Among the seven provinces of Nepal, Gandaki is seen to be at the forefront in terms of economic growth. The provincial gross domestic product (GDP) report published by the National Statistics Office on Monday has preliminary estimates that the economic growth rate of Gandaki province will be the highest at 4.61 percent in the current fiscal year at basic prices. In terms of consumer prices, the economic growth rate of this province is estimated to be 5.51 percent.

After Gandaki, the province with the highest economic growth rate in the current financial year is Bagmati. This year, the economic growth rate of this province at basic prices is expected to be 5.18 percent. According to the

report, the economic growth rate of Koshi at basic prices in the current fiscal year is estimated to be 3.34 percent, Madhesh 4.50 percent, Lumbini 4.70 percent, Karnali 4.74 percent and Sudurpaschim 3.32 percent. Based on the actual data of the current fiscal year up to 9 months (last March) and the estimated data of the next three months (from April to June), the office has released the provincial accounting data.

By the end of this financial year, the size of the economy is estimated to reach 61 trillion 7 billion gross domestic product (GDP). Compared to last year, the size of GDP is expected to increase by around 4 trillion rupees this year. Last year, the size of GDP will remain at 57 trillion 4 billion rupees. 

Office estimates that Bagmati will contribute 36.52 percent and Karnali least 4.19 percent of this year's total GDP. Koshi's share in national GDP is 15.90 percent, Lumbini's 14.23, Madhesh's 13.16, Gandaki's 8.98 and Sudurpaschim's share 7.03 percent. "According to the revised estimate of the last financial year 2080/81, the regional contribution to GDP has changed only marginally," the report of the office said, "compared to last year, the contribution of Koshi, Gandaki, Lumbini, Karnali and Sudurpaschi has decreased marginally, while the contribution of Madhesh and Bagmati has increased marginally. In this financial year, the gross domestic product of Bagmati is estimated to be around 22 trillion 30 billion at consumer prices, while the revised estimate for the last fiscal year is around 20 trillion 69 billion. "Growth rate of gross domestic product was 3.70 percent in the last financial year and it is estimated to be 5.18 percent this year," said the report.

According to the National Statistics Office report, Bagmati is the richest among the provinces. According to the report, the per capita GDP of Bagmati is 2,602 US dollars. The second richest state is Gandaki. GDP per capita of this province is 1 thousand 619 dollars. The per capita GDP of Koshi is 1,401 US dollars, Lumbini is 1,201 dollars, Sudurpaschim is 1,153 dollars, Karnali is 1,089 dollars and Madhesh is 932 dollars. According to this, the per capita GDP of Nepal as a whole is 1,434 US dollars.

This year, the per capita income of Nepalis is estimated to reach 1 thousand 517 US dollars. The revised estimate is that the per capita national income of the last fiscal year will be 1,467 dollars. According to the office, the per capita income in the financial year 2079/80 is 1,410 US dollars.

Looking at the economic activities according to the industrial classification, the contribution of the agricultural sector is the highest in all the provinces except Bagmati in the last financial year and in this financial year. But in Bagmati, the contribution of wholesale and retail trade sector is the highest. Dhundiraj Lamichhane, the spokesperson of the National Statistics Office, said that this is due to increasing urbanization in Bagmati, increasing population, and large commercial transactions at the national level. 

"The business sector, which occupies the second share at the national level, remains in the second share in Koshi and Madhesh, while in Bagmati, the share of real estate transactions and own housing services is the second," said Bhattarai, "In Gandaki, Lumbini, Karnali and Sudurpaschim provinces, the contribution of public administration and defense sector is seen in the second place. Except for Bagmati, Madhesh and Karnali, the contribution of administrative support services activities to the GDP of all provinces is the lowest. The annual National Accounts Estimates Report published by the National Statistics Office has made a preliminary estimate of the country's economic growth rate at basic prices of 3.99 percent in the fiscal year 2081/82. In the current fiscal year, the government has set a target of 6 percent economic growth. 

In the last fiscal year, there was a negative growth rate in the industry, construction, and business sectors, but this year there will be positive growth, but the overall economic growth rate of the country will be around 4 percent only, the office said. 

In the last fiscal year, the economic growth rate of Nepal at basic prices was initially estimated to be 3.54 percent, but it has been revised to 3.36 percent. This projection of the office is lower than that projected by the government and donor agencies such as the World Bank, Asian Development Bank, etc. for this year. For the year 2025, the World Bank has predicted 4.5 and ADB 4.4 percent economic growth.