Australia vs Latin America & the Caribbean (IDA & IBRD countries): Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Australia
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Latin America & the Caribbean (IDA & IBRD countries) currently reports 5.39 trillion constant 2015 US$ against 1.59 trillion constant 2015 US$ in Australia, a difference of 3.80 trillion constant 2015 US$.
That makes Latin America & the Caribbean (IDA & IBRD countries)'s figure about 3.4 times Australia's.
Across all 51 years both countries report, Latin America & the Caribbean (IDA & IBRD countries) has been ahead every year.
Australia ranks 10th and Latin America & the Caribbean (IDA & IBRD countries) ranks 8th of 194 countries.
Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Australia | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 373.00 billion constant 2015 US$ | 1.63 trillion constant 2015 US$ | 1.25 trillion constant 2015 US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 467.62 billion constant 2015 US$ | 2.07 trillion constant 2015 US$ | 1.61 trillion constant 2015 US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 651.20 billion constant 2015 US$ | 2.62 trillion constant 2015 US$ | 1.97 trillion constant 2015 US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 933.38 billion constant 2015 US$ | 3.46 trillion constant 2015 US$ | 2.52 trillion constant 2015 US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 1.25 trillion constant 2015 US$ | 4.56 trillion constant 2015 US$ | 3.32 trillion constant 2015 US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 1.50 trillion constant 2015 US$ | 5.03 trillion constant 2015 US$ | 3.53 trillion constant 2015 US$ | Latin America & the Caribbean (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Australia or Latin America & the Caribbean (IDA & IBRD countries)?
- Latin America & the Caribbean (IDA & IBRD countries), at 5.39 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 Latin America & the Caribbean (IDA & IBRD countries)?
- 3.80 trillion constant 2015 US$, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Australia and Latin America & the Caribbean (IDA & IBRD countries)?
- 51 years are reported by both, from 1975 to 2025.
- How do Australia and Latin America & the Caribbean (IDA & IBRD countries) rank globally for gross value added at basic prices (gva)?
- Australia ranks 10th and Latin America & the Caribbean (IDA & IBRD countries) ranks 8th of 194 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross value added at basic prices (GVA) (constant 2015 US$). 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.