Goods and services expense in India
India: Goods and services expense was 6.5% in 2022. ▼ Falling
Goods and services expense in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in India is 6.5%, measured in 2022. That is the lowest value across all 46 years on record.
That represents a change of down 31.0% over ten years.
Over the whole period, goods and services expense in India peaked at 18.5% in 1975 and was at its lowest, 6.5%, in 2022.
That places India 136th out of 154 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 46 years of available data.
Goods and services expense in India, year by year
| Year | % of expense | Change |
|---|---|---|
| 1974 | 18.0% | — |
| 1975 | 18.5% | +2.8% |
| 1976 | 18.1% | -1.8% |
| 1977 | 16.3% | -10.4% |
| 1978 | 15.4% | -5.3% |
| 1979 | 15.3% | -0.3% |
| 1980 | 15.8% | +2.8% |
| 1981 | 16.8% | +6.6% |
| 1982 | 16.6% | -1.4% |
| 1983 | 16.1% | -2.9% |
| 1984 | 14.9% | -7.3% |
| 1985 | 14.9% | +0.2% |
| 1986 | 16.8% | +12.7% |
| 1987 | 15.9% | -5.8% |
| 1988 | 15.5% | -2.3% |
| 1989 | 14.9% | -4.2% |
| 1990 | 13.9% | -6.5% |
| 1991 | 13.2% | -5.0% |
| 1992 | 12.4% | -6.2% |
| 1993 | 13.9% | +12.4% |
| 1994 | 13.6% | -2.4% |
| 1995 | 14.5% | +6.5% |
| 1996 | 12.6% | -13.1% |
| 1997 | 11.8% | -6.4% |
| 1998 | 12.0% | +1.6% |
| 1999 | 12.5% | +4.2% |
| 2000 | 11.6% | -7.2% |
| 2001 | 12.3% | +6.0% |
| 2002 | 11.6% | -5.1% |
| 2003 | 11.0% | -5.0% |
| 2004 | 13.0% | +18.2% |
| 2005 | 12.7% | -2.8% |
| 2006 | 11.2% | -11.7% |
| 2007 | 10.5% | -6.0% |
| 2008 | 9.8% | -7.1% |
| 2009 | 9.0% | -7.8% |
| 2010 | 9.4% | +4.4% |
| 2011 | 9.3% | -0.5% |
| 2012 | 9.4% | +0.8% |
| 2013 | 8.7% | -7.2% |
| 2014 | 8.5% | -2.8% |
| 2015 | 8.9% | +5.0% |
| 2016 | 7.8% | -13.1% |
| 2017 | 7.2% | -7.3% |
| 2018 | 6.7% | -6.9% |
| 2022 | 6.5% | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.9% | 15.3% | 18.5% | 6 |
| 1980s | 15.8% | 14.9% | 16.8% | 10 |
| 1990s | 13.0% | 11.8% | 14.5% | 10 |
| 2000s | 11.3% | 9.0% | 13.0% | 10 |
| 2010s | 8.4% | 6.7% | 9.4% | 9 |
| 2020s | 6.5% | 6.5% | 6.5% | 1 |
Countries ranked near India
- 133 Austria 6.6% compare
- 134 Netherlands 6.6% compare
- 135 Madagascar 6.6% compare
- 137 United States of America 6.5% compare
- 138 Lithuania 6.4% compare
- 139 Germany 6.2% compare
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.805 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -21.66 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 59.36 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0229 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.66 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 86.13 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 501.48 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in India?
- Goods and services expense in India was 6.5% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in India?
- The highest recorded value was 18.5% in 1975.
- What is the lowest goods and services expense recorded in India?
- The lowest recorded value was 6.5% in 2022.
- How does India rank for goods and services expense?
- India ranks 136th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in India?
- Over the last ten years it is down 31.0%. The long-run trend across the full record is falling.
- Where does this India data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.