India: Trade balance as percent of GDP, 1960 - 2020:
For that indicator, we provide data for India from 1960 to 2020. The average value for India during that period was -1.86 percent with a minimum of -6.72 percent in 2012 and a maximum of 0.57 percent in 1976.
The latest value from 2020 is -0.32 percent. For comparison, the world average in 2020 based on 139
countries is -5.58 percent.
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* indicates monthly or quarterly data series
Recent values
Longer historical series
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).
