Services, Debit/Expenditure in India
India: Services, Debit/Expenditure was 196.68 billion in 2024. ▲ Rising
Services, Debit/Expenditure in India, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, debit/expenditure in India stood at 196.68 billion. That is the highest value across all 20 years on record.
That represents a change of up 10.2% on the previous year and up 142.5% over ten years.
Over the whole period, services, debit/expenditure in India peaked at 196.68 billion in 2024 and was at its lowest, 47.17 billion, in 2005.
India ranks 11th of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in India, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 47.17 billion | — |
| 2006 | 58.51 billion | +24.1% |
| 2007 | 70.17 billion | +19.9% |
| 2008 | 55.56 billion | -20.8% |
| 2009 | 53.03 billion | -4.6% |
| 2010 | 78.91 billion | +48.8% |
| 2011 | 77.76 billion | -1.5% |
| 2012 | 79.92 billion | +2.8% |
| 2013 | 78.72 billion | -1.5% |
| 2014 | 81.12 billion | +3.0% |
| 2015 | 82.64 billion | +1.9% |
| 2016 | 95.92 billion | +16.1% |
| 2017 | 109.37 billion | +14.0% |
| 2018 | 124.18 billion | +13.5% |
| 2019 | 130.53 billion | +5.1% |
| 2020 | 116.04 billion | -11.1% |
| 2021 | 137.97 billion | +18.9% |
| 2022 | 176.84 billion | +28.2% |
| 2023 | 178.40 billion | +0.9% |
| 2024 | 196.68 billion | +10.2% |
India compared with similar countries
- India's 196.68 billion is above the median for lower middle income countries, which is 2.37 billion, 82.9× the median. (46 countries reporting)
- India's 196.68 billion is above the median for South Asia, which is 2.87 billion, 68.5× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 56.89 billion | 47.17 billion | 70.17 billion | 5 |
| 2010s | 93.91 billion | 77.76 billion | 130.53 billion | 10 |
| 2020s | 161.19 billion | 116.04 billion | 196.68 billion | 5 |
Countries ranked near India
- 8 Netherlands 261.82 billion compare
- 9 Japan 246.31 billion compare
- 10 Switzerland 203.34 billion compare
- 12 Belgium 164.25 billion compare
- 13 South Korea 162.65 billion compare
- 14 Italy 160.17 billion compare
More trade data for India
- Commodity Net Export Price Index, Individual Commodities Weighted by 118.71 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.2 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.39 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 79.11 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 98.21 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 70.44 (2025)
- Imports of low carbon technology products, Percent of GDP 0.5122 (2024)
- Imports of low carbon technology products, US dollar (World), per 13.8 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0053 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 11.10 billion (2024)
Frequently asked questions
- What is services, debit/expenditure in India?
- Services, debit/expenditure in India was 196.68 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in India?
- The highest recorded value was 196.68 billion in 2024.
- What is the lowest services, debit/expenditure recorded in India?
- The lowest recorded value was 47.17 billion in 2005.
- How does India rank for services, debit/expenditure?
- India ranks 11th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in India?
- Over the last ten years it is up 142.5%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.