Economy, jobs and prices in Kerala, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹308,338 in 2024-25 at current prices; 7th highest of 25 with figures. Five years earlier it was ₹208,879, a rise of 48% before inflation.
Is Kerala's economy growing?
After allowing for inflation (2011-12 prices), income per person grew 5.0% in 2024-25; 4th slowest of 25 with figures.
Source: Reserve Bank of India · saved copyHow big is Kerala's economy?
The state's economy (gross state domestic product) was worth ₹12.49 lakh crore (₹12.49 trillion) in 2024-25 at current prices, 10.0% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Kerala?
In 2024-25 services made up 67.3% of the value added in Kerala's economy (3rd highest of 25 with figures), manufacturing 9.2% (9th lowest of 25 with figures) and crop farming 3.5% (4th lowest of 25 with figures), at current prices.
Source: Reserve Bank of India · saved copyHow much food does Kerala grow?
Farmers in Kerala produced 517,600 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 0.1% of India's harvest; 10th smallest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Kerala?
Unemployment in Kerala in 2023-24 was 7.6% in rural areas and 6.7% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was joint 18th highest of 35.
Source: Reserve Bank of India · saved copyHow much do farm workers earn in Kerala?
A man working as a general farm labourer in rural Kerala earned on average ₹869 a day in 2024-25 (all-India: ₹398); the highest of 19 with figures. Rural day rates for men were ₹923 for construction workers and ₹748 for non-farm labourers.
Source: Reserve Bank of India · saved copyWhat is inflation in Kerala?
Consumer prices in Kerala rose 5.9% on average in 2024-25, and food and drink prices by 8.2% (all-India: 4.6%). Over the same year fuel and light prices fell 5.1% and urban housing costs rose 2.0%.
Source: Reserve Bank of India · saved copyDo banks lend in Kerala?
Commercial banks in Kerala held ₹8.95 lakh crore of deposits at the end of March 2025, about ₹247,800 per resident, and had lent ₹6.33 lakh crore: a credit-deposit ratio of 68.8% (all-India: 80.1%; 13th highest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Kerala produced 2,580,000 tonnes of milk in 2023-24, 1.1% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 22.25 million visits to Kerala in 2024 (0.8% of all domestic tourist visits; 18th most of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 880 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- 13.5% of the electricity fed into Kerala'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 Kerala 79 out of 100 on the Sustainable Development Goals India Index in 2023; joint highest of 36. Source: Reserve Bank of India · saved copy
How Kerala compares with other states
Income per person (NSDP per capita, current prices) (2024-25)
Kerala ranks 7 of 25, highest first.
| Rank | Region | Income per person (NSDP per capita, current prices) |
|---|---|---|
| 4 | Tamil Nadu | ₹361,619 |
| 5 | Haryana | ₹353,182 |
| 6 | Maharashtra | ₹309,340 |
| 7 | Kerala | ₹308,338 |
| 8 | Puducherry | ₹281,478 |
| 9 | Uttarakhand | ₹274,064 |
| 10 | Andhra Pradesh | ₹266,240 |
Urban unemployment rate (usual status) (2023-24)
Kerala ranks 19 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 16 | Chandigarh | 7.1% |
| 17 | Odisha | 6.8% |
| 18 | Uttar Pradesh | 6.7% |
| 19 | Kerala | 6.7% |
| 20 | Puducherry | 6.5% |
| 21 | Andhra Pradesh | 5.9% |
| 22 | Jharkhand | 5.8% |
Services share of the economy (GSVA) (2024-25)
Kerala ranks 3 of 25, highest first. Share of gross state value added at current prices.
| Rank | Region | Services share of the economy (GSVA) |
|---|---|---|
| 1 | Delhi | 86.6% |
| 2 | Karnataka | 68.1% |
| 3 | Kerala | 67.3% |
| 4 | Telangana | 67.2% |
| 5 | Maharashtra | 64.3% |
| 6 | Jammu and Kashmir | 61.5% |
| 7 | West Bengal | 58.3% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Kerala ranks 13 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 10 | Manipur | 76.6% |
| 11 | Puducherry | 72.0% |
| 12 | Chandigarh | 71.9% |
| 13 | Kerala | 68.8% |
| 14 | Haryana | 68.4% |
| 15 | Karnataka | 67.7% |
| 16 | Assam | 62.7% |
More on Kerala: 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 20: Per Capita Net State Domestic Product (Constant Prices), read 23 October 2026 · saved copy (SHA-256 0861a3b6a0df…)
- 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…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 113: State-wise Average Daily Wage Rates in Rural India (Men - General Agricultural Labourers), read 23 October 2026 · saved copy (SHA-256 6f4995aec2fa…)
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