The Gross Domestic Product (GDP) of Sudurpashchim Province is estimated to reach NPR 4.30 trillion in the fiscal year 2081/82. According to the annual report of the Economic Activity Study 2081/82 published by the Nepal Rastra Bank, the province is expected to achieve a GDP growth rate of 3.28% during the year.
Preliminary estimates suggest that Sudurpashchim will contribute 0.703% to Nepal’s total GDP in the current fiscal year. By major industrial classification, the Agriculture, Forestry, and Fisheries sector contributes the most at 34.72%, while the Administrative and Support Services sector contributes the least at 0.13%. These trends are consistent with the previous fiscal year 2080/81, where agriculture led with 33% and administration remained lowest at 0.13%.
Growth Estimates by Value
For FY 2081/82:
- GDP at current prices: NPR 4.30 trillion
- Economic growth rate: 3.32% at consumer prices, 2.71% at basic prices
- Sectoral growth rate at basic prices:
- Primary sector: 2.82%
- Secondary sector: 2%
- Tertiary sector: 2.09%
Agriculture and Crop Production
The major crops—food and other crops, vegetables, fruits, and spices—showed a 2.16% increase in cultivated area and 2.77% growth in production.
- Highest growth: Oilseeds (+18.89%) and potatoes (+16.11%)
- Largest decline: Buckwheat (-77.88%)
Animal-based production showed growth as well:
- Fish: +10.36%
- Meat: +0.79%
- Wool: +3.27%
- Eggs: +1.76%
Bank loans to agriculture accounted for 10.14% of total loans in the province. However, by Ashad 2082, agriculture loans decreased by 3.41% compared to Ashad 2081, totaling NPR 1.596 billion.
Industry and Tourism
- Average industrial capacity utilization for sampled industries: 34.47%
- A drop in aggregate demand led to a decline in overall industrial production
- Total bank loans to the industrial sector increased by 4.37% compared to Ashad 2081, reaching NPR 2.672 billion
- Sampled hotels: Average occupancy 36.40%
Real Estate and Banking
- House and land registrations: +37.50%
- Registration revenue: +37.62%
- Total bank deposits: +16.30% compared to last Ashad
- Loan disbursement: +2.98%
- Registered vehicles: +35.07%
- Bank loans to service sector: 72.88% of total loans
Government Budget Utilization
- Current expenditure utilization: 75.66% of allocated budget
- Capital expenditure utilization: 66.47% of allocated budget
These figures indicate steady economic growth in Sudurpashchim Province, with agriculture remaining the dominant contributor, while services, industry, and tourism show moderate improvements.