India: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| India |
Trade balance as percent of GDP |
|---|---|
| Latest value | -2.05 |
| Reference | 2021 |
| Measure | percent |
| Source | The World Bank |
For that indicator, we provide data for India from 1960 to 2021. 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 2021 is -2.05 percent. For comparison, the world average in 2021 based on 130
countries is -4.19 percent.
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* indicates monthly or quarterly data series
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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).