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