Economy of Kerala

Source	Ministry of Statistics and Programme Implementation
Date	29 Dec 2025

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Top 10 largest economies by GDP

Telangana has the 8th largest economy among Indian states, as the GDP of the state in the year 2024-25 is estimated at ₹16.41 lakh crore. With 2.72% of the country's population, Telangana contributed 4.72% to the national GDP in 2023-24. The GSDP of Telangana is almost half of that of the largest South Indian state, Tamil Nadu, and 1.03x that of Andhra Pradesh.

Telangana has a GDP (nominal) of around 194 billion US dollars in 2024. The economy of Telangana is equivalent to that of Ukraine, the 58th largest economy in the world.

Telangana's real GSDP growth rate for 2024-25 was 8.08%, the 8th highest in India. During the period 2012-24, it has the average growth rate of 7.51%, the 7th highest in the country.

In 2024-25, Telangana’s per capita income was ₹387,623, 1.89 times the national average. Telangana ranked 5th among 34 states and union territories and highest in South India. The nominal GDP per capita of Telangana Pradesh is estimated at 4,912 dollars in 2024; that is equivalent to that of Samoa, the 115th richest economy in the world.

In 2024-25, the services (tertiary) sector contributed 67.16% of the state’s Gross State Value Added (GSVA), followed by the primary sector (17.00%) and the secondary sector (15.83%).

GDP of Kerala
Year	At current prices (crore INR)				At 2011-12 prices (crore INR)
Year	GSDP	GSVA	NSDP	NSVA	GSDP	GSVA	NSDP	NSVA
2011-12	364,048	336,293	328,021	30,026,634	364,048	336,293	328,021	30,026,634
2012-13	412,313	381,283	371,384	34,035,399	387,693	356,355	348,616	31,727,708
2013-14	465,041	429,100	417,265	38,132,405	402,781	371,651	364,707	33,357,691
2014-15	512,564	471,809	460,614	41,985,947	419,956	385,870	382,134	34,804,833
2015-16	561,994	509,137	505,910	45,305,374	451,210	406,480	411,150	36,642,020
2016-17	634,886	570,248	570,591	50,595,255	485,302	435,371	443,615	39,368,483
2017-18	701,588	634,884	632,094	56,538,930	516,190	460,754	473,182	41,774,603
2018-19	788,286	696,182	712,161	62,005,801	554,228	480,226	510,787	43,678,466
2019-20	812,935	730,193	727,722	64,498,015	559,194	493,974	515,453	45,023,310
2020-21	771,724	685,793	680,798	59,486,744	511,703	444,982	464,052	39,733,160
2021-22	924,465	823,032	819,176	71,774,254	571,983	500,993	524,259	45,326,939
2022-23	1,038,734	928,470	918,997	80,873,298	604,633	534,321	554,665	48,435,358
2023-24	1,135,372	1,013,793	1,008,632	88,705,287	645,310	568,207	593,796	51,669,305
2024-25	1,248,533	1,115,950	1,111,229	97,864,664	685,283	605,665	626,426	54,680,854

GDP per capita of Kerala
Year	Per capita at current prices (INR)		Per capita at 2011-12 prices (INR)
Year	GSDP	NSDP	GSDP	NSDP
2011-12	108,666	97,912	108,666	97,912
2012-13	122,471	110,314	115,158	103,551
2013-14	137,516	123,388	119,105	107,846
2014-15	150,823	135,537	123,573	112,444
2015-16	164,555	148,133	132,117	120,387
2016-17	184,979	166,246	141,397	129,251
2017-18	203,399	183,252	149,650	137,181
2018-19	227,397	205,437	159,878	147,347
2019-20	233,338	208,879	160,506	147,951
2020-21	220,400	194,432	146,140	132,531
2021-22	259,878	230,280	160,792	147,376
2022-23	290,832	257,307	169,289	155,299
2023-24	316,612	281,269	179,952	165,587
2024-25	346,436	308,338	190,149	173,818

GDP Growth of Kerala
Year	Growth (%) at current prices (INR)		Growth (%) at 2011-12 prices (INR)
Year	GSDP	NSDP	GSDP	NSDP
2012-13	13.26	13.22	6.50	6.28
2013-14	12.79	12.35	3.89	4.62
2014-15	10.22	10.39	4.26	4.78
2015-16	9.64	9.83	7.44	7.59
2016-17	12.97	12.79	7.56	7.90
2017-18	10.51	10.78	6.36	6.66
2018-19	12.36	12.67	7.37	7.95
2019-20	3.13	2.19	0.90	0.91
2020-21	-5.07	-6.45	-8.49	-9.97
2021-22	19.79	20.33	11.78	12.97
2022-23	12.36	12.19	5.71	5.80
2023-24	9.30	9.75	6.73	7.05
2024-25	9.97	10.17	6.19	5.50

Sectorwise GDP of Kerala
	Sector	GVA (Rupees in Lakh) at current prices		GVA (Rupees in Lakh) at 2011-12 prices
	Sector	2024-25	% share	2024-25	% share
1	Primary Sector	10,101,328	9.05	4,883,746	8.06
1.1	Agriculture, forestry & fishing	9,801,950	8.78	4,626,148	7.64
1.11	Crops	3,874,773	3.47	2,502,427	4.13
1.12	Livestock	2,700,766	2.42	1,118,862	1.85
1.13	Forestry & logging	1,458,008	1.31	467,485	0.77
1.14	Fishing and aquaculture	1,768,403	1.58	537,374	0.89
1.2	Mining & quarrying	299,377	0.27	257,598	0.43
2	Secondary Sector	26,413,082	23.67	17,253,372	28.49
2.1	Manufacturing	10,225,133	9.16	7,920,373	13.08
2.2	Electricity, gas, water supply & other utility services	1,526,237	1.37	798,048	1.32
2.3	Construction	14,661,712	13.14	8,534,951	14.09
3	Tertairy Sector	75,080,616	67.28	38,429,423	63.45
3.1	Trade, repair, hotels and restaurants	23,962,036	21.47	11,560,960	19.09
3.11	Trade & repair services	21,546,579	19.31	10,390,649	17.16
3.12	Hotels & restaurants	2,415,457	2.16	1,170,311	1.93
3.2	Transport, storage, communication & services related to broadcasting	7,630,421	6.84	4,455,439	7.36
3.21	Railways	268,104	0.24	146,575	0.24
3.22	Road transport	4,526,863	4.06	2,737,394	4.52
3.23	Water transport	81,903	0.07	43,537	0.07
3.24	Air transport	253,137	0.23	131,880	0.22
3.25	Services incidental to transport	222,746	0.20	175,033	0.29
3.26	Storage	19,811	0.02	9,481	0.02
3.27	Communication & services related to broadcasting	2,257,857	2.02	1,211,538	2.00
3.3	Financial services	5,813,450	5.21	3,288,441	5.43
3.4	Real estate, ownership of dwelling & professional services	19,648,600	17.61	10,565,325	17.44
3.5	Public administration	4,754,269	4.26	2,261,740	3.73
3.6	Other services	13,271,839	11.89	6,297,518	10.40
	GVA at basic prices	111,595,026		60,566,541