Goods and services expense in India
India: Goods and services expense was 6.5% in 2022. ▼ Falling
Goods and services expense in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in India is 6.5%, measured in 2022. That is the lowest value across all 46 years on record.
That represents a change of down 31.0% over ten years.
Over the whole period, goods and services expense in India peaked at 18.5% in 1975 and was at its lowest, 6.5%, in 2022.
That places India 136th out of 154 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 46 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.9% | 15.3% | 18.5% | 6 |
| 1980s | 15.8% | 14.9% | 16.8% | 10 |
| 1990s | 13.0% | 11.8% | 14.5% | 10 |
| 2000s | 11.3% | 9.0% | 13.0% | 10 |
| 2010s | 8.4% | 6.7% | 9.4% | 9 |
| 2020s | 6.5% | 6.5% | 6.5% | 1 |
Countries ranked near India
- 133 Austria 6.6% compare
- 134 Netherlands 6.6% compare
- 135 Madagascar 6.6% compare
- 137 United States 6.5% compare
- 138 Lithuania 6.4% compare
- 139 Germany 6.2% 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 6.5% 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 18.5% in 1975.
- What is the lowest goods and services expense recorded in India?
- The lowest recorded value was 6.5% in 2022.
- How does India rank for goods and services expense?
- India ranks 136th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in India?
- Over the last ten years it is down 31.0%. The long-run trend across the full record is falling.
- 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.