Luxembourg vs Panama: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Luxembourg
- Panama
How they compare
Panama currently reports 88.24 billion current LCU against 81.07 billion current LCU in Luxembourg, a difference of 7.17 billion current LCU.
That makes Panama's figure about 1.1 times Luxembourg's.
The two have swapped places 5 times across 56 shared years of data; in 1970 it was Luxembourg ahead.
Globally, Luxembourg ranks 150th and Panama ranks 148th 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.