Madagascar vs Philippines: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Madagascar
- Philippines
How they compare
Philippines currently reports 23.23 trillion constant LCU against 22.03 trillion constant LCU in Madagascar, a difference of 1.19 trillion constant LCU.
That makes Philippines's figure about 1.1 times Madagascar's.
The two have swapped places 1 time across 51 shared years of data; in 1960 it was Madagascar ahead.
Globally, Madagascar ranks 30th and Philippines ranks 29th 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.