Laos vs Russia: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Laos
- Russia
How they compare
Laos currently reports 140.16 trillion constant LCU against 94.66 trillion constant LCU in Russia, a difference of 45.51 trillion constant LCU.
That makes Laos's figure about 1.5 times Russia's.
The two have swapped places 1 time across 26 shared years of data; in 2000 it was Russia ahead.
Globally, Laos ranks 16th and Russia ranks 17th of 197 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 varies by country. This series is expressed in local currency units.