Korea vs Latin America & the Caribbean (IDA & IBRD countries): 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 & the Caribbean (IDA & IBRD countries)
How they compare
Korea currently reports 0.9641 constant 2015 US$ per US$ of GDP against 0.764 constant 2015 US$ per US$ of GDP in Latin America & the Caribbean (IDA & IBRD countries), a difference of 0.2001 constant 2015 US$ per US$ of GDP.
That makes Korea's figure about 1.3 times Latin America & the Caribbean (IDA & IBRD countries)'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 & the Caribbean (IDA & IBRD countries) ranks 21st of 193 countries.
Across the 6 decades both report, Korea averaged higher in 3 and Latin America & the Caribbean (IDA & IBRD countries) in 3.
Head to head by decade
| Decade | Korea | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.63 constant 2015 US$ per US$ of GDP | 4.46 constant 2015 US$ per US$ of GDP | 0.1698 constant 2015 US$ per US$ of GDP | Korea |
| 1980s | 1.97 constant 2015 US$ per US$ of GDP | 2.7 constant 2015 US$ per US$ of GDP | 0.7296 constant 2015 US$ per US$ of GDP | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 1.2 constant 2015 US$ per US$ of GDP | 1.63 constant 2015 US$ per US$ of GDP | 0.4337 constant 2015 US$ per US$ of GDP | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 1.14 constant 2015 US$ per US$ of GDP | 1.27 constant 2015 US$ per US$ of GDP | 0.1356 constant 2015 US$ per US$ of GDP | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 0.927 constant 2015 US$ per US$ of GDP | 0.8315 constant 2015 US$ per US$ of GDP | 0.0955 constant 2015 US$ per US$ of GDP | Korea |
| 2020s | 0.9301 constant 2015 US$ per US$ of GDP | 0.8601 constant 2015 US$ per US$ of GDP | 0.07 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$), per unit, Korea or Latin America & the Caribbean (IDA & IBRD countries)?
- Korea, at 0.9641 constant 2015 US$ per US$ of GDP against 0.764 constant 2015 US$ per US$ of GDP in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in gross value added at basic prices (gva) (constant 2015 us$), per unit between Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 0.2001 constant 2015 US$ per US$ of GDP, with Korea ahead.
- How many years of comparable data are there for Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 56 years are reported by both, from 1970 to 2025.
- How do Korea and Latin America & the Caribbean (IDA & IBRD countries) rank globally for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Korea ranks 20th and Latin America & the Caribbean (IDA & IBRD countries) ranks 21st of 193 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross value added at basic prices (GVA) (constant 2015 US$), 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.