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

Australia

1.68 trillion current US$

in 2025

South Korea

1.74 trillion current US$

in 2025

Australia rank

14th

South Korea rank

11th

Gross value added at basic prices (GVA) over time

Australia
South Korea

How they compare

South Korea currently reports 1.74 trillion current US$ against 1.68 trillion current US$ in Australia, a difference of 57.48 billion current US$.

The two have swapped places 5 times across 36 shared years of data; in 1990 it was Australia ahead.

Australia ranks 14th and South Korea ranks 11th of 204 countries.

Individual pages

About this data

Indicator: Gross value added at basic prices (GVA) (current US$)
Unit: current US$
Source: Country official statistics, National Statistical Offices (NSOs)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 244 places, 10,967 data points, 1960–2025
Last refreshed: 06 August 2026

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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.