Statizoid

Australia vs Iceland: Gross value added at basic prices (GVA)

Australia
2.54 trillion constant LCU
in 2025
Iceland
3.24 trillion constant LCU
in 2025
Australia rank
65th
Iceland rank
62nd

Gross value added at basic prices (GVA) over time

  • Australia
  • Iceland
1.0T2.0T3.0T197520002025

How they compare

Iceland currently reports 3.24 trillion constant LCU against 2.54 trillion constant LCU in Australia, a difference of 692.40 billion constant LCU.

That makes Iceland's figure about 1.3 times Australia's.

Across all 31 years both countries report, Iceland has been ahead every year.

Australia ranks 65th and Iceland ranks 62nd of 197 countries.

Individual pages

About this data

Indicator
Gross value added at basic prices (GVA) (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Offices (NSOs)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
197 places, 8,338 data points, 1960–2025
Last refreshed

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 varies by country. This series is expressed in local currency units.