India vs OECD members: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- India
- OECD members
How they compare
OECD members currently reports 55.44 trillion current US$ against 3.59 trillion current US$ in India, a difference of 51.85 trillion current US$.
That makes OECD members's figure about 15.4 times India's.
Across all 52 years both countries report, OECD members has been ahead every year.
India ranks 5th and OECD members ranks 3rd of 204 countries.
OECD members has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | India | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 91.49 billion current US$ | 4.35 trillion current US$ | 4.26 trillion current US$ | OECD members |
| 1980s | 213.76 billion current US$ | 10.81 trillion current US$ | 10.59 trillion current US$ | OECD members |
| 1990s | 321.97 billion current US$ | 22.15 trillion current US$ | 21.83 trillion current US$ | OECD members |
| 2000s | 766.57 billion current US$ | 34.03 trillion current US$ | 33.26 trillion current US$ | OECD members |
| 2010s | 2.00 trillion current US$ | 46.69 trillion current US$ | 44.69 trillion current US$ | OECD members |
| 2020s | 2.68 trillion current US$ | 52.61 trillion current US$ | 49.93 trillion current US$ | OECD members |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), India or OECD members?
- OECD members, at 55.44 trillion current US$ against 3.59 trillion current US$ in India as of 2021.
- What is the difference in gross value added at basic prices (gva) between India and OECD members?
- 51.85 trillion current US$, with OECD members ahead.
- How many years of comparable data are there for India and OECD members?
- 52 years are reported by both, from 1970 to 2021.
- How do India and OECD members rank globally for gross value added at basic prices (gva)?
- India ranks 5th and OECD members ranks 3rd of 204 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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.