This study identified summer and annual drought events using the Standard Precipitation Index (SPI) for 107 stations across Nepal from 1977 to 2018. For this, frequency, duration, and severity of drought events were investigated. The SPI4 and SPI12 time scales were interpolated to illustrate the spatial patterns of major drought episodes and their severity. A total of 13 and 24 percent of stations over the country showed a significant decreasing trend for SPI4 and SPI12. Droughts were recorded during El Niño and non-El Niño years in Nepal. Among them, 1992 was the worst drought year, followed by the drought year, 2015. More than 44 percent of the locations in the country were occupied under drought conditions during these extreme drought events. Droughts have been recorded more frequently in Nepal since 2005. The areas of Nepal affected by extreme, severe, and moderate drought in summer were 8, 9, and 18 percent, while during annual events they were 7, 11, and 17 percent, respectively. Generally, during the drought years, the SPI and Southern Oscillation Index (SOI) have a strong phase relation compared to the average years.