 Visakhapatnam, a major commercial city in Andhra Pradesh | |
| 1 April – 31 March | |
| Statistics | |
| GDP | ₹15.40 lakh crore (US$185 billion) (2023–24 AE) [1] |
| GDP rank | 8th |
GDP growth | 16.22%(2022–23 AE)[2] |
GDP per capita | ₹270,295 (US$3,239) (2023–2024 AE)[3] |
GDP per capita rank | 16th |
GDP by sector | Agriculture 40% Industry 19% Services 41% (2020–21)[4] |
Population below poverty line |  22.2% in poverty (2022-23)[5] |
 0.650 medium (2018) (27th)[6] | |
Labour force by occupation | Agriculture 55% Industry 10% Services 35% (2015)[7] |
| Unemployment | 20.0% (Nov 2020)[8] |
| Public finances | |
| 80.79% of GSDP (2022–23 est.)[4] | |
| ₹−48,724 crore (US$−5.8 billion) (3.64% of GSDP) (2022–23 est.)[4] | |
| Revenues | ₹1.91 lakh crore (US$23 billion) (2022–23 est.)[4] |
| Expenses | ₹2.40 lakh crore (US$29 billion) (2022–23 est.)[4] |
All values, unless otherwise stated, are in US dollars. | |
The economy of the Indian state of Andhra Pradesh is primarily dependent on agriculture, which directly and indirectly employs 62% of the population.[9] GSDP as per the first revised estimate, for the year 2023-24 is ₹15,40,000 crore.[10]The state is ranked 1st in the country for the year 2021-22 in terms of the Gross State Domestic Product (GSDP) growth at constant prices with growth rate of 11.43%. [11] The state GSDP is expected to grow at a rate of 17% for the year 2023-24.[12]
The state achieved overall 4th rank in SDG India Report for the year 2020-21, with first rank in SDG-7 (affordable energy) & second rank in Goal-14 (Life below water).[2]
The state has been ranked the best state in ease of doing business in the country for the year 2016 by the World Bank.[13]
- ^ "AP poised to register 17% growth in GSDP Read more at: http://timesofindia.indiatimes.com/articleshow/107276791.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst". The Times of India. 31 January 2024.
{{cite news}}: External link in|title= - ^ a b M, Sambasiva Rao (16 March 2023). "Andhra Pradesh posts a growth of 16.22% over the previous year". The Hindu. Retrieved 25 March 2023.
- ^ "Gross State Value added by economic activity at current prices". mospi.gov.in.
- ^ a b c d e "Andhra Pradesh Budget Analysis 2022-23". PRS Legislative Research. Retrieved 22 March 2022.
- ^ "SDGs India Index". NITI Aayog. 30 January 2024.
- ^ "Sub-national HDI – Area Database". Global Data Lab. Institute for Management Research, Radboud University. Archived from the original on 23 September 2018. Retrieved 25 September 2018.
- ^ "Andhra Pradesh Budget Analysis 2016-17" (PDF). PRS Legislative Research. Archived from the original (PDF) on 4 April 2019. Retrieved 19 November 2016.
- ^ "Unemployment Rate in India". Centre for Monitoring Indian Economy. Retrieved 3 November 2020.
- ^ "Socio-economic Survey of Andhra Pradesh" (PDF). Archived from the original (PDF) on 6 June 2017.
- ^ "AP poised to register 17% growth in GSDP". The Times of India. 31 January 2024.
- ^ GVR, Subba Rao (16 March 2023). "A.P. Budget session: Buggana presents ₹2.79 lakh crore Budget for FY 2023-24". The Hindu. Retrieved 25 March 2023.
- ^ "AP poised to register 17% growth in GSDP". The Times of India. 31 January 2024.
- ^ S, Arun (31 October 2016). "A.P., Telangana top in ease of doing business". The Hindu. ISSN 0971-751X. Retrieved 4 January 2018.
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