Gross value added at basic prices (GVA) (current US$), annual growth in OECD members
OECD members: Gross value added at basic prices (GVA) (current US$), annual growth was 11.37 % change on previous year in 2021. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in OECD members, 1971–2021
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
OECD members recorded 11.37 % change on previous year for gross value added at basic prices (gva) (current us$), annual growth in 2021.
Compared with earlier readings it is up 641.8% on the previous year and up 53.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in OECD members peaked at 21.36 % change on previous year in 1986 and was at its lowest, -6.03 % change on previous year, in 2009.
That places OECD members 9th out of 38 groups with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth in OECD members, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.73 % change on previous year | — |
| 1972 | 16.56 % change on previous year | +54.3% |
| 1973 | 21.25 % change on previous year | +28.3% |
| 1974 | 11.86 % change on previous year | -44.2% |
| 1975 | 12.3 % change on previous year | +3.7% |
| 1976 | 8.46 % change on previous year | -31.2% |
| 1977 | 13.12 % change on previous year | +55.1% |
| 1978 | 20.8 % change on previous year | +58.6% |
| 1979 | 15.41 % change on previous year | -25.9% |
| 1980 | 10.99 % change on previous year | -28.6% |
| 1981 | 1.65 % change on previous year | -85.0% |
| 1982 | -1.9 % change on previous year | -214.8% |
| 1983 | 3.76 % change on previous year | -297.9% |
| 1984 | 4.7 % change on previous year | +25.1% |
| 1985 | 5.64 % change on previous year | +19.9% |
| 1986 | 21.36 % change on previous year | +279.0% |
| 1987 | 15.85 % change on previous year | -25.8% |
| 1988 | 12.64 % change on previous year | -20.2% |
| 1989 | 4.33 % change on previous year | -65.7% |
| 1990 | 12.23 % change on previous year | +182.2% |
| 1991 | 5.74 % change on previous year | -53.1% |
| 1992 | 7.58 % change on previous year | +32.2% |
| 1993 | 2.24 % change on previous year | -70.4% |
| 1994 | 6.57 % change on previous year | +193.1% |
| 1995 | 10.32 % change on previous year | +57.1% |
| 1996 | 0.6641 % change on previous year | -93.6% |
| 1997 | -0.5508 % change on previous year | -182.9% |
| 1998 | 0.4716 % change on previous year | -185.6% |
| 1999 | 5.1 % change on previous year | +981.8% |
| 2000 | 2.6 % change on previous year | -49.1% |
| 2001 | -0.9217 % change on previous year | -135.5% |
| 2002 | 4.04 % change on previous year | -538.8% |
| 2003 | 11.51 % change on previous year | +184.6% |
| 2004 | 11.11 % change on previous year | -3.5% |
| 2005 | 5.64 % change on previous year | -49.2% |
| 2006 | 5.34 % change on previous year | -5.4% |
| 2007 | 9.35 % change on previous year | +75.2% |
| 2008 | 6.42 % change on previous year | -31.3% |
| 2009 | -6.03 % change on previous year | -193.9% |
| 2010 | 4.75 % change on previous year | -178.7% |
| 2011 | 7.4 % change on previous year | +56.0% |
| 2012 | 0.0615 % change on previous year | -99.2% |
| 2013 | 1.08 % change on previous year | +1657.1% |
| 2014 | 2 % change on previous year | +85.3% |
| 2015 | -5.54 % change on previous year | -376.5% |
| 2016 | 2 % change on previous year | -136.1% |
| 2017 | 4.36 % change on previous year | +118.0% |
| 2018 | 5.74 % change on previous year | +31.8% |
| 2019 | 1.14 % change on previous year | -80.1% |
| 2020 | -2.1 % change on previous year | -283.3% |
| 2021 | 11.37 % change on previous year | -641.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.5 % change on previous year | 8.46 % change on previous year | 21.25 % change on previous year | 9 |
| 1980s | 7.9 % change on previous year | -1.9 % change on previous year | 21.36 % change on previous year | 10 |
| 1990s | 5.04 % change on previous year | -0.5508 % change on previous year | 12.23 % change on previous year | 10 |
| 2000s | 4.91 % change on previous year | -6.03 % change on previous year | 11.51 % change on previous year | 10 |
| 2010s | 2.3 % change on previous year | -5.54 % change on previous year | 7.4 % change on previous year | 10 |
| 2020s | 4.63 % change on previous year | -2.1 % change on previous year | 11.37 % change on previous year | 2 |
Countries ranked near OECD members
- 6 Togo 26.53 % change on previous year compare
- 7 Kyrgyzstan 24.58 % change on previous year compare
- 8 Zimbabwe 23.9 % change on previous year compare
- 9 Suriname 23.21 % change on previous year compare
- 10 Sudan 21.12 % change on previous year compare
- 11 Uzbekistan 20.57 % change on previous year compare
- 12 Congo, Democratic Republic of the 20.43 % change on previous year compare
More economy & growth data for OECD members
- Gross fixed capital formation 1.0% (2024)
- Exports of goods and services 16.50 trillion constant 2015 US$ (2025)
- Exports of goods and services 2.5% (2025)
- Exports of goods and services 28.3% (2025)
- Gross fixed capital formation 15.18 trillion current US$ (2024)
- Gross fixed capital formation 12.72 trillion constant 2015 US$ (2024)
- Gross capital formation 12.80 trillion constant 2015 US$ (2024)
- Gross capital formation 22.5% (2024)
- Gross capital formation 0.8% (2024)
- Exports of goods and services 20.50 trillion current US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in OECD members?
- Gross value added at basic prices (gva) (current us$), annual growth in OECD members was 11.37 % change on previous year in 2021, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in OECD members?
- The highest recorded value was 21.36 % change on previous year in 1986.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in OECD members?
- The lowest recorded value was -6.03 % change on previous year in 2009.
- How does OECD members rank for gross value added at basic prices (gva) (current us$), annual growth?
- OECD members ranks 9th out of 38 groups with data for 2021.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in OECD members?
- Over the last ten years it is up 53.5%. The long-run trend across the full record is volatile.
- Where does this OECD members data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.