IndiaTrackerStates / Kerala
Kerala
Prices, jobs, growth and government finances for Kerala, with its rank among the states and union territories that report each figure (1 = highest).
| Kerala | Rank | |
|---|---|---|
| CPI inflation, Sep 2026 | 5.26% | 15 of 36 |
| Unemployment rate, 2025 | 4.4% | 17 of 36 |
| Real GSDP growth, 2024-25 | 6.2% | 26 of 30 |
| Fiscal deficit, % GSDP, 2024-25 | 3.6% | 11 of 25 |
| Debt, % GSDP, end-March 2025 | 37.7% | 6 of 25 |
Consumer prices
CPI inflation: Kerala and all India
% change on a year earlier, as published; dashed line = RBI's 4% target
Jobs
| %, usual status, 15+ | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Unemployment rate | 8.1 | 7.2 | 6.7 | 4.4 |
| Labour force participation | 55.0 | 55.1 | 55.6 | 57.4 |
PLFS annual, calendar years. Small states have small samples, so rates move a lot from year to year.
Growth
| Real GSDP growth, % | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|---|
| Kerala | 0.9 | −8.5 | 11.8 | 5.7 | 6.7 | 6.2 |
Constant 2011-12 prices, MoSPI state domestic product.
Government finances
| % of GSDP | 2020-21 | 2021-22 | 2022-23 Accounts | 2023-24 Revised Estimates | 2024-25 Budget Estimates |
|---|---|---|---|---|---|
| Gross fiscal deficit | 5.3 | 5.0 | 2.5 | 3.6 | 3.6 |
| Outstanding liabilities (end-March) | 40.3 | 39.0 | 37.3 | 37.5 | 37.7 |
| Interest payments | 2.7 | 2.5 | 2.4 | 2.4 | 2.3 |
Site calculations from RBI's Handbook of Statistics on Indian States (GSDP on the 2011-12 base); minus = surplus. Recent years are Revised or Budget Estimates.