Australia vs Hong Kong: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Australia
- Hong Kong
How they compare
Hong Kong currently reports 3.06 trillion constant LCU against 2.54 trillion constant LCU in Australia, a difference of 521.14 billion constant LCU.
That makes Hong Kong's figure about 1.2 times Australia's.
Across all 26 years both countries report, Hong Kong has been ahead every year.
Globally, Australia ranks 65th and Hong Kong ranks 63rd of 197 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 varies by country. This series is expressed in local currency units.