India recorded a Current Account deficit of 2.30 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in India averaged -1.18 percent from 1970 until 2018, reaching an all time high of 2.30 percent in 2003 and a record low of -4.80 percent in 2012.

Current Account to GDP in India is expected to be -2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Current Account to GDP is projected to trend around -1.50 percent in 2020, according to our econometric models.

India Current Account to GDP
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India Trade Last Previous Highest Lowest Unit
Balance of Trade -15360.00 -15330.00 258.90 -20210.90 USD Million [+]
Current Account -16899.55 -19057.15 7360.00 -31857.18 USD Million [+]
Current Account to GDP -2.30 -1.90 2.30 -4.80 percent [+]
Imports 45350.00 41400.00 45350.00 117.40 USD Million [+]
Exports 29990.00 26070.00 32550.00 59.01 USD Million [+]
External Debt 521200.00 510400.00 529685.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -76.35 -21.31 766.97 -271.47 USD Million [+]
Foreign Direct Investment 4381.00 2444.00 8569.00 -1336.00 USD Million [+]
Remittances 12589.15 14468.42 14468.42 5999.10 USD Million [+]
Tourist Arrivals 610590.00 771353.00 1191147.00 129286.00 [+]
Gold Reserves 607.00 598.60 607.00 357.75 Tonnes [+]
Crude Oil Production 683.00 686.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.57 7.53 8.09 7.22 [+]
Weapons Sales 46.00 56.00 56.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - India Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -1.90 2.30 -4.80 1970 - 2018 percent Yearly




Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 3.00 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -2.60 Dec/18
Indonesia -3.00 Dec/18
South Africa -3.50 Dec/18
Turkey -3.50 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18


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