Gross value added at basic prices (GVA) (current US$) in OECD members
OECD members: Gross value added at basic prices (GVA) (current US$) was 55.44 trillion current US$ in 2021. ◆ Volatile
Gross value added at basic prices (GVA) in OECD members, 1970–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in OECD members is 55.44 trillion current US$, measured in 2021. That is the highest value across all 52 years on record.
That represents a change of up 11.4% on the previous year and up 21.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in OECD members peaked at 55.44 trillion current US$ in 2021 and was at its lowest, 2.23 trillion current US$, in 1970.
That places OECD members 3rd out of 38 groups with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$) in OECD members, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 2.23 trillion current US$ | — |
| 1971 | 2.47 trillion current US$ | +10.7% |
| 1972 | 2.88 trillion current US$ | +16.6% |
| 1973 | 3.49 trillion current US$ | +21.2% |
| 1974 | 3.91 trillion current US$ | +11.9% |
| 1975 | 4.39 trillion current US$ | +12.3% |
| 1976 | 4.76 trillion current US$ | +8.5% |
| 1977 | 5.38 trillion current US$ | +13.1% |
| 1978 | 6.50 trillion current US$ | +20.8% |
| 1979 | 7.50 trillion current US$ | +15.4% |
| 1980 | 8.33 trillion current US$ | +11.0% |
| 1981 | 8.47 trillion current US$ | +1.7% |
| 1982 | 8.31 trillion current US$ | -1.9% |
| 1983 | 8.62 trillion current US$ | +3.8% |
| 1984 | 9.02 trillion current US$ | +4.7% |
| 1985 | 9.53 trillion current US$ | +5.6% |
| 1986 | 11.57 trillion current US$ | +21.4% |
| 1987 | 13.40 trillion current US$ | +15.8% |
| 1988 | 15.09 trillion current US$ | +12.6% |
| 1989 | 15.75 trillion current US$ | +4.3% |
| 1990 | 17.67 trillion current US$ | +12.2% |
| 1991 | 18.69 trillion current US$ | +5.7% |
| 1992 | 20.10 trillion current US$ | +7.6% |
| 1993 | 20.56 trillion current US$ | +2.2% |
| 1994 | 21.91 trillion current US$ | +6.6% |
| 1995 | 24.17 trillion current US$ | +10.3% |
| 1996 | 24.33 trillion current US$ | +0.7% |
| 1997 | 24.19 trillion current US$ | -0.6% |
| 1998 | 24.31 trillion current US$ | +0.5% |
| 1999 | 25.55 trillion current US$ | +5.1% |
| 2000 | 26.21 trillion current US$ | +2.6% |
| 2001 | 25.97 trillion current US$ | -0.9% |
| 2002 | 27.02 trillion current US$ | +4.0% |
| 2003 | 30.13 trillion current US$ | +11.5% |
| 2004 | 33.48 trillion current US$ | +11.1% |
| 2005 | 35.37 trillion current US$ | +5.6% |
| 2006 | 37.25 trillion current US$ | +5.3% |
| 2007 | 40.74 trillion current US$ | +9.3% |
| 2008 | 43.35 trillion current US$ | +6.4% |
| 2009 | 40.74 trillion current US$ | -6.0% |
| 2010 | 42.67 trillion current US$ | +4.7% |
| 2011 | 45.83 trillion current US$ | +7.4% |
| 2012 | 45.86 trillion current US$ | +0.1% |
| 2013 | 46.36 trillion current US$ | +1.1% |
| 2014 | 47.28 trillion current US$ | +2.0% |
| 2015 | 44.67 trillion current US$ | -5.5% |
| 2016 | 45.56 trillion current US$ | +2.0% |
| 2017 | 47.54 trillion current US$ | +4.4% |
| 2018 | 50.27 trillion current US$ | +5.7% |
| 2019 | 50.85 trillion current US$ | +1.1% |
| 2020 | 49.78 trillion current US$ | -2.1% |
| 2021 | 55.44 trillion current US$ | +11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.35 trillion current US$ | 2.23 trillion current US$ | 7.50 trillion current US$ | 10 |
| 1980s | 10.81 trillion current US$ | 8.31 trillion current US$ | 15.75 trillion current US$ | 10 |
| 1990s | 22.15 trillion current US$ | 17.67 trillion current US$ | 25.55 trillion current US$ | 10 |
| 2000s | 34.03 trillion current US$ | 25.97 trillion current US$ | 43.35 trillion current US$ | 10 |
| 2010s | 46.69 trillion current US$ | 42.67 trillion current US$ | 50.85 trillion current US$ | 10 |
| 2020s | 52.61 trillion current US$ | 49.78 trillion current US$ | 55.44 trillion current US$ | 2 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1456 constant 2015 US$ per US$ of GDP (2024)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 5.65 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 554.27 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.09 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in OECD members?
- Gross value added at basic prices (gva) in OECD members was 55.44 trillion current US$ in 2021, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in OECD members?
- The highest recorded value was 55.44 trillion current US$ in 2021.
- What is the lowest gross value added at basic prices (gva) recorded in OECD members?
- The lowest recorded value was 2.23 trillion current US$ in 1970.
- How does OECD members rank for gross value added at basic prices (gva)?
- OECD members ranks 3rd out of 38 groups with data for 2021.
- Is gross value added at basic prices (gva) rising or falling in OECD members?
- Over the last ten years it is up 21.0%. The long-run trend across the full record is volatile.
- Where does this OECD members data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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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.