Saudi Arabia vs South Africa: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Saudi Arabia
- South Africa
How they compare
Saudi Arabia currently reports 4.64 trillion constant LCU against 4.26 trillion constant LCU in South Africa, a difference of 385.62 billion constant LCU.
That makes Saudi Arabia's figure about 1.1 times South Africa's.
The two have swapped places 1 time across 56 shared years of data; in 1970 it was South Africa ahead.
Globally, Saudi Arabia ranks 55th and South Africa ranks 58th 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.