Mongolia vs Philippines: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Mongolia
- Philippines
How they compare
Mongolia currently reports 29.95 trillion constant LCU against 23.23 trillion constant LCU in Philippines, a difference of 6.72 trillion constant LCU.
That makes Mongolia's figure about 1.3 times Philippines's.
The two have swapped places 1 time across 45 shared years of data; in 1981 it was Philippines ahead.
Globally, Mongolia ranks 26th 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.