Guinea vs Laos: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Guinea
- Laos
How they compare
Laos currently reports 140.16 trillion constant LCU against 88.48 trillion constant LCU in Guinea, a difference of 51.68 trillion constant LCU.
That makes Laos's figure about 1.6 times Guinea's.
Across all 26 years both countries report, Laos has been ahead every year.
Globally, Guinea ranks 18th and Laos ranks 16th 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.