Italy vs Latin America & the Caribbean (IDA & IBRD countries): Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Italy
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Latin America & the Caribbean (IDA & IBRD countries) currently reports 6.51 trillion current US$ against 2.28 trillion current US$ in Italy, a difference of 4.23 trillion current US$.
That makes Latin America & the Caribbean (IDA & IBRD countries)'s figure about 2.9 times Italy's.
The two have swapped places 4 times across 50 shared years of data; in 1976 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.
Italy ranks 8th and Latin America & the Caribbean (IDA & IBRD countries) ranks 12th of 207 countries.
Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Italy | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 281.21 billion current US$ | 517.40 billion current US$ | 236.18 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 554.09 billion current US$ | 738.82 billion current US$ | 184.73 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 1.10 trillion current US$ | 1.56 trillion current US$ | 455.47 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 1.59 trillion current US$ | 2.59 trillion current US$ | 1.00 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 1.84 trillion current US$ | 4.99 trillion current US$ | 3.15 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 2.01 trillion current US$ | 5.54 trillion current US$ | 3.53 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Italy or Latin America & the Caribbean (IDA & IBRD countries)?
- Latin America & the Caribbean (IDA & IBRD countries), at 6.51 trillion current US$ against 2.28 trillion current US$ in Italy as of 2025.
- What is the difference in gross value added at basic prices (gva) between Italy and Latin America & the Caribbean (IDA & IBRD countries)?
- 4.23 trillion current US$, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Italy and Latin America & the Caribbean (IDA & IBRD countries)?
- 50 years are reported by both, from 1976 to 2025.
- How do Italy and Latin America & the Caribbean (IDA & IBRD countries) rank globally for gross value added at basic prices (gva)?
- Italy ranks 8th and Latin America & the Caribbean (IDA & IBRD countries) ranks 12th of 207 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). 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.