Australia vs South Korea: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Australia
- South Korea
How they compare
South Korea currently reports 1.81 trillion constant 2015 US$ against 1.59 trillion constant 2015 US$ in Australia, a difference of 219.90 billion constant 2015 US$.
That makes South Korea's figure about 1.1 times Australia's.
The two have swapped places 1 time across 51 shared years of data; in 1975 it was Australia ahead.
Australia ranks 10th and South Korea ranks 7th of 192 countries.
Across the 6 decades both report, Australia averaged higher in 3 and South Korea in 3.
Head to head by decade
| Decade | Australia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 373.00 billion constant 2015 US$ | 122.06 billion constant 2015 US$ | 250.94 billion constant 2015 US$ | Australia |
| 1980s | 467.62 billion constant 2015 US$ | 229.87 billion constant 2015 US$ | 237.75 billion constant 2015 US$ | Australia |
| 1990s | 651.20 billion constant 2015 US$ | 540.86 billion constant 2015 US$ | 110.34 billion constant 2015 US$ | Australia |
| 2000s | 933.38 billion constant 2015 US$ | 959.04 billion constant 2015 US$ | 25.66 billion constant 2015 US$ | South Korea |
| 2010s | 1.25 trillion constant 2015 US$ | 1.40 trillion constant 2015 US$ | 154.54 billion constant 2015 US$ | South Korea |
| 2020s | 1.50 trillion constant 2015 US$ | 1.72 trillion constant 2015 US$ | 215.17 billion constant 2015 US$ | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Australia or South Korea?
- South Korea, at 1.81 trillion constant 2015 US$ against 1.59 trillion constant 2015 US$ in Australia as of 2025.
- What is the difference in gross value added at basic prices (gva) between Australia and South Korea?
- 219.90 billion constant 2015 US$, with South Korea ahead.
- How many years of comparable data are there for Australia and South Korea?
- 51 years are reported by both, from 1975 to 2025.
- How do Australia and South Korea rank globally for gross value added at basic prices (gva)?
- Australia ranks 10th and South Korea ranks 7th of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross value added at basic prices (GVA) (constant 2015 US$). 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 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.