Singapore vs Thailand: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Singapore
- Thailand
How they compare
Thailand currently reports 577.01 billion current US$ against 569.37 billion current US$ in Singapore, a difference of 7.64 billion current US$.
The two have swapped places 2 times across 66 shared years of data; in 1960 it was Thailand ahead.
Singapore ranks 26th and Thailand ranks 25th of 204 countries.
Thailand has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Singapore | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 996.24 million current US$ | 4.46 billion current US$ | 3.47 billion current US$ | Thailand |
| 1970s | 4.92 billion current US$ | 15.02 billion current US$ | 10.10 billion current US$ | Thailand |
| 1980s | 18.64 billion current US$ | 45.21 billion current US$ | 26.57 billion current US$ | Thailand |
| 1990s | 68.20 billion current US$ | 131.34 billion current US$ | 63.14 billion current US$ | Thailand |
| 2000s | 126.67 billion current US$ | 195.33 billion current US$ | 68.66 billion current US$ | Thailand |
| 2010s | 298.75 billion current US$ | 425.89 billion current US$ | 127.14 billion current US$ | Thailand |
| 2020s | 473.57 billion current US$ | 520.90 billion current US$ | 47.33 billion current US$ | Thailand |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Singapore or Thailand?
- Thailand, at 577.01 billion current US$ against 569.37 billion current US$ in Singapore as of 2025.
- What is the difference in gross value added at basic prices (gva) between Singapore and Thailand?
- 7.64 billion current US$, with Thailand ahead.
- How many years of comparable data are there for Singapore and Thailand?
- 66 years are reported by both, from 1960 to 2025.
- How do Singapore and Thailand rank globally for gross value added at basic prices (gva)?
- Singapore ranks 26th and Thailand ranks 25th of 204 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). 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.