In this paper, the impact of scaling on the gate all around the nanosheet field effect transistor (GAA NSFET) is assessed in detail at sub-5-nm nodes for digital and analog/RF applications. The gate length (L-G) is downscaled from 20 nm to 5 nm to analyse the various DC and analog/RF performance metrics by fixing the remaining device design parameters. When L-G is downscaled from 20 nm to 5 nm, I (ON) is improved by 2.1x, I (OFF) increases by three orders in magnitude, SS increases by 27%, DIBL is increased by 4x, and a V-th roll off of 41 mV is noticed. Further, an enhancement of 3.65x was noticed in cut-off frequency (f (T)) with downscaling of L-G from 20 nm to 5 nm. On top of that, the circuit level performance is analysed with L-G scaling. The lookup table based Verilog-A model is used in the Cadence Virtuoso tool to demonstrate the circuit performance. The CMOS inverter and ring oscillator's performance was studied in detail with L-G scaling. With L-G scaling from 20 nm to 5 nm, the inverter performance metrics like switching current (I (SC)) is increased by 3.87x, propagation delay (tau(P)), energy delay product (EDP) and power delay product (PDP) are reduced by 65%, 5.5x and 1.95x respectively. Moreover, the ring oscillator offers superior performance with an oscillation frequency (f (OSC)) of 98.05 GHz when L-G is scaled to 5 nm, which is 157% more than f (OSC) at L-G of 20 nm. Thus, with downscaling DC performance degraded due to the SCEs. However, the RF performance of the device improved with downscaling of L-G towards lower nodes. Thus, the analyses reveal the scaling capability of NSFET at both device and circuit levels for sub-5-nm nodes.