Impact of gross domestic product and inflation on import in nepal

Abstract

Researcher has completed his research on the Impact of GDP, GDP gr, Per capita Income, Inflation on Import in Nepal. The general objective of study analyze the trend and growth of gross domestic product GDP, Gross domestic product growth rate, per capita income (PCI), Inflation and import of impact volume of Nepal and effects of GDP and Inflation on import and specific objective to analyze the trend and growth of GDP, GDP (gr), per capita income (PCI), Inflation and Import in Nepal, examine the association between GDP, GDP (gr), per capita income (PCI), inflation and Import of Nepal and assess the impact of GDP, GDP (gr), per capital income (PCI) and Inflation on Import in Nepal. The study was completed under the descriptive and causal research resign taking data from the year 1991 to 2023. The statistical model correlation and regression line used to analyze the data. Data collected from the secondary sources from the Nepal Rastra Banks. The correlation between Import and GDP (Gr) is weakly negative, suggesting a minor inverse relationship. Import also demonstrates a robust positive correlation with PCI, reflecting a connection between higher imports and increased per capita income. GDP exhibits an exceptionally strong positive correlation with PCI, highlighting a near-perfect relationship between overall economic output and per capita income. On the other hand, there is a weak negative correlation between GDP and Inflation, implying a slight inverse association. GDP (Gr) and PCI show a weak negative correlation, indicating a modest tendency for higher per capita income to be associated with lower growth in nominal GDP. The correlation between GDP (Gr) and Inflation is moderately positive, signaling a potential link between higher growth in nominal GDP and increased inflation. Lastly, PCI and Inflation display a weak negative correlation, suggesting a mild inverse relationship between per capita income and inflation. The inclusion of statistical significance indicators underscores the reliability of these correlations. The model exhibited substantial statistical significance, as evidenced by the F-statistic of 311.04 with a corresponding p-value less than 0.05. Which explain the Nepal’s import volume 98.90 percent. Keywords: Gross domestic product (GDP), Gross domestic growth rate (GDPgr), per capital income (PCI), inflation (Inf) and Import (M).