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Economy of India vs Nauru compared: GDP & Debt

Updated on by Georank team

India has a GDP of $3.91T compared to $163M for Nauru, ranking 5/197 and 195/197 by economy size, respectively.

India has $3.19T in government debt (81.6% of GDP), compared to $28.3M (17.4% of GDP) in Nauru.

India vs Nauru GDP by year

India
Nauru
1x
Year GDP, current $
India Nauru
2024 $3,909,891,533,858 $162,588,621
2023 $3,638,489,096,034 $151,435,610
2022 $3,346,107,287,731 $152,373,434
2021 $3,167,270,623,260 $175,390,281
2020 $2,674,851,578,587 $124,685,688
2019 $2,835,606,256,558 $125,160,116
2018 $2,702,929,641,649 $130,995,566
2017 $2,651,474,262,755 $109,355,639
2016 $2,294,796,885,663 $97,541,943
2015 $2,103,588,360,045 $84,863,441
2014 $2,039,126,479,155 $99,149,244
2013 $1,856,721,507,622 $94,385,015
2012 $1,827,637,590,410 $101,055,723
2011 $1,823,051,829,895 $65,071,880
2010 $1,675,615,519,485 $47,562,845
2009 $1,341,888,016,995 $44,176,246
2008 $1,198,895,139,006 $37,602,265
2007 $1,216,736,438,835 $22,766,972
2006 $940,259,888,788 $29,200,359
2005 $820,383,763,511 $30,070,666
2004 $709,152,728,831 $30,587,566
2003 $607,700,687,237 $24,778,160
2002 $514,939,140,319 $21,017,424
2001 $485,440,139,204 $22,613,288
2000 $468,395,521,654 $26,930,980
1999 $458,821,052,616 $27,328,613
1998 $421,351,317,225 $29,664,451
1997 $415,867,563,593 $37,331,507
1996 $392,896,866,205 $37,458,801
1995 $360,281,909,643 $39,969,706
1994 $327,274,843,459 $39,742,511
1993 $279,295,648,983 $43,542,088
1992 $288,208,070,278 $51,133,123
1991 $270,105,341,879 $52,533,789
1990 $320,979,026,420 $55,572,376
1989 $296,042,052,945 $53,736,786
1988 $296,589,670,896 $45,931,134
1987 $279,033,584,092 $40,118,410
1986 $248,985,994,041 $39,939,391
1985 $232,511,554,840 $41,548,741
1984 $212,157,645,178 $47,363,231
1983 $218,262,146,413 $48,439,093
1982 $200,715,624,831 $52,877,742
1981 $193,491,368,446 $51,689,637
1980 $186,328,579,302 $46,947,124
1979 $152,995,442,498 $44,431,330
1978 $137,302,319,829 $41,754,147
1977 $121,486,641,441 $40,444,702
1976 $102,716,451,980 $40,287,427
1975 $98,473,832,017 $40,106,776
1974 $99,526,597,934 $35,994,511
1973 $85,517,673,173 $26,529,817
1972 $71,464,700,667 $21,734,269
1971 $67,351,404,352 $19,009,433
1970 $62,422,483,055 $17,570,366
1969 $58,447,995,017 -
1968 $53,085,455,871 -
1967 $50,134,942,204 -
1966 $45,581,230,504 -
1965 $59,556,105,229 -
1964 $56,480,289,941 -
1963 $48,421,923,459 -
1962 $42,161,481,858 -
1961 $39,232,435,784 -
1960 $37,029,883,876 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/india/nauru | CC BY

GDP per capita in India vs Nauru by year

India
GDP per capita

GDP per capita, PPP
Nauru
GDP per capita

GDP per capita, PPP
1x
Year Current $
India Nauru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,695 $11,160 $13,609 $14,173
2023 $2,530 $10,323 $12,752 $13,732
2022 $2,347 $9,207 $12,912 $13,245
2021 $2,240 $8,050 $14,979 $12,112
2020 $1,907 $6,966 $10,709 $10,811
2019 $2,041 $7,151 $10,802 $10,555
2018 $1,966 $6,715 $11,414 $9,657
2017 $1,950 $6,145 $9,657 $9,650
2016 $1,708 $5,800 $8,748 $10,281
2015 $1,584 $5,425 $7,747 $9,955
2014 $1,554 $5,192 $9,230 $9,726
2013 $1,433 $5,014 $8,975 $8,429
2012 $1,429 $4,820 $9,843 $8,153
2011 $1,445 $4,455 $6,444 $6,544
2010 $1,348 $4,206 $4,736 $5,620
2009 $1,095 $3,887 $4,411 $5,568
2008 $993 $3,633 $3,757 $5,863
2007 $1,022 $3,508 $2,272 $4,789
2006 $802 $3,221 $2,910 $5,975
2005 $710 $2,937 $2,992 $5,336
2004 $624 $2,682 $3,041 $5,169
2003 $544 $2,461 $2,463 $5,261
2002 $469 $2,277 $2,085 $5,132
2001 $450 $2,200 $2,232 $5,587
2000 $443 $2,091 $2,649 $5,838
1999 $442 $2,006 $2,683 $6,118
1998 $414 $1,852 $2,909 $6,450
1997 $416 $1,759 $3,661 $7,231
1996 $401 $1,695 $3,679 $7,818
1995 $375 $1,579 $3,932 $8,726
1994 $348 $1,467 $3,921 $9,308
1993 $303 $1,374 $4,310 $9,513
1992 $319 $1,309 $5,103 $11,167
1991 $306 $1,239 $5,333 $13,265
1990 $371 $1,212 $5,776 $16,215
1989 $350 - $5,723 -
1988 $358 - $5,012 -
1987 $345 - $4,485 -
1986 $315 - $4,569 -
1985 $301 - $4,859 -
1984 $281 - $5,654 -
1983 $296 - $5,896 -
1982 $278.7 - $6,577 -
1981 $275 - $6,594 -
1980 $271.1 - $6,138 -
1979 $228 - $5,950 -
1978 $209.4 - $5,721 -
1977 $189.6 - $5,646 -
1976 $164.1 - $5,703 -
1975 $161.1 - $5,740 -
1974 $166.7 - $5,199 -
1973 $146.6 - $3,864 -
1972 $125.3 - $3,191 -
1971 $120.7 - $2,811 -
1970 $114.4 - $2,619 -
1969 $109.5 - - -
1968 $101.6 - - -
1967 $98 - - -
1966 $91 - - -
1965 $121.5 - - -
1964 $117.9 - - -
1963 $103.4 - - -
1962 $92.2 - - -
1961 $87.9 - - -
1960 $84.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/india/nauru | CC BY

India's GDP per capita is $2,695, ranking 143/197, compared to $13,609 in Nauru, ranking 74/197. Adjusted for purchasing power (GDP per capita PPP), India ranks 130th at $11,160, while Nauru ranks 119th at $14,173.

Economic indicators

India Nauru
Gross domestic product
$3.91T
2024
$163M
2024
GDP rank
5/197
2024
195/197
2024
GDP growth
6.49%
2023-2024
1.39%
2023-2024
GDP per capita
$2,695
2024
$13,609
2024
GDP per capita rank
143/197
2024
74/197
2024
GDP per capita, PPP
$11,160
2024
$14,173
2024
GDP per capita PPP rank
130/197
2024
119/197
2024
Government debt
$3.19T
2024
$28.3M
2024
Debt-to-GDP ratio
81.6%
2024
17.4%
2024
Government debt per person
$2,200
2024
$2,367
2024
Government debt per person rank
118/185
2024
113/185
2024
Average annual personal income after taxes
$4,596
2026
$8,783
2026
Market capitalization of domestic companies
$5.13T
2024
n/a
Number of millionaires
917,000
2025
n/a
Number of billionaires
205
2025
n/a
Income share by richest 10%
22.1%
2022
25.3%
2012
Income share by poorest 10%
4.5%
2022
3.4%
2012
Government expenditure, % of GDP
28.4%
2024
122.1%
2024
Consumer prices inflation
4.95%
2023-2024
9.3%
2023-2024
Central bank interest rate
5.25%
2025
n/a
Unemployment rate
4.17%
2024
5.06%
2021
Population
1480351380
12125

Spending and national debt comparison by year

India
Spending

Debt
Nauru
Spending

Debt
1x
Year % of GDP
India Nauru
Government spending Government debt Government spending Government debt
2024 28.4% 81.6% 122.1% 17.4%
2023 27.9% 80.7% 118.1% 20.5%
2022 29.1% 82.2% 134.8% 22.4%
2021 29.9% 83.5% 93% 20.5%
2020 31% 88.4% 109.4% 56.3%
2019 26.8% 75.1% 106% 59.6%
2018 26.3% 70.4% 90.8% 71.1%
2017 26.2% 69.7% 102.3% 78%
2016 27.2% 68.9% 96% 86.3%
2015 27.1% 69% 85.4% 113%
2014 26.2% 67.1% 61.3% 147.7%
2013 26.6% 67.7% 66% 166.9%
2012 27.4% 68% 46% 157.3%
2011 27.6% 68.7% 44.7% 236.8%
2010 28% 67.7% 73.8% 298.9%
2009 28.5% 72.7% 68% 295.6%
2008 29.3% 74.3% - -
2007 26.9% 75.4% - -
2006 26.9% 77.9% - -
2005 26.9% 82.4% - -
2004 28.4% 84.9% - -
2003 29.9% 85.9% - -
2002 29.1% 84.3% - -
2001 28.3% 80.1% - -
2000 26.1% 74.9% - -
1999 25.8% 71.3% - -
1998 26% 69.3% - -
1997 25.2% 69% - -
1996 24.4% 67.1% - -
1995 25% 70.9% - -
1994 26.2% 74.8% - -
1993 26.2% 78.3% - -
1992 26.7% 78.8% - -
1991 27.3% 76.7% - -
1990 25.8% 50.8% - -
1989 25.7% 50.5% - -
1988 24.9% 48.9% - -
1987 22.5% 48.9% - -
1986 23.2% 47.9% - -
1985 21.6% 44.3% - -
1984 19.8% 41.6% - -
1983 17.8% 39.6% - -
1982 17.8% 41.7% - -
1981 16.6% 37.2% - -
1980 17.5% 38% - -
1979 15.6% 32.2% - -
1978 15% 30.8% - -
1977 13.9% 29.9% - -
1976 14.4% 31.3% - -
1975 12.7% 29.5% - -
1974 11.3% 29% - -
1973 12.9% 34.1% - -
1972 13.5% 37.2% - -
1971 12.4% 37.6% - -
1970 11.7% 38.1% - -
1969 11.5% 38.8% - -
1968 12.6% 40.3% - -
1967 13.8% 38.5% - -
1966 13.8% 36.2% - -
1965 13.7% 36.8% - -
1964 13.2% 33.8% - -
1963 12.3% 35.5% - -
1962 11.5% 36.2% - -
1961 11.8% 38.7% - -
1960 11.2% 36.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

GeoRank.org/economy/india/nauru | CC BY

In 2024, India's government spending was $1.11T, accounting for 28.4% of its GDP, while Nauru spent $199M, or 122.1% of GDP.

Debt-to-GDP ratio is 81.6% in India and 17.4% in Nauru, ranking 43/185 and 176/185, respectively.

Government deficit by year

Deficit/surplus
India

Nauru
1x
Year Deficit/surplus, % of GDP
India Nauru
2024 -7.9% 29.8%
2023 -7.4% 19.4%
2022 -8.97% 24.3%
2021 -9.45% 44.5%
2020 -12.9% 42.8%
2019 -7.69% 31%
2018 -6.34% 29.6%
2017 -6.23% 16.2%
2016 -7.12% 18.9%
2015 -7.21% 10.7%
2014 -7.07% 29.6%
2013 -7% 1.71%
2012 -7.55% 8.12%
2011 -8.35% 2.73%
2010 -8.79% 0.09%
2009 -9.7% 0.37%
2008 -9.17% -
2007 -4.59% -
2006 -6.38% -
2005 -7.49% -
2004 -9.22% -
2003 -11.4% -
2002 -11.1% -
2001 -11% -
2000 -8.41% -
1999 -8.7% -
1998 -9.74% -
1997 -8.28% -
1996 -6.71% -
1995 -6.81% -
1994 -8% -
1993 -8.57% -
1992 -7.89% -
1991 -7.9% -
1990 -8.07% -
1989 -7.68% -
1988 -7.01% -
1987 -9.53% -
1986 -10.6% -
1985 -9.58% -
1984 -8.54% -
1983 -7.28% -
1982 -6.78% -
1981 -6.07% -
1980 -7.27% -
1979 -4.87% -
1978 -4.45% -
1977 -4.1% -
1976 -4.1% -
1975 -3.11% -
1974 -2.3% -
1973 -3.53% -
1972 -3.14% -
1971 -2.9% -
1970 -2.35% -
1969 -2.66% -
1968 -3.98% -
1967 -4.97% -
1966 -4.18% -
1965 -4.49% -
1964 -4.41% -
1963 -4.16% -
1962 -3.3% -
1961 -4.1% -
1960 -4.05% -
1959 -5.29% -
1958 -5.08% -
1957 -3.35% -
1956 -2.93% -
1955 -2.77% -
1954 -2.61% -
1953 -1.83% -
1952 0.03% -
1951 -0.5% -
1950 -1.01% -
1949 -0.73% -
1948 -0.82% -
1947 -0.86% -
1946 -2.89% -
1945 -4.4% -
1944 -3.32% -
1943 -3.48% -
1942 -3.62% -
1941 -0.37% -
1940 -0.59% -
1939 -0.32% -
1938 -0.16% -
1937 -0.1% -
1936 -0.45% -
1935 -0.4% -
1934 -0.09% -
1933 0% -
1932 0.03% -
1931 -0.68% -
1930 -1.02% -
1929 -0.91% -
1928 -0.87% -
1927 -0.98% -
1926 -0.88% -
1925 -0.67% -
1924 -0.3% -
1923 -0.66% -
1922 -1.05% -
1921 -1.45% -
1920 -1.57% -
1919 -1.04% -
1918 -0.48% -
1917 -5.69% -
1916 0.25% -
1915 -0.51% -
1914 -0.98% -
1913 -0.85% -
1912 -0.58% -
1911 -0.42% -
1910 -0.85% -
1909 -0.7% -
1908 -1.25% -
1907 -1.22% -
1906 -0.8% -
1905 -2% -
1904 -0.53% -
1903 -0.56% -
1902 -0.56% -
1901 -0.27% -
1900 -1.06% -
1899 -0.56% -
1898 -0.49% -
1897 -1.02% -
1896 -1% -
1895 -0.41% -
1894 -0.5% -
1893 -0.59% -
1892 -0.56% -
1891 -0.64% -
1890 -0.8% -
1889 -0.45% -
1888 -1.94% -
1887 -1.28% -
1886 -0.75% -
1885 -1.48% -
1884 -1.22% -
1883 -0.81% -
1882 -0.77% -
1881 -0.05% -
1880 -0.69% -
1879 -0.39% -
1878 -0.12% -
1877 -0.84% -
1876 -0.8% -
1875 -0.87% -
1874 -0.15% -
1873 -0.28% -
1872 0.31% -
1871 0.42% -
1870 0.19% -
1869 0.01% -
1868 -0.38% -
1867 -0.12% -
1866 -0.31% -
1865 0.21% -
1864 -0.11% -
1863 -0.06% -
1862 0.15% -
1861 -0.16% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1861–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/india/nauru | CC BY

In 2024, India's government deficit, the difference between spending and revenue, was $309B, equivalent to 7.9% of GDP. This compares to Nauru's surplus of $48.4M, or 29.8% of GDP.

Over the past 16 years, India recorded a fiscal deficit in 16 of those years, while Nauru ran a deficit in 0 years. On average, India posted an annual deficit equal to 8.1% of GDP, compared to surplus of 19.4% of GDP for Nauru.

Inflation comparison by year

Inflation
India

Nauru
1x
Year Consumer prices inflation
India Nauru
2024 4.95% 9.3%
2023 5.65% 4.8%
2022 6.7% 1.1%
2021 5.13% 2%
2020 6.62% 0.9%
2019 3.73% 4.1%
2018 3.94% 1.1%
2017 3.33% 4.5%
2016 4.95% 8.1%
2015 4.91% 9.8%
2014 6.67% 0.3%
2013 10% -1.1%
2012 9.48% 0.3%
2011 8.91% -3.4%
2010 12% -2%
2009 10.9% 22.4%
2008 8.35% 1%
2007 6.37% 5.6%
2006 5.8% 19.3%
2005 4.25% 8.7%
2004 3.77% -
2003 3.81% -
2002 4.3% -
2001 3.78% -
2000 4.01% -
1999 4.67% -
1998 13.2% -
1997 7.16% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2005–2024, retrieved 2026-02-20).

GeoRank.org/economy/india/nauru | CC BY

Over the past 20 years, India has recorded an average annual inflation rate of 6.63%, compared with 4.84% in Nauru. In 2024, inflation was 4.95% in India and 9.3% in Nauru.

Top exports between countries

India
Export category Export value
Machinery & equipment $81K
Chemicals & pharma $47K
Textiles & consumer goods $34K
Raw agricultural goods $26K
Wood & paper products $16K
Metals $1K
Miscellaneous $1K
Raw materials & minerals $1K
Nauru
Export category Export value
Machinery & equipment $1K

Balance of trade

India Nauru
Current account balance
-$32.1B
2024
$9.73M
2024
Current account balance ranking
186/190
2024
75/190
2024
Current account balance, % of GDP
-0.82%
2024
+5.98%
2024
Goods imports
$727B
2024
$92.7M
2024
Goods exports
$447B
2024
$25.5M
2024
Service imports
$197B
2024
$88.2M
2024
Service exports
$375B
2024
$64.6M
2024
Imports of goods and services, % of GDP
23.5%
2024
110.5%
2024
Exports of goods and services, % of GDP
21.2%
2024
55.3%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

India Nauru
Economic freedom 52.5 60
Economic freedom ranking 146/197 97/197
Property rights 48.3 n/a
Government integrity 37.8 n/a
Judicial effectiveness 52.6 n/a
Tax burden 71.2 n/a
Government spending 75.7 n/a
Fiscal health 6.7 n/a
Business freedom 67.4 n/a
Labor freedom 59 n/a
Monetary freedom 70.9 n/a
Trade freedom 61 n/a
Investment freedom 40 n/a
Financial freedom 40 n/a

Other economic metrics

India Nauru
Services, % of GDP
49.9%
2024
n/a
Industry, % of GDP
24.6%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
16.3%
2024
n/a
GNI, Atlas method
$3.84T
2024
$244M
2024
GNI per capita, PPP
$11,000
2024
$21,970
2024
Total reserves including gold
$643B
2024
n/a
Total reserves ranking
5/177
2024
n/a
Net foreign direct investment
-$2.89B
2024
$4.51M
2024
Net inflows of foreign direct investment
$27.1B
2024
-$5.85M
2024
Net outflows of foreign direct investment
$24.2B
2024
-$1.34M
2024
Servicing debt to the IMF, % of GNI
2.38%
2024
n/a
Poverty at national poverty lines
21.9%
2011
n/a
Gross capital formation, % of GDP
32.9%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/india/nauru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1861–1990, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.