Nepal Remittances

Flows, destinations, and trends — personal remittances received in USD millions

Record FY2024/25: Nepal Rastra Bank data shows remittance inflows reached a record high of ~$9.8B in FY2024/25. Gulf states (Qatar, Saudi Arabia, UAE, Kuwait) account for ~46% of total inflows. Labor permits issued in 2023: 468,000+.

Remittances (2024)

🛡Nepal Rastra Bank

$9,800

▲21.9% YoY

Remittances % of GDP (2024)

🛡Nepal Rastra Bank (NRB BOP)

22.2%

Labor Permits Issued 2023

🛡Nepal Rastra Bank (NRB BOP)

468,000

Nepal Personal Remittances Received (USD millions)

USD millions

🌐World Bank WDIUpdated: Apr 1, 2025

World Bank WDI BX.TRF.PWKR.CD.DT. NRB BOP data for 2024 (record high ~$9.8B).

Remittance as % of GDP

percent

🛡Nepal Rastra Bank (NRB BOP)Updated: Apr 1, 2025

Nepal is one of the most remittance-dependent economies globally. The falling % reflects GDP growth (denominator growing), not declining remittances.

Remittances by Destination 2023 (USD millions)

USD millions

🛡Nepal Rastra Bank (NRB BOP)Updated: Apr 1, 2025

Top 8 destinations. India flows largely informal and may be undercounted. Source: NRB BOP worker remittance + DoFE labor data.

Destination Trends 2017–2023 (USD millions)

USD millions

🛡Nepal Rastra Bank (NRB BOP)Updated: Apr 1, 2025

Qatar, Saudi Arabia, UAE, USA, Malaysia — 5 largest remittance sources by trend. Qatar saw boost from FIFA World Cup 2022 construction.

Labor Permits Issued 2023 (by country)

Qatar

108,420

UAE

89,350

Saudi Arabia

75,820

Malaysia

62,400

Kuwait

38,200

Bahrain

18,400

South Korea (EPS)

14,800

Japan

12,600

Source: DoFE (Dept. of Foreign Employment) Nepal — approved labor permits FY2022/23