Services, Debit/Expenditure in India

India: Services, Debit/Expenditure was 196.68 billion in 2024. β–² Rising

Latest (2024)
196.68 billion
Change on year
up 10.2%
World rank
11th
of 198 countries
All-time high
196.68 billion
in 2024
All-time low
47.17 billion
in 2005
Years of data
20
2005–2024

Services, Debit/Expenditure in India, 2005–2024

50.0B100.0B150.0B200.0B2005201420242005: 47.2B2006: 58.5B2007: 70.2B2008: 55.6B2009: 53.0B2010: 78.9B2011: 77.8B2012: 79.9B2013: 78.7B2014: 81.1B2015: 82.6B2016: 95.9B2017: 109.4B2018: 124.2B2019: 130.5B2020: 116.0B2021: 138.0B2022: 176.8B2023: 178.4B2024: 196.7B

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 8 Netherlands, The 261.82 billion compare
  2. 9 Japan 246.31 billion compare
  3. 10 Switzerland 203.34 billion compare
  4. 12 Belgium 164.25 billion compare
  5. 13 Korea, Republic of 162.65 billion compare
  6. 14 Italy 160.17 billion compare

See the full ranking of 207 places β†’

More trade data for India

All data for India β†’

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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Services, Debit/Expenditure in India. Statizoid, drawing on International Monetary Fund. Retrieved 18 August 2026, from https://trade.statizoid.com/stat/services-debit-expenditure-us-dollar/india/

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About this data

Indicator
Services, Debit/Expenditure (US dollar)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
207 places, 3,864 data points, 2005–2024
Last refreshed

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.