Debt service as a proportion of exports of goods, services and in India
India: Debt service as a proportion of exports of goods, services and was 2.8% in 2023. ◆ Volatile
Latest (2023)
2.8%
Change on year
up 25.2%
World rank
106th
of 125 countries
All-time high
20.4%
in 2003
All-time low
1.7%
in 2012
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in India, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for debt service as a proportion of exports of goods, services and in India is 2.8%, measured in 2023.
Compared with earlier readings it is up 25.2% on the previous year and up 24.7% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in India peaked at 20.4% in 2003 and was at its lowest, 1.7%, in 2012.
India ranks 106th of 125 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in India, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 15.4% | — |
| 2001 | 12.8% | -16.8% |
| 2002 | 16.1% | +25.9% |
| 2003 | 20.4% | +27.0% |
| 2004 | 7.7% | -62.2% |
| 2005 | 9.7% | +25.5% |
| 2006 | 3.0% | -68.6% |
| 2007 | 4.1% | +34.4% |
| 2008 | 4.7% | +14.3% |
| 2009 | 2.4% | -48.0% |
| 2010 | 1.7% | -28.2% |
| 2011 | 1.8% | +0.9% |
| 2012 | 1.7% | -4.5% |
| 2013 | 2.3% | +34.4% |
| 2014 | 2.7% | +19.8% |
| 2015 | 3.1% | +13.9% |
| 2016 | 5.1% | +64.1% |
| 2017 | 2.8% | -45.0% |
| 2018 | 4.2% | +52.1% |
| 2019 | 2.9% | -31.3% |
| 2020 | 5.1% | +76.4% |
| 2021 | 2.4% | -52.6% |
| 2022 | 2.3% | -7.4% |
| 2023 | 2.8% | +25.2% |
India compared with similar countries
- India's 2.8% is below the median for lower middle income countries, which is 7.0%, 40% of the median. (41 countries reporting)
- India's 2.8% is below the median for South Asia, which is 8.9%, 32% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.6% | 2.4% | 20.4% | 10 |
| 2010s | 2.8% | 1.7% | 5.1% | 10 |
| 2020s | 3.2% | 2.3% | 5.1% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 35.69 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 24.38 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 39.10 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 44.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0099 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.87 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in India?
- Debt service as a proportion of exports of goods, services and in India was 2.8% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in India?
- The highest recorded value was 20.4% in 2003.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in India?
- The lowest recorded value was 1.7% in 2012.
- How does India rank for debt service as a proportion of exports of goods, services and?
- India ranks 106th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in India?
- Over the last ten years it is up 24.7%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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