Nepal’s ICT Sector Growth: 1.94% GDP Contribution Expected in FY 2024/25
3rd May 2025, Kathmandu
Nepal’s ICT sector is projected to contribute 1.94% to the national GDP in the fiscal year 2024/25, according to the National Statistics Office (NSO).
Nepal’s ICT Sector Growth
The announcement came with the release of annual national accounts data on April 30, 2025, highlighting the sector’s growing influence on the country’s economy.
Steady Growth in the ICT Sector
The value-added growth rate for the ICT sector is estimated at 4.81% for FY 2024/25. This growth is fueled by rising activity in:
Computer programming and software development
Information services
Internet service transactions
Wireless communication technologies
In comparison, the sector posted a revised growth rate of 4.91% in FY 2023/24 and 4.15% in FY 2022/23. This consistent upward trend underlines the ICT sector’s expanding footprint in Nepal’s digital transformation journey.
Driving Nepal’s Digital Economy
The ICT sector’s growing contribution to GDP reflects the country’s increasing reliance on digital infrastructure and innovation. The rise of cloud computing, cybersecurity services, digital payments, and e-governance initiatives has significantly enhanced economic productivity and service delivery across both public and private sectors.
According to economic analysts, this growth also aligns with the government’s broader goals under the Digital Nepal Framework, which aims to leverage technology for inclusive growth and national development.
Outlook for FY 2024/25
With increased investment in digital infrastructure, a growing talent pool in tech education, and a rise in digital startups, experts forecast further expansion of Nepal’s ICT ecosystem. Policies supporting data privacy, cybersecurity, and AI adoption are expected to play a vital role in sustaining this growth.
Conclusion
The ICT sector’s projected 1.94% contribution to GDP in FY 2024/25 marks a significant milestone in Nepal’s economic evolution. As the country continues to embrace digital technologies, the sector is well-positioned to become a key pillar of sustainable development.
The latest data from the National Statistics Office reveals that Nepal’s ICT sector is projected to contribute 1.94% to GDP in FY 2024/25, signaling consistent growth and increasing importance to the national economy.
For Nepal’s tech industry, the key lesson is the need to capitalize on emerging areas such as software development, internet services, and wireless technologies.
With the sector’s value-added growth at 4.81%, there is a clear opportunity to scale innovation, invest in digital skills, and strengthen cybersecurity. Aligning with government strategies like the Digital Nepal Framework can further accelerate impact and position the industry as a core economic driver.
For more: Nepal’s ICT Sector Growth
