Nepal: Terms of trade adjustment (constant LCU)

Key figures

What the numbers say

In 2025, Nepal's terms of trade adjustment (constant LCU) rose 2.81 billion on 2024 (from 35.17 billion to 37.98 billion).

Across the 23 yearly changes before that (2002 to 2024), the average change was +790.33 million and a typical year strayed about 6.99 billion from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 15.91 billion in 2024 and the biggest yearly fall was 10.73 billion in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 2.72 billion a year. A straight line explains 65% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Nepal had the 42nd highest value of the 128 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Nepal in the 2025 ranking

• Mauritania — 39th of 128: 50.28 billion
• Czechia — 40th of 128: 47.02 billion
• Nicaragua — 41st of 128: 39.12 billion
• Malaysia — 43rd of 128: 36.88 billion
• Rwanda — 44th of 128: 34.45 billion
• North Macedonia — 45th of 128: 27.8 billion

What this measures

The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 25 values

Terms of trade adjustment (constant LCU) in nearby economies

• Bangladesh — 39,501 (2025)
• Bhutan — -6.63 billion (2024)
• India — -130.76 billion (2025)
• Maldives — -13.84 billion (2024)
• Sri Lanka — -265.67 billion (2025)

More economic policy & debt data for Nepal

• Total reserves, including gold (current US$) — US$21.1 billion (2025)
• Total reserves, excluding gold (current US$) — US$19.98 billion (2025)
• Services, value added (current US$) — US$24.73 billion (2025)
• Services, value added (current LCU) — 3.37 trillion (2025)
• Services, value added (% of GDP) — 54.37% (2025)
• Gross Value Added (GVA) at basic prices (current US$) — US$40.02 billion (2025)
• Gross Value Added (GVA) at basic prices (current LCU) — 5.45 trillion (2025)
• GDP (current US$) — US$45.49 billion (2025)
• GDP (current LCU) — 6.2 trillion (2025)
• GDP (constant 2015 US$) — US$36.54 billion (2025)

Reading data like this

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Questions people ask

What is Nepal's terms of trade adjustment (constant LCU)?

37.98 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is up 123.5% from 16.99 billion in 2001 (3.41% a year on average, compounded). The highest value was 37.98 billion in 2025 and the lowest -16.21 billion in 2014.

How does Nepal rank?

42nd highest of 128 economies with data for 2025.

Is the latest change in terms of trade adjustment (constant LCU) unusual for Nepal?

In 2025, Nepal's terms of trade adjustment (constant LCU) rose 2.81 billion on 2024 (from 35.17 billion to 37.98 billion). Across the 23 yearly changes before that (2002 to 2024), the average change was +790.33 million and a typical year strayed about 6.99 billion from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.TTF.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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