Gross value added at basic prices (GVA) (current US$), per unit of GDP in World
World: Gross value added at basic prices (GVA) (current US$), per unit of GDP was 0.8756 current US$ per US$ of GDP in 2024. ▼ Falling
Gross value added at basic prices (GVA) (current US$), per unit of GDP in World, 1970–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2024, gross value added at basic prices (gva) (current us$), per unit of gdp in World stood at 0.8756 current US$ per US$ of GDP. That is the lowest value across all 55 years on record.
Compared with earlier readings it is down 0.5% on the previous year and down 6.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), per unit of gdp in World peaked at 1.11 current US$ per US$ of GDP in 1972 and was at its lowest, 0.8756 current US$ per US$ of GDP, in 2024.
That places World 38th out of 38 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Gross value added at basic prices (GVA) (current US$), per unit of GDP in World, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 1.11 current US$ per US$ of GDP | — |
| 1971 | 1.11 current US$ per US$ of GDP | +0.1% |
| 1972 | 1.11 current US$ per US$ of GDP | +0.2% |
| 1973 | 1.11 current US$ per US$ of GDP | -0.3% |
| 1974 | 1.1 current US$ per US$ of GDP | -0.8% |
| 1975 | 1.1 current US$ per US$ of GDP | -0.0% |
| 1976 | 1.1 current US$ per US$ of GDP | +0.0% |
| 1977 | 1.08 current US$ per US$ of GDP | -1.2% |
| 1978 | 1.08 current US$ per US$ of GDP | -0.0% |
| 1979 | 1.09 current US$ per US$ of GDP | +0.3% |
| 1980 | 1.08 current US$ per US$ of GDP | -0.5% |
| 1981 | 1.07 current US$ per US$ of GDP | -0.9% |
| 1982 | 1.07 current US$ per US$ of GDP | -0.3% |
| 1983 | 1.07 current US$ per US$ of GDP | +0.2% |
| 1984 | 1.07 current US$ per US$ of GDP | -0.1% |
| 1985 | 1.07 current US$ per US$ of GDP | -0.2% |
| 1986 | 1.08 current US$ per US$ of GDP | +0.9% |
| 1987 | 1.08 current US$ per US$ of GDP | +0.5% |
| 1988 | 1.08 current US$ per US$ of GDP | +0.3% |
| 1989 | 1.09 current US$ per US$ of GDP | +0.2% |
| 1990 | 1.08 current US$ per US$ of GDP | -0.3% |
| 1991 | 1.08 current US$ per US$ of GDP | +0.0% |
| 1992 | 1.08 current US$ per US$ of GDP | -0.1% |
| 1993 | 1.08 current US$ per US$ of GDP | +0.1% |
| 1994 | 1.08 current US$ per US$ of GDP | -0.6% |
| 1995 | 1.07 current US$ per US$ of GDP | -0.5% |
| 1996 | 1.07 current US$ per US$ of GDP | -0.7% |
| 1997 | 1.07 current US$ per US$ of GDP | +0.4% |
| 1998 | 1.07 current US$ per US$ of GDP | +0.1% |
| 1999 | 1.07 current US$ per US$ of GDP | -0.2% |
| 2000 | 1.07 current US$ per US$ of GDP | -0.1% |
| 2001 | 1.06 current US$ per US$ of GDP | -0.4% |
| 2002 | 1.06 current US$ per US$ of GDP | -0.4% |
| 2003 | 1.05 current US$ per US$ of GDP | -0.3% |
| 2004 | 1.05 current US$ per US$ of GDP | -0.5% |
| 2005 | 1.04 current US$ per US$ of GDP | -0.6% |
| 2006 | 1.03 current US$ per US$ of GDP | -1.0% |
| 2007 | 1.02 current US$ per US$ of GDP | -1.1% |
| 2008 | 1.01 current US$ per US$ of GDP | -1.2% |
| 2009 | 0.9977 current US$ per US$ of GDP | -1.1% |
| 2010 | 0.9834 current US$ per US$ of GDP | -1.4% |
| 2011 | 0.9723 current US$ per US$ of GDP | -1.1% |
| 2012 | 0.9614 current US$ per US$ of GDP | -1.1% |
| 2013 | 0.949 current US$ per US$ of GDP | -1.3% |
| 2014 | 0.9397 current US$ per US$ of GDP | -1.0% |
| 2015 | 0.9251 current US$ per US$ of GDP | -1.6% |
| 2016 | 0.9254 current US$ per US$ of GDP | +0.0% |
| 2017 | 0.9199 current US$ per US$ of GDP | -0.6% |
| 2018 | 0.9097 current US$ per US$ of GDP | -1.1% |
| 2019 | 0.9093 current US$ per US$ of GDP | -0.0% |
| 2020 | 0.8999 current US$ per US$ of GDP | -1.0% |
| 2021 | 0.8842 current US$ per US$ of GDP | -1.7% |
| 2022 | 0.876 current US$ per US$ of GDP | -0.9% |
| 2023 | 0.8799 current US$ per US$ of GDP | +0.4% |
| 2024 | 0.8756 current US$ per US$ of GDP | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.1 current US$ per US$ of GDP | 1.08 current US$ per US$ of GDP | 1.11 current US$ per US$ of GDP | 10 |
| 1980s | 1.08 current US$ per US$ of GDP | 1.07 current US$ per US$ of GDP | 1.09 current US$ per US$ of GDP | 10 |
| 1990s | 1.08 current US$ per US$ of GDP | 1.07 current US$ per US$ of GDP | 1.08 current US$ per US$ of GDP | 10 |
| 2000s | 1.04 current US$ per US$ of GDP | 0.9977 current US$ per US$ of GDP | 1.07 current US$ per US$ of GDP | 10 |
| 2010s | 0.9395 current US$ per US$ of GDP | 0.9093 current US$ per US$ of GDP | 0.9834 current US$ per US$ of GDP | 10 |
| 2020s | 0.8831 current US$ per US$ of GDP | 0.8756 current US$ per US$ of GDP | 0.8999 current US$ per US$ of GDP | 5 |
Countries ranked near World
- 35 Eritrea 0.9721 current US$ per US$ of GDP compare
- 36 Turkmenistan 0.9721 current US$ per US$ of GDP compare
- 37 Liberia 0.9716 current US$ per US$ of GDP compare
- 38 Guyana 0.9698 current US$ per US$ of GDP compare
- 39 Chad 0.9697 current US$ per US$ of GDP compare
- 40 Sierra Leone 0.9684 current US$ per US$ of GDP compare
- 41 Macao 0.9672 current US$ per US$ of GDP compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- Gross value added at basic prices (GVA) (current US$), annual growth 3.52 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 12,010 current US$ per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.24 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7598 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 10,422 constant 2015 US$ per person (2024)
- GDP (current US$), annual growth rate 5.98 % change on previous year (2025)
- GDP (current US$), per capita 14,406 current US$ per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.92 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), per unit of gdp in World?
- Gross value added at basic prices (gva) (current us$), per unit of gdp in World was 0.8756 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), per unit of gdp recorded in World?
- The highest recorded value was 1.11 current US$ per US$ of GDP in 1972.
- What is the lowest gross value added at basic prices (gva) (current us$), per unit of gdp recorded in World?
- The lowest recorded value was 0.8756 current US$ per US$ of GDP in 2024.
- How does World rank for gross value added at basic prices (gva) (current us$), per unit of gdp?
- World ranks 38th out of 38 groups with data for 2024.
- Is gross value added at basic prices (gva) (current us$), per unit of gdp rising or falling in World?
- Over the last ten years it is down 6.8%. The long-run trend across the full record is falling.
- Where does this World data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (current US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.