There is provided a cost-effective stainless steel pipe having excellent expandability for oil country tubular goods, the stainless steel pipe having excellent CO2 corrosion resistance under a severe corrosive environment containing CO2, Cl−, and the like. The stainless steel pipe having excellent expandability for oil country tubular goods contains 0.05% or less C, 0.50% or less Si, Mn: 0.10% to 1.50%, 0.03% or less P, 0.005% or less S, 10.5% to 17.0% Cr, 0.5% to 7.0% Ni, 3.0% or less Mo, 0.05% or less Al, 0.20% or less V, 0.15% or less N, and 0.008% or less O, optionally at least one selected from Nb, Cu, Ti, Zr, Ca, B, and W, in a specific content, and the balance being Fe and incidental impurities, wherein a microstructure mainly having a tempered martensitic phase has an austenitic phase content exceeding 20%.