Goods and services expense in India
India: Goods and services expense was 2.33 trillion current LCU in 2022. ◆ Volatile
Goods and services expense in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, goods and services expense in India stood at 2.33 trillion current LCU. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 53.8% over ten years.
Over the whole period, goods and services expense in India peaked at 2.33 trillion current LCU in 2022 and was at its lowest, 12.47 billion current LCU, in 1974.
That places India 23rd out of 155 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.79 billion current LCU | 12.47 billion current LCU | 23.35 billion current LCU | 6 |
| 1980s | 64.62 billion current LCU | 27.16 billion current LCU | 117.02 billion current LCU | 10 |
| 1990s | 222.15 billion current LCU | 123.89 billion current LCU | 366.73 billion current LCU | 10 |
| 2000s | 649.56 billion current LCU | 381.13 billion current LCU | 965.37 billion current LCU | 10 |
| 2010s | 1.63 trillion current LCU | 1.18 trillion current LCU | 1.98 trillion current LCU | 9 |
| 2020s | 2.33 trillion current LCU | 2.33 trillion current LCU | 2.33 trillion current LCU | 1 |
Countries ranked near India
- 20 Kazakhstan 3.35 trillion current LCU compare
- 21 Mongolia 3.12 trillion current LCU compare
- 22 Russia 2.52 trillion current LCU compare
- 24 Costa Rica 1.66 trillion current LCU compare
- 25 Cote d'Ivoire 1.42 trillion current LCU compare
- 26 Ukraine 1.38 trillion current LCU compare
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Tax revenue 6.9% (2022)
- Taxes on income, profits and capital gains 34.8% (2022)
- Taxes on goods and services 32.6% (2022)
- Net investment in nonfinancial assets 0.9% (2022)
- Net lending (+) / net borrowing (-) -5.3% (2022)
- Interest payments 34.0% (2022)
- Grants and other revenue 26.0% (2022)
- Interest payments 23.2% (2022)
- Other taxes 1.0% (2022)
Frequently asked questions
- What is goods and services expense in India?
- Goods and services expense in India was 2.33 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in India?
- The highest recorded value was 2.33 trillion current LCU in 2022.
- What is the lowest goods and services expense recorded in India?
- The lowest recorded value was 12.47 billion current LCU in 1974.
- How does India rank for goods and services expense?
- India ranks 23rd out of 155 countries with data for 2022.
- Is goods and services expense rising or falling in India?
- Over the last ten years it is up 53.8%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.