Gross value added at basic prices (GVA) in World
World: Gross value added at basic prices (GVA) was 97.78 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
97.78 trillion current US$
Change on year
up 3.5%
Rank
1st
of 38 groups
All-time high
97.78 trillion current US$
in 2024
All-time low
3.34 trillion current US$
in 1970
Years of data
55
1970–2024
Gross value added at basic prices (GVA) in World, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
World recorded 97.78 trillion current US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.5% on the previous year and up 29.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in World peaked at 97.78 trillion current US$ in 2024 and was at its lowest, 3.34 trillion current US$, in 1970.
World ranks 1st of 38 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in World, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 3.34 trillion current US$ | — |
| 1971 | 3.69 trillion current US$ | +10.6% |
| 1972 | 4.27 trillion current US$ | +15.7% |
| 1973 | 5.20 trillion current US$ | +21.9% |
| 1974 | 5.97 trillion current US$ | +14.6% |
| 1975 | 6.64 trillion current US$ | +11.3% |
| 1976 | 7.22 trillion current US$ | +8.7% |
| 1977 | 8.06 trillion current US$ | +11.7% |
| 1978 | 9.55 trillion current US$ | +18.4% |
| 1979 | 11.07 trillion current US$ | +16.0% |
| 1980 | 12.42 trillion current US$ | +12.2% |
| 1981 | 12.72 trillion current US$ | +2.5% |
| 1982 | 12.55 trillion current US$ | -1.4% |
| 1983 | 12.83 trillion current US$ | +2.3% |
| 1984 | 13.31 trillion current US$ | +3.7% |
| 1985 | 13.92 trillion current US$ | +4.6% |
| 1986 | 16.57 trillion current US$ | +19.1% |
| 1987 | 18.96 trillion current US$ | +14.4% |
| 1988 | 21.26 trillion current US$ | +12.1% |
| 1989 | 22.24 trillion current US$ | +4.6% |
| 1990 | 24.91 trillion current US$ | +12.0% |
| 1991 | 26.01 trillion current US$ | +4.4% |
| 1992 | 27.76 trillion current US$ | +6.7% |
| 1993 | 28.27 trillion current US$ | +1.8% |
| 1994 | 30.25 trillion current US$ | +7.0% |
| 1995 | 33.60 trillion current US$ | +11.1% |
| 1996 | 34.15 trillion current US$ | +1.6% |
| 1997 | 34.17 trillion current US$ | +0.1% |
| 1998 | 34.01 trillion current US$ | -0.5% |
| 1999 | 35.06 trillion current US$ | +3.1% |
| 2000 | 36.22 trillion current US$ | +3.3% |
| 2001 | 35.85 trillion current US$ | -1.0% |
| 2002 | 37.06 trillion current US$ | +3.4% |
| 2003 | 41.44 trillion current US$ | +11.8% |
| 2004 | 46.46 trillion current US$ | +12.1% |
| 2005 | 50.00 trillion current US$ | +7.6% |
| 2006 | 53.68 trillion current US$ | +7.4% |
| 2007 | 59.83 trillion current US$ | +11.5% |
| 2008 | 64.94 trillion current US$ | +8.5% |
| 2009 | 60.91 trillion current US$ | -6.2% |
| 2010 | 65.79 trillion current US$ | +8.0% |
| 2011 | 72.33 trillion current US$ | +9.9% |
| 2012 | 73.12 trillion current US$ | +1.1% |
| 2013 | 74.19 trillion current US$ | +1.5% |
| 2014 | 75.41 trillion current US$ | +1.6% |
| 2015 | 70.16 trillion current US$ | -7.0% |
| 2016 | 71.34 trillion current US$ | +1.7% |
| 2017 | 75.53 trillion current US$ | +5.9% |
| 2018 | 79.43 trillion current US$ | +5.2% |
| 2019 | 80.75 trillion current US$ | +1.7% |
| 2020 | 77.74 trillion current US$ | -3.7% |
| 2021 | 87.34 trillion current US$ | +12.4% |
| 2022 | 90.11 trillion current US$ | +3.2% |
| 2023 | 94.45 trillion current US$ | +4.8% |
| 2024 | 97.78 trillion current US$ | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.50 trillion current US$ | 3.34 trillion current US$ | 11.07 trillion current US$ | 10 |
| 1980s | 15.68 trillion current US$ | 12.42 trillion current US$ | 22.24 trillion current US$ | 10 |
| 1990s | 30.82 trillion current US$ | 24.91 trillion current US$ | 35.06 trillion current US$ | 10 |
| 2000s | 48.64 trillion current US$ | 35.85 trillion current US$ | 64.94 trillion current US$ | 10 |
| 2010s | 73.80 trillion current US$ | 65.79 trillion current US$ | 80.75 trillion current US$ | 10 |
| 2020s | 89.48 trillion current US$ | 77.74 trillion current US$ | 97.78 trillion current US$ | 5 |
Countries ranked near World
- 1 United States 22.49 trillion current US$ compare
- 2 Germany 4.57 trillion current US$ compare
- 3 Japan 4.16 trillion current US$ compare
- 4 United Kingdom 3.61 trillion current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.49 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 180.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 trillion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0114 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 163.93 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in World?
- Gross value added at basic prices (gva) in World was 97.78 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in World?
- The highest recorded value was 97.78 trillion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in World?
- The lowest recorded value was 3.34 trillion current US$ in 1970.
- How does World rank for gross value added at basic prices (gva)?
- World ranks 1st out of 38 groups with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in World?
- Over the last ten years it is up 29.7%. The long-run trend across the full record is volatile.
- Where does this World 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.