Korea vs Latin America & Caribbean: Gross value added at basic prices (GVA) (constant 2015 US$), per unit
Gross value added at basic prices (GVA) (constant 2015 US$), per unit over time
- Korea
- Latin America & Caribbean
How they compare
Korea currently reports 0.9641 constant 2015 US$ per US$ of GDP against 0.7605 constant 2015 US$ per US$ of GDP in Latin America & Caribbean, a difference of 0.2036 constant 2015 US$ per US$ of GDP.
That makes Korea's figure about 1.3 times Latin America & Caribbean's.
The two have swapped places 8 times across 56 shared years of data; in 1970 it was Korea ahead.
Korea ranks 20th and Latin America & Caribbean ranks 22nd of 193 countries.
Across the 6 decades both report, Korea averaged higher in 3 and Latin America & Caribbean in 3.
Head to head by decade
| Decade | Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.63 constant 2015 US$ per US$ of GDP | 4.39 constant 2015 US$ per US$ of GDP | 0.2391 constant 2015 US$ per US$ of GDP | Korea |
| 1980s | 1.97 constant 2015 US$ per US$ of GDP | 2.67 constant 2015 US$ per US$ of GDP | 0.7029 constant 2015 US$ per US$ of GDP | Latin America & Caribbean |
| 1990s | 1.2 constant 2015 US$ per US$ of GDP | 1.63 constant 2015 US$ per US$ of GDP | 0.4263 constant 2015 US$ per US$ of GDP | Latin America & Caribbean |
| 2000s | 1.14 constant 2015 US$ per US$ of GDP | 1.26 constant 2015 US$ per US$ of GDP | 0.1245 constant 2015 US$ per US$ of GDP | Latin America & Caribbean |
| 2010s | 0.927 constant 2015 US$ per US$ of GDP | 0.8374 constant 2015 US$ per US$ of GDP | 0.0896 constant 2015 US$ per US$ of GDP | Korea |
| 2020s | 0.9301 constant 2015 US$ per US$ of GDP | 0.8556 constant 2015 US$ per US$ of GDP | 0.0746 constant 2015 US$ per US$ of GDP | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva) (constant 2015 us$), per unit, Korea or Latin America & Caribbean?
- Korea, at 0.9641 constant 2015 US$ per US$ of GDP against 0.7605 constant 2015 US$ per US$ of GDP in Latin America & Caribbean as of 2025.
- What is the difference in gross value added at basic prices (gva) (constant 2015 us$), per unit between Korea and Latin America & Caribbean?
- 0.2036 constant 2015 US$ per US$ of GDP, with Korea ahead.
- How many years of comparable data are there for Korea and Latin America & Caribbean?
- 56 years are reported by both, from 1970 to 2025.
- How do Korea and Latin America & Caribbean rank globally for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Korea ranks 20th and Latin America & Caribbean ranks 22nd of 193 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross value added at basic prices (GVA) (constant 2015 US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.