Armenia vs Serbia: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Armenia
- Serbia
How they compare
Armenia currently reports 10.11 trillion current LCU against 8.87 trillion current LCU in Serbia, a difference of 1.24 trillion current LCU.
That makes Armenia's figure about 1.1 times Serbia's.
Across all 14 years both countries report, Armenia has been ahead every year.
Globally, Armenia ranks 57th and Serbia ranks 59th of 206 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.