Economy, jobs and prices in Goa, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹585,953 in 2023-24 at current prices; 2nd highest of 33 with figures. Five years earlier it was ₹423,716, a rise of 38% before inflation.
How big is Goa's economy?
The state's economy (gross state domestic product) was worth ₹1.07 lakh crore (₹1.07 trillion) in 2023-24 at current prices, 13.7% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Goa?
In 2023-24 services made up 42.3% of the value added in Goa's economy, manufacturing 33.6% and crop farming 2.2%, at current prices.
Source: Reserve Bank of India · saved copyHow much food does Goa grow?
Farmers in Goa produced 80,100 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 0.02% of India's harvest; 4th smallest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Goa?
Unemployment in Goa in 2023-24 was 8.9% in rural areas and 8.2% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was 9th highest of 35.
Source: Reserve Bank of India · saved copyWhat is inflation in Goa?
Consumer prices in Goa rose 3.5% on average in 2024-25, and food and drink prices by 5.4% (all-India: 4.6%). Over the same year fuel and light prices fell 6.9% and urban housing costs rose 2.4%.
Source: Reserve Bank of India · saved copyDo banks lend in Goa?
Commercial banks in Goa held ₹1.21 lakh crore of deposits at the end of March 2025, about ₹757,500 per resident, and had lent ₹34,505 crore: a credit-deposit ratio of 26.7% (all-India: 80.1%; 2nd lowest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Goa produced 64,000 tonnes of milk in 2023-24, 0.03% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 9.94 million visits to Goa in 2024 (0.3% of all domestic tourist visits; 16th fewest of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 3,418 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- 7.1% of the electricity fed into Goa's grid was lost in transmission and distribution in 2022-23, through technical losses, theft and unbilled supply (all-India: 17.7%). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Goa 77 out of 100 on the Sustainable Development Goals India Index in 2023; joint 4th highest of 36. Source: Reserve Bank of India · saved copy
How Goa compares with other states
Urban unemployment rate (usual status) (2023-24)
Goa ranks 9 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 6 | Jammu and Kashmir | 11.4% |
| 7 | Nagaland | 11.3% |
| 8 | Himachal Pradesh | 9.0% |
| 9 | Goa | 8.2% |
| 10 | Rajasthan | 7.7% |
| 11 | Chhattisgarh | 7.6% |
| 12 | Manipur | 7.5% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Goa ranks 35 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 30 | Uttarakhand | 41.5% |
| 31 | Meghalaya | 40.3% |
| 32 | Jharkhand | 39.3% |
| 33 | Himachal Pradesh | 37.8% |
| 34 | Arunachal Pradesh | 31.0% |
| 35 | Goa | 26.7% |
| 36 | Lakshadweep | 12.7% |
More on Goa: overview · health · education and schools · government budget · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 153: State-wise Credit-Deposit Ratio of Scheduled Commercial Banks - According to Place of Sanction, read 23 October 2026 · saved copy (SHA-256 536e5d4415d4…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 108: State-wise Average Inflation (CPI) - General, read 23 October 2026 · saved copy (SHA-256 1dd5a612f16c…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 62: State-wise Production of Total Foodgrains, read 23 October 2026 · saved copy (SHA-256 7674a11e229b…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 21: Gross State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 307860e934ba…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 91: State-wise Milk Production, read 23 October 2026 · saved copy (SHA-256 3607285ce982…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 19: Per Capita Net State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 1f90818b79f1…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 138: State-wise Per Capita Availability of Power, read 23 October 2026 · saved copy (SHA-256 3004b58b5f81…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 106: State-wise Sustainable Development Goals (SDGs) Score, read 23 October 2026 · saved copy (SHA-256 f18c2f57a295…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 49: Gross State Value Added by Economic Activity - Services (Current Prices), read 23 October 2026 · saved copy (SHA-256 231843665df0…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 148: State-wise Electricity Transmission & Distribution Losses, read 23 October 2026 · saved copy (SHA-256 7ba079aa2389…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 13: State-wise Domestic Tourist Visits, read 23 October 2026 · saved copy (SHA-256 14ecc37284d7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 9: State-wise Unemployment Rate: Usual Status (Adjusted) (Urban), read 23 October 2026 · saved copy (SHA-256 4eef6c004595…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.