Australia vs Latin America & Caribbean: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Australia
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 6.85 trillion current US$ against 1.68 trillion current US$ in Australia, a difference of 5.17 trillion current US$.
That makes Latin America & Caribbean's figure about 4.1 times Australia's.
Across all 36 years both countries report, Latin America & Caribbean has been ahead every year.
Australia ranks 14th and Latin America & Caribbean ranks 9th of 205 countries.
Latin America & Caribbean has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 331.49 billion current US$ | 1.64 trillion current US$ | 1.31 trillion current US$ | Latin America & Caribbean |
| 2000s | 605.06 billion current US$ | 2.74 trillion current US$ | 2.13 trillion current US$ | Latin America & Caribbean |
| 2010s | 1.30 trillion current US$ | 5.21 trillion current US$ | 3.91 trillion current US$ | Latin America & Caribbean |
| 2020s | 1.54 trillion current US$ | 5.84 trillion current US$ | 4.30 trillion current US$ | Latin America & Caribbean |
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 & Caribbean?
- Latin America & Caribbean, at 6.85 trillion current US$ against 1.68 trillion current US$ in Australia as of 2025.
- What is the difference in gross value added at basic prices (gva) between Australia and Latin America & Caribbean?
- 5.17 trillion current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Australia and Latin America & Caribbean?
- 36 years are reported by both, from 1990 to 2025.
- How do Australia and Latin America & Caribbean rank globally for gross value added at basic prices (gva)?
- Australia ranks 14th and Latin America & Caribbean ranks 9th of 205 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.