Current account balance as a proportion of gdp in India
India: Current account balance as a proportion of gdp was -0.9 in 2023. ◆ Volatile
Current account balance as a proportion of gdp in India, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for current account balance as a proportion of gdp in India is -0.9, measured in 2023.
Compared with earlier readings it is up 61.9% on the previous year and up 66.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in India peaked at 1.44 in 2003 and was at its lowest, -5, in 2012.
That places India 97th out of 191 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of gdp in India, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -0.98 | — |
| 2001 | 0.29 | -129.6% |
| 2002 | 1.37 | +372.4% |
| 2003 | 1.44 | +5.1% |
| 2004 | 0.11 | -92.4% |
| 2005 | -1.25 | -1236.4% |
| 2006 | -0.99 | -20.8% |
| 2007 | -0.66 | -33.3% |
| 2008 | -2.58 | +290.9% |
| 2009 | -1.95 | -24.4% |
| 2010 | -3.25 | +66.7% |
| 2011 | -3.43 | +5.5% |
| 2012 | -5 | +45.8% |
| 2013 | -2.65 | -47.0% |
| 2014 | -1.34 | -49.4% |
| 2015 | -1.07 | -20.1% |
| 2016 | -0.53 | -50.5% |
| 2017 | -1.44 | +171.7% |
| 2018 | -2.43 | +68.8% |
| 2019 | -1.05 | -56.8% |
| 2020 | 1.22 | -216.2% |
| 2021 | -1.06 | -186.9% |
| 2022 | -2.36 | +122.6% |
| 2023 | -0.9 | -61.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.52 | -2.58 | 1.44 | 10 |
| 2010s | -2.22 | -5 | -0.53 | 10 |
| 2020s | -0.775 | -2.36 | 1.22 | 4 |
Countries ranked near India
More economy & growth data for India
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- GDP (current US$), annual growth rate 5.19 % change on previous year (2025)
- GDP (current US$), per capita 2,702 current US$ per person (2025)
- GDP (current LCU), annual growth rate 8.61 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 87.33 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 235,999 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 7.57 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9337 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,523 constant 2015 US$ per person (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in India?
- Current account balance as a proportion of gdp in India was -0.9 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in India?
- The highest recorded value was 1.44 in 2003.
- What is the lowest current account balance as a proportion of gdp recorded in India?
- The lowest recorded value was -5 in 2012.
- How does India rank for current account balance as a proportion of gdp?
- India ranks 97th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in India?
- Over the last ten years it is up 66.0%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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