Wednesday 27th May 2020

COVID-19 Restricts Bagmati State’s GDP Growth to 1.23%

However, the state is set to be the largest contributor to the nation’s GDP with 35.84% in FY 2019-20.
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COVID-19 Restricts Bagmati State’s GDP Growth to 1.23%

Even though the number of coronavirus cases in Nepal is almost negligible, the pandemic has not ceased to inflict socio-economic implications on the country.

According to the Central Bureau of Statistics (CBS), the GDP growth of Bagmati Province, the largest contributor to the Nepali economy, will plunge to 1.23% in the current FY 2019-20.

The CBS has made the projections based on the economic activities in the first eight months of the current FY and the possible impact of COVID-19 for the rest of the fiscal.

Province Wise GDP of Nepal 2020

Province Projected GDP Growth in FY 2019-20 GDP Growth in FY 2018-19 Contribution to Nation’s GDP in FY 2019-20
Sudurpaschim 4.08% 6.9% 7.21%
Karnali 3.56% 8.10% 4.27%
Province 1 3.41% 7.4% 15.82%
Gandaki 2.68% 6.65% 8.90%
Province 2 2.28% 8.12% 13.78%
Province 5 2% 6.78% 14.18%
Bagmati 1.23% 6.4% 35.84%

Even though Bagmati State is projected to witness the lowest GDP growth, it is set to retain the position as the largest contributor to the nation’s GDP with 35.84% in the current FY.

Province Wise GDP of Nepal 2020

Source: Nepalindata

The CBS has estimated that the Bagmati State will contribute around NPR 1.35 trillion to the estimated country’s total GDP of NPR 3.76 trillion in current FY.

ALSO READ: Nepal Province-2 Reports ‘Highest’ 94 COVID-19 Cases

So far, Nepal has reported 219 COVID-19 cases and zero death cases. However, 33 patients were recovered after a successful recovery.

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