Friday 26th April 2024
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 | 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.
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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