Europe & Central Asia (IDA & IBRD countries) vs Republic of Korea: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Europe & Central Asia (IDA & IBRD countries)
- Republic of Korea
How they compare
Europe & Central Asia (IDA & IBRD countries) currently reports 4.48 trillion constant 2015 US$ against 1.81 trillion constant 2015 US$ in Republic of Korea, a difference of 2.67 trillion constant 2015 US$.
That makes Europe & Central Asia (IDA & IBRD countries)'s figure about 2.5 times Republic of Korea's.
Across all 36 years both countries report, Europe & Central Asia (IDA & IBRD countries) has been ahead every year.
Europe & Central Asia (IDA & IBRD countries) ranks 10th and Republic of Korea ranks 7th of 34 groups.
Europe & Central Asia (IDA & IBRD countries) has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Europe & Central Asia (IDA & IBRD countries) | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.75 trillion constant 2015 US$ | 540.86 billion constant 2015 US$ | 1.21 trillion constant 2015 US$ | Europe & Central Asia (IDA & IBRD countries) |
| 2000s | 2.21 trillion constant 2015 US$ | 959.04 billion constant 2015 US$ | 1.25 trillion constant 2015 US$ | Europe & Central Asia (IDA & IBRD countries) |
| 2010s | 3.23 trillion constant 2015 US$ | 1.40 trillion constant 2015 US$ | 1.82 trillion constant 2015 US$ | Europe & Central Asia (IDA & IBRD countries) |
| 2020s | 4.11 trillion constant 2015 US$ | 1.72 trillion constant 2015 US$ | 2.39 trillion constant 2015 US$ | Europe & Central Asia (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), Europe & Central Asia (IDA & IBRD countries) or Republic of Korea?
- Europe & Central Asia (IDA & IBRD countries), at 4.48 trillion constant 2015 US$ against 1.81 trillion constant 2015 US$ in Republic of Korea as of 2025.
- What is the difference in gross value added at basic prices (gva) between Europe & Central Asia (IDA & IBRD countries) and Republic of Korea?
- 2.67 trillion constant 2015 US$, with Europe & Central Asia (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Europe & Central Asia (IDA & IBRD countries) and Republic of Korea?
- 36 years are reported by both, from 1990 to 2025.
- How do Europe & Central Asia (IDA & IBRD countries) and Republic of Korea rank globally for gross value added at basic prices (gva)?
- Europe & Central Asia (IDA & IBRD countries) ranks 10th and Republic of Korea ranks 7th of 34 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 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.