Republic of Korea vs United Kingdom: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Republic of Korea
- United Kingdom
How they compare
United Kingdom currently reports 3.02 trillion constant 2015 US$ against 1.81 trillion constant 2015 US$ in Republic of Korea, a difference of 1.22 trillion constant 2015 US$.
That makes United Kingdom's figure about 1.7 times Republic of Korea's.
Across all 66 years both countries report, United Kingdom has been ahead every year.
Republic of Korea ranks 7th and United Kingdom ranks 4th of 194 countries.
United Kingdom has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 36.55 billion constant 2015 US$ | 813.68 billion constant 2015 US$ | 777.13 billion constant 2015 US$ | United Kingdom |
| 1970s | 98.43 billion constant 2015 US$ | 1.10 trillion constant 2015 US$ | 999.06 billion constant 2015 US$ | United Kingdom |
| 1980s | 229.87 billion constant 2015 US$ | 1.31 trillion constant 2015 US$ | 1.08 trillion constant 2015 US$ | United Kingdom |
| 1990s | 540.86 billion constant 2015 US$ | 1.71 trillion constant 2015 US$ | 1.17 trillion constant 2015 US$ | United Kingdom |
| 2000s | 959.04 billion constant 2015 US$ | 2.27 trillion constant 2015 US$ | 1.31 trillion constant 2015 US$ | United Kingdom |
| 2010s | 1.40 trillion constant 2015 US$ | 2.61 trillion constant 2015 US$ | 1.21 trillion constant 2015 US$ | United Kingdom |
| 2020s | 1.72 trillion constant 2015 US$ | 2.88 trillion constant 2015 US$ | 1.16 trillion constant 2015 US$ | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Republic of Korea or United Kingdom?
- United Kingdom, at 3.02 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 Republic of Korea and United Kingdom?
- 1.22 trillion constant 2015 US$, with United Kingdom ahead.
- How many years of comparable data are there for Republic of Korea and United Kingdom?
- 66 years are reported by both, from 1960 to 2025.
- How do Republic of Korea and United Kingdom rank globally for gross value added at basic prices (gva)?
- Republic of Korea ranks 7th and United Kingdom ranks 4th of 194 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross value added at basic prices (GVA) (constant 2015 US$). 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.