Malaysia vs Philippines: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Malaysia
- Philippines
How they compare
Philippines currently reports 474.84 billion constant 2015 US$ against 438.62 billion constant 2015 US$ in Malaysia, a difference of 36.23 billion constant 2015 US$.
That makes Philippines's figure about 1.1 times Malaysia's.
Across all 11 years both countries report, Philippines has been ahead every year.
Globally, Malaysia ranks 30th and Philippines ranks 28th of 193 countries.
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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.