Italy vs South Korea: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Italy
- South Korea
How they compare
Italy currently reports 2.28 trillion current US$ against 1.74 trillion current US$ in South Korea, a difference of 534.78 billion current US$.
That makes Italy's figure about 1.3 times South Korea's.
Across all 56 years both countries report, Italy has been ahead every year.
Italy ranks 8th and South Korea ranks 11th of 204 countries.
Italy has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Italy | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 204.49 billion current US$ | 24.96 billion current US$ | 179.53 billion current US$ | Italy |
| 1980s | 554.09 billion current US$ | 112.52 billion current US$ | 441.57 billion current US$ | Italy |
| 1990s | 1.10 trillion current US$ | 420.07 billion current US$ | 683.09 billion current US$ | Italy |
| 2000s | 1.59 trillion current US$ | 793.63 billion current US$ | 795.12 billion current US$ | Italy |
| 2010s | 1.84 trillion current US$ | 1.40 trillion current US$ | 443.89 billion current US$ | Italy |
| 2020s | 2.01 trillion current US$ | 1.71 trillion current US$ | 299.24 billion current US$ | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Italy or South Korea?
- Italy, at 2.28 trillion current US$ against 1.74 trillion current US$ in South Korea as of 2025.
- What is the difference in gross value added at basic prices (gva) between Italy and South Korea?
- 534.78 billion current US$, with Italy ahead.
- How many years of comparable data are there for Italy and South Korea?
- 56 years are reported by both, from 1970 to 2025.
- How do Italy and South Korea rank globally for gross value added at basic prices (gva)?
- Italy ranks 8th and South Korea ranks 11th of 204 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). 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.