Gross value added at basic prices (GVA) in North America
North America: Gross value added at basic prices (GVA) was 24.38 trillion current US$ in 2021. ◆ Volatile
Gross value added at basic prices (GVA) in North America, 1970–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2021, gross value added at basic prices (gva) in North America stood at 24.38 trillion current US$. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 11.3% on the previous year and up 45.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in North America peaked at 24.38 trillion current US$ in 2021 and was at its lowest, 1.07 trillion current US$, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.74 trillion current US$ | 1.07 trillion current US$ | 2.69 trillion current US$ | 10 |
| 1980s | 4.26 trillion current US$ | 2.93 trillion current US$ | 5.80 trillion current US$ | 10 |
| 1990s | 7.72 trillion current US$ | 6.12 trillion current US$ | 9.92 trillion current US$ | 10 |
| 2000s | 13.19 trillion current US$ | 10.58 trillion current US$ | 15.71 trillion current US$ | 10 |
| 2010s | 18.92 trillion current US$ | 16.06 trillion current US$ | 22.23 trillion current US$ | 10 |
| 2020s | 23.14 trillion current US$ | 21.90 trillion current US$ | 24.38 trillion current US$ | 2 |
More economy & growth data for North America
- Households and NPISHs Final consumption expenditure 21.16 trillion current US$ (2024)
- Final consumption expenditure 25.64 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 67.0% (2024)
- Imports of goods and services 4.34 trillion constant 2015 US$ (2024)
- Imports of goods and services 5.0% (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.7% (2024)
- Households and NPISHs Final consumption expenditure per capita 43,939 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 2.9% (2024)
- Households and NPISHs Final consumption expenditure 16.76 trillion constant 2015 US$ (2024)
- Trade 28.5% (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in North America?
- Gross value added at basic prices (gva) in North America was 24.38 trillion current US$ in 2021, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in North America?
- The highest recorded value was 24.38 trillion current US$ in 2021.
- What is the lowest gross value added at basic prices (gva) recorded in North America?
- The lowest recorded value was 1.07 trillion current US$ in 1970.
- Is gross value added at basic prices (gva) rising or falling in North America?
- Over the last ten years it is up 45.6%. The long-run trend across the full record is volatile.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 indicator is expressed in United States dollars.