Australia vs South Korea: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Australia
- South Korea
How they compare
South Korea currently reports 1.81 trillion constant 2015 US$ against 1.59 trillion constant 2015 US$ in Australia, a difference of 219.90 billion constant 2015 US$.
That makes South Korea's figure about 1.1 times Australia's.
The two have swapped places 1 time across 51 shared years of data; in 1975 it was Australia ahead.
Globally, Australia ranks 10th and South Korea ranks 7th of 193 countries.
Individual pages
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.