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Economy of India vs Vatican compared: GDP & Debt

Updated on by Georank

India has a GDP of $3.96T compared to $19.8M for the Vatican, ranking 6/197 and 197/197 by economy size, respectively.

India vs Vatican GDP by year

India
Vatican
1x
Year GDP, current $
India Vatican
2025 $3,956,067,115,772 -
2024 $3,760,813,470,501 -
2023 $3,500,906,030,645 -
2022 $3,249,938,492,013 -
2021 $3,167,270,623,260 -
2020 $2,674,851,578,587 -
2019 $2,835,606,256,558 -
2018 $2,702,929,641,649 -
2017 $2,651,474,262,755 -
2016 $2,294,796,885,663 -
2015 $2,103,588,360,045 -
2014 $2,039,126,479,155 -
2013 $1,856,721,507,622 -
2012 $1,827,637,590,410 -
2011 $1,823,051,829,895 -
2010 $1,675,615,519,485 -
2009 $1,341,888,016,995 -
2008 $1,198,895,139,006 -
2007 $1,216,736,438,835 -
2006 $940,259,888,788 -
2005 $820,383,763,511 -
2004 $709,152,728,831 -
2003 $607,700,687,237 -
2002 $514,939,140,319 -
2001 $485,440,139,204 -
2000 $468,395,521,654 -
1999 $458,821,052,616 -
1998 $421,351,317,225 -
1997 $415,867,563,593 -
1996 $392,896,866,205 -
1995 $360,281,909,643 -
1994 $327,274,843,459 -
1993 $279,295,648,983 -
1992 $288,208,070,278 -
1991 $270,105,341,879 -
1990 $320,979,026,420 -
1989 $296,042,052,945 -
1988 $296,589,670,896 -
1987 $279,033,584,092 -
1986 $248,985,994,041 -
1985 $232,511,554,840 -
1984 $212,157,645,178 -
1983 $218,262,146,413 -
1982 $200,715,624,831 -
1981 $193,491,368,446 -
1980 $186,328,579,302 -
1979 $152,995,442,498 -
1978 $137,302,319,829 -
1977 $121,486,641,441 -
1976 $102,716,451,980 -
1975 $98,473,832,017 -
1974 $99,526,597,934 -
1973 $85,517,673,173 -
1972 $71,464,700,667 -
1971 $67,351,404,352 -
1970 $62,422,483,055 -
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 (1960–2025, retrieved 2026-07-08).

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

Economic indicators

India Vatican
Gross domestic product
$3.96T
2025
$19.8M
2026
GDP rank
6/197
2025
197/197
2026
GDP growth
7.57%
2024-2025
n/a
GDP per capita
$2,702
2025
$19,800
2026
GDP per capita rank
149/197
2025
61/197
2026
GDP per capita, PPP
$11,160
2024
$39,191
2026
GDP per capita PPP rank
130/197
2024
59/197
2026
Government debt
$3.33T
2025
n/a
Debt-to-GDP ratio
84.1%
2025
n/a
Government debt per person
$2,272
2025
n/a
Government debt per person rank
116/185
2025
n/a
Average annual personal income after taxes
$2,974
2026
$18,688
2026
Market capitalization of domestic companies
$10.6T
2025
n/a
Number of millionaires
944,000
2026
n/a
Number of billionaires
229
2026
n/a
Income share by richest 10%
22.1%
2022
n/a
Income share by poorest 10%
4.5%
2022
n/a
Government expenditure, % of GDP
28.5%
2025
n/a
Consumer prices inflation
2.4%
2024-2025
n/a
Central bank interest rate
5.25%
2025
n/a
Unemployment rate
4.51%
2025
n/a
Population
1483314140
939

Balance of trade

India Vatican
Current account balance
-$16.5B
2025
n/a
Current account balance ranking
182/190
2025
n/a
Current account balance, % of GDP
-0.42%
2025
n/a
Goods imports
$761B
2025
n/a
Goods exports
$450B
2025
n/a
Service imports
$203B
2025
n/a
Service exports
$412B
2025
n/a
Imports of goods and services, % of GDP
24%
2025
n/a
Exports of goods and services, % of GDP
22.3%
2025
n/a

Economic freedom indices

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

India Vatican
Economic freedom 52.5 65
Economic freedom ranking 146/197 69/197
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 Vatican
Services, % of GDP
49.3%
2025
n/a
Industry, % of GDP
25.2%
2025
n/a
Agriculture, forestry, and fishing, % of GDP
16.2%
2025
n/a
GNI, Atlas method
$4.04T
2025
n/a
GNI per capita, PPP
$11,600
2025
n/a
Total reserves including gold
$700B
2025
n/a
Total reserves ranking
5/177
2025
n/a
Net foreign direct investment
-$3.41B
2025
n/a
Net inflows of foreign direct investment
$27.1B
2024
n/a
Net outflows of foreign direct investment
$24.2B
2024
n/a
Servicing debt to the IMF, % of GNI
2.47%
2024
n/a
Poverty at national poverty lines
21.9%
2011
n/a
Gross capital formation, % of GDP
34.6%
2025
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  5. Central Intelligence Agency (CIA) (2019–2026, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.