The impact of scaling on the gate all around the nanosheet field effect transistor (NSFET) was studied in detail at sub-5-nm nodes for digital and analog/RF applications. When LG is scaled from 20 to 5 nm, ION is improved by 2.1×, IOFF increases by three orders of magnitude, SS increases by 27%, DIBL is increased by 4×, and a Vth roll off of 41 mV is noticed. Further, an enhancement of 3.65× was noticed in cut-off frequency (fT) with scaling of LG from 20 to 5 nm. The complimentary metal oxide semiconductor (CMOS) inverter and ring oscillator’s performance was studied in detail with LG scaling. With LG scaling from 20 to 5 nm, the inverter performance metrics like switching current is increased by 3.87×, propagation delay (τP), energy delay product and power delay product are reduced by 65%, 5.5× and 1.95×, respectively. Moreover, the ring oscillator offers superior performance with an oscillation frequency of 98.05 GHz when LG is scaled to 5nm, which is 157% more than fOSC at LG of 20 nm. Thus the analyses reveal the scaling capability of NSFET at both device and circuit levels for sub-5-nm nodes.