India: Trade (% of GDP)
In , India's Trade (% of GDP) was 44.65.
That's down 0.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . India ranks #131 globally out of 160 reporting countries. Within South Asia, it ranks #2 of 5.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 55.79
- Trough
- 37.76
- 1-year change
- -0.8%
- 5-year change
- +11.9%
- +2.3% / yr
- 10-year change
- -8.7%
- -0.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 44.6493 | |
| 44.9928 | |
| 50.0753 | |
| 45.4231 | |
| 37.7581 | |
| 39.9054 | |
| 43.6170 | |
| 40.7425 | |
| 40.0825 | |
| 41.9229 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was India's Trade (% of GDP) in 2024?
- In 2024, India's Trade (% of GDP) was 44.65, according to World Bank Open Data.
- Is India's Trade (% of GDP) rising or falling?
- India's Trade (% of GDP) fell 0.8% from 2023 to 2024.
- How does India rank globally on Trade (% of GDP)?
- In 2024, India ranked #131 out of 160 countries reporting Trade (% of GDP).
- How does India's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so India is below the world average. Within South Asia, it ranks #2 of 5.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.