India: Trade balance, percent of GDP
(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series
India: Trade balance as percent of GDP
: For that indicator, we provide data for India from 1960 to 2019. The average value for India during that period was -1.89 percent with a minimum of -6.72 percent in 2012 and a maximum of 0.57 percent in 1976. The latest value from 2019 is -2.69 percent. For comparison, the world average in 2019 based on 142 countries is -3.75 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The trade balance for India and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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