Gross value added at basic prices (GVA) in OECD members
OECD members: Gross value added at basic prices (GVA) was 55.44 trillion current US$ in 2021. ◆ Volatile
Gross value added at basic prices (GVA) in OECD members, 1970–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in OECD members is 55.44 trillion current US$, measured in 2021. That is the highest value across all 52 years on record.
That represents a change of up 11.4% on the previous year and up 21.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in OECD members peaked at 55.44 trillion current US$ in 2021 and was at its lowest, 2.23 trillion current US$, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.35 trillion current US$ | 2.23 trillion current US$ | 7.50 trillion current US$ | 10 |
| 1980s | 10.81 trillion current US$ | 8.31 trillion current US$ | 15.75 trillion current US$ | 10 |
| 1990s | 22.15 trillion current US$ | 17.67 trillion current US$ | 25.55 trillion current US$ | 10 |
| 2000s | 34.03 trillion current US$ | 25.97 trillion current US$ | 43.35 trillion current US$ | 10 |
| 2010s | 46.69 trillion current US$ | 42.67 trillion current US$ | 50.85 trillion current US$ | 10 |
| 2020s | 52.61 trillion current US$ | 49.78 trillion current US$ | 55.44 trillion current US$ | 2 |
More economy & growth data for OECD members
- Final consumption expenditure 52.86 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.3% (2024)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Households and NPISHs final consumption expenditure 60.1% (2024)
- Final consumption expenditure 2.2% (2024)
- Gross national expenditure 56.77 trillion constant 2015 US$ (2024)
- Gross national expenditure 68.20 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita 24,690 constant 2015 US$ (2024)
- Final consumption expenditure 44.42 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in OECD members?
- Gross value added at basic prices (gva) in OECD members was 55.44 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 OECD members?
- The highest recorded value was 55.44 trillion current US$ in 2021.
- What is the lowest gross value added at basic prices (gva) recorded in OECD members?
- The lowest recorded value was 2.23 trillion current US$ in 1970.
- Is gross value added at basic prices (gva) rising or falling in OECD members?
- Over the last ten years it is up 21.0%. The long-run trend across the full record is volatile.
- Where does this OECD members 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.
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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 indicator is expressed in United States dollars.