Georgia vs Iceland: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Georgia
- Iceland
How they compare
Iceland currently reports 34.70 billion current US$ against 33.46 billion current US$ in Georgia, a difference of 1.24 billion current US$.
The two have swapped places 5 times across 36 shared years of data; in 1987 it was Georgia ahead.
Georgia ranks 106th and Iceland ranks 105th of 204 countries.
Across the 5 decades both report, Georgia averaged higher in 1 and Iceland in 4.
Head to head by decade
| Decade | Georgia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 7.75 billion current US$ | 5.32 billion current US$ | 2.43 billion current US$ | Georgia |
| 1990s | 4.18 billion current US$ | 6.75 billion current US$ | 2.57 billion current US$ | Iceland |
| 2000s | 5.91 billion current US$ | 12.29 billion current US$ | 6.38 billion current US$ | Iceland |
| 2010s | 14.35 billion current US$ | 17.40 billion current US$ | 3.05 billion current US$ | Iceland |
| 2020s | 23.68 billion current US$ | 27.05 billion current US$ | 3.37 billion current US$ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Georgia or Iceland?
- Iceland, at 34.70 billion current US$ against 33.46 billion current US$ in Georgia as of 2025.
- What is the difference in gross value added at basic prices (gva) between Georgia and Iceland?
- 1.24 billion current US$, with Iceland ahead.
- How many years of comparable data are there for Georgia and Iceland?
- 36 years are reported by both, from 1987 to 2025.
- How do Georgia and Iceland rank globally for gross value added at basic prices (gva)?
- Georgia ranks 106th and Iceland ranks 105th of 204 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). 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.