Gross Domestic Product (GDP) and Gross Value Added (GVA) are both important economic indicators used to measure the economic performance and growth of a country. While they are related concepts, they capture different aspects of economic activity. Let’s delve into the details of each and provide examples to illustrate their differences:
**Gross Domestic Product (GDP):**
GDP represents the total value of all goods and services produced within a country’s borders over a specific period, usually a year or a quarter. It is a broad measure that encompasses all economic activities, including consumption, investment, government spending, and net exports (exports minus imports).
GDP = Consumption + Investment + Government Spending + (Exports – Imports)
Example:
Suppose Country A produces $500 million worth of goods and services in a year. Its citizens spend $300 million on consumption, businesses invest $100 million, and the government spends $50 million. The country exports $60 million worth of goods and imports $40 million. The GDP of Country A would be:
GDP = $300 million (consumption) + $100 million (investment) + $50 million (government spending) + ($60 million – $40 million) (net exports) = $470 million
**Gross Value Added (GVA):**
GVA, on the other hand, focuses specifically on the value added at each stage of production in the economy. It measures the difference between the value of output (goods and services produced) and the value of intermediate consumption (inputs used in production). GVA provides a clearer picture of how much value is generated within various sectors of the economy.
GVA = Output Value – Intermediate Consumption Value
Example:
Consider a car manufacturing company. It purchases raw materials and components worth $100 million to produce cars. The company sells the cars for $150 million. The GVA of the car manufacturing sector would be:
GVA = $150 million (output value) – $100 million (intermediate consumption value) = $50 million
Let’s further elaborate on the key differences between Gross Domestic Product (GDP) and Gross Value Added (GVA) with relevant examples:
**1. Scope:**
– **GDP:** Consider a country that produces cars, electronics, and textiles. GDP would measure the total value of all these goods and services produced within the country’s borders. It includes the final value of each product, regardless of whether they are used as inputs in other industries.
– **GVA:** In the same example, GVA would focus on the value added at each stage of production. For instance, if the car manufacturing sector produces cars worth $1 million and uses electronics worth $300,000 as inputs, the GVA for the car manufacturing sector would be $700,000 ($1 million – $300,000).
**2. Intermediate Consumption:**
– **GDP:** GDP includes the total market value of all final goods and services produced, regardless of whether they are used as intermediate inputs in other production processes.
– **GVA:** GVA looks specifically at the value added at each stage of production. This means that intermediate consumption, which represents inputs used in the production process, is subtracted from the output value to calculate GVA.
**3. Focus on Production and Value Addition:**
– **GDP:** Imagine a scenario where a country produces $100 million worth of steel and $200 million worth of cars. The GDP would sum up both these values to measure the total economic output across sectors.
– **GVA:** GVA emphasizes the value added at each stage of production. Let’s say the steel used in car production costs $50 million. The GVA for the car manufacturing sector would consider only the value added during the car production process, which is $150 million ($200 million – $50 million).
**4. Net Taxes on Production and Imports:**
– **GDP:** Consider a country where the government collects $20 million in taxes on the production of goods and services and provides $10 million in subsidies. GDP would include the net taxes on production, which is $10 million ($20 million – $10 million).
ย ย – **GVA:** GVA does not include net taxes on production and imports. It focuses purely on the value added during production. If the value added in the production process is $150 million and taxes on production are $20 million, the GVA would remain $150 million.
GDP by Country
World’s GDP isย $100,562,000,000,000ย (nominal, 2022)
- Sources: World Bank (World Development Indicators, July 25, 2023); United Nations (World Population Prospects 2022).
| # | Country | GDP (nominal, 2022) | GDP (abbrev.) | GDP growth | Population (2022) | GDP per capita | Share of World GDP |
| 1 | United States | $25,462,700,000,000 | $25.463 trillion | 2.06% | 338,289,857 | $75,269 | 25.32% |
| 2 | China | $17,963,200,000,000 | $17.963 trillion | 2.99% | 1,425,887,337 | $12,598 | 17.86% |
| 3 | Japan | $4,231,140,000,000 | $4.231 trillion | 1.03% | 123,951,692 | $34,135 | 4.21% |
| 4 | Germany | $4,072,190,000,000 | $4.072 trillion | 1.79% | 83,369,843 | $48,845 | 4.05% |
| 5 | India | $3,385,090,000,000 | $3.385 trillion | 7.00% | 1,417,173,173 | $2,389 | 3.37% |
| 6 | United Kingdom | $3,070,670,000,000 | $3.071 trillion | 4.10% | 67,508,936 | $45,485 | 3.05% |
| 7 | France | $2,782,910,000,000 | $2.783 trillion | 2.56% | 64,626,628 | $43,061 | 2.77% |
| 8 | Russia | $2,240,420,000,000 | $2.240 trillion | -2.07% | 144,713,314 | $15,482 | 2.23% |
| 9 | Canada | $2,139,840,000,000 | $2.140 trillion | 3.40% | 38,454,327 | $55,646 | 2.13% |
| 10 | Italy | $2,010,430,000,000 | $2.010 trillion | 3.67% | 59,037,474 | $34,053 | 2.00% |
| 11 | Brazil | $1,920,100,000,000 | $1.920 trillion | 2.90% | 215,313,498 | $8,918 | 1.91% |
| 12 | Australia | $1,675,420,000,000 | $1.675 trillion | 3.62% | 26,177,413 | $64,003 | 1.67% |
| 13 | South Korea | $1,665,250,000,000 | $1.665 trillion | 2.56% | 51,815,810 | $32,138 | 1.66% |
| 14 | Mexico | $1,414,190,000,000 | $1.414 trillion | 3.06% | 127,504,125 | $11,091 | 1.41% |
| 15 | Spain | $1,397,510,000,000 | $1.398 trillion | 5.45% | 47,558,630 | $29,385 | 1.39% |
| 16 | Indonesia | $1,319,100,000,000 | $1.319 trillion | 5.31% | 275,501,339 | $4,788 | 1.31% |
| 17 | Saudi Arabia | $1,108,150,000,000 | $1.108 trillion | 8.74% | 36,408,820 | $30,436 | 1.10% |
| 18 | Netherlands | $991,115,000,000 | $991 billion | 4.48% | 17,564,014 | $56,429 | 0.99% |
| 19 | Turkey | $905,988,000,000 | $906 billion | 5.57% | 85,341,241 | $10,616 | 0.90% |
| 20 | Switzerland | $807,706,000,000 | $808 billion | 2.06% | 8,740,472 | $92,410 | 0.80% |
| 21 | Poland | $688,177,000,000 | $688 billion | 4.87% | 39,857,145 | $17,266 | 0.68% |
| 22 | Argentina | $632,770,000,000 | $633 billion | 5.24% | 45,510,318 | $13,904 | 0.63% |
| 23 | Sweden | $585,939,000,000 | $586 billion | 2.64% | 10,549,347 | $55,543 | 0.58% |
| 24 | Norway | $579,267,000,000 | $579 billion | 3.28% | 5,434,319 | $106,594 | 0.58% |
| 25 | Belgium | $578,604,000,000 | $579 billion | 3.25% | 11,655,930 | $49,640 | 0.58% |
| 26 | Ireland | $529,245,000,000 | $529 billion | 11.97% | 5,023,109 | $105,362 | 0.53% |
| 27 | Israel | $522,033,000,000 | $522 billion | 6.46% | 9,038,309 | $57,758 | 0.52% |
| 28 | United Arab Emirates | $507,535,000,000 | $508 billion | 7.41% | 9,441,129 | $53,758 | 0.50% |
| 29 | Thailand | $495,341,000,000 | $495 billion | 2.59% | 71,697,030 | $6,909 | 0.49% |
| 30 | Nigeria | $477,386,000,000 | $477 billion | 3.25% | 218,541,212 | $2,184 | 0.47% |
| 31 | Egypt | $476,748,000,000 | $477 billion | 6.59% | 110,990,103 | $4,295 | 0.47% |
| 32 | Austria | $471,400,000,000 | $471 billion | 5.00% | 8,939,617 | $52,732 | 0.47% |
| 33 | Singapore | $466,789,000,000 | $467 billion | 3.65% | 5,975,689 | $78,115 | 0.46% |
| 34 | Bangladesh | $460,201,000,000 | $460 billion | 7.10% | 171,186,372 | $2,688 | 0.46% |
| 35 | Vietnam | $408,802,000,000 | $409 billion | 8.02% | 98,186,856 | $4,164 | 0.41% |
| 36 | Malaysia | $406,306,000,000 | $406 billion | 8.69% | 33,938,221 | $11,972 | 0.40% |
| 37 | South Africa | $405,870,000,000 | $406 billion | 2.04% | 59,893,885 | $6,776 | 0.40% |
| 38 | Philippines | $404,284,000,000 | $404 billion | 7.57% | 115,559,009 | $3,499 | 0.40% |
| 39 | Denmark | $395,404,000,000 | $395 billion | 3.82% | 5,882,261 | $67,220 | 0.39% |
| 40 | Iran | $388,544,000,000 | $389 billion | 2.75% | 88,550,570 | $4,388 | 0.39% |
| 41 | Pakistan | $376,533,000,000 | $377 billion | 6.19% | 235,824,862 | $1,597 | 0.37% |
| 42 | Hong Kong | $359,839,000,000 | $360 billion | -3.48% | 7,488,865 | $48,050 | 0.36% |
| 43 | Colombia | $343,939,000,000 | $344 billion | 7.50% | 51,874,024 | $6,630 | 0.34% |
| 44 | Romania | $301,262,000,000 | $301 billion | 4.79% | 19,659,267 | $15,324 | 0.30% |
| 45 | Chile | $301,025,000,000 | $301 billion | 2.44% | 19,603,733 | $15,355 | 0.30% |
| 46 | Czech Republic (Czechia) | $290,924,000,000 | $291 billion | 2.46% | 10,493,986 | $27,723 | 0.29% |
| 47 | Finland | $280,826,000,000 | $281 billion | 2.08% | 5,540,745 | $50,684 | 0.28% |
| 48 | Iraq | $264,182,000,000 | $264 billion | 7.01% | 44,496,122 | $5,937 | 0.26% |
| 49 | Portugal | $251,945,000,000 | $252 billion | 6.69% | 10,270,865 | $24,530 | 0.25% |
| 50 | New Zealand | $247,234,000,000 | $247 billion | 2.16% | 5,185,288 | $47,680 | 0.25% |
| 51 | Peru | $242,632,000,000 | $243 billion | 2.68% | 34,049,588 | $7,126 | 0.24% |
| 52 | Qatar | $237,296,000,000 | $237 billion | 4.83% | 2,695,122 | $88,046 | 0.24% |
| 53 | Kazakhstan | $220,623,000,000 | $221 billion | 3.20% | 19,397,998 | $11,373 | 0.22% |
| 54 | Greece | $219,066,000,000 | $219 billion | 5.91% | 10,384,971 | $21,095 | 0.22% |
| 55 | Algeria | $191,913,000,000 | $192 billion | 3.10% | 44,903,225 | $4,274 | 0.19% |
| 56 | Kuwait | $184,558,000,000 | $185 billion | 8.18% | 4,268,873 | $43,233 | 0.18% |
| 57 | Hungary | $178,789,000,000 | $179 billion | 4.58% | 9,967,308 | $17,938 | 0.18% |
| 58 | Ukraine | $160,503,000,000 | $161 billion | -29.10% | 39,701,739 | $4,043 | 0.16% |
| 59 | Morocco | $134,182,000,000 | $134 billion | 1.08% | 37,457,971 | $3,582 | 0.13% |
| 60 | Ethiopia | $126,783,000,000 | $127 billion | 5.32% | 123,379,924 | $1,028 | 0.13% |
| 61 | Slovakia | $115,469,000,000 | $115 billion | 1.67% | 5,643,453 | $20,461 | 0.11% |
| 62 | Ecuador | $115,049,000,000 | $115 billion | 2.95% | 18,001,000 | $6,391 | 0.11% |
| 63 | Oman | $114,667,000,000 | $115 billion | 4.31% | 4,576,298 | $25,057 | 0.11% |
| 64 | Dominican Republic | $113,642,000,000 | $114 billion | 4.86% | 11,228,821 | $10,121 | 0.11% |
| 65 | Kenya | $113,420,000,000 | $113 billion | 4.85% | 54,027,487 | $2,099 | 0.11% |
| 66 | Angola | $106,714,000,000 | $107 billion | 3.05% | 35,588,987 | $2,999 | 0.11% |
| 67 | Guatemala | $95,003,333,381 | $95.00 billion | 4.12% | 17,843,908 | $5,324 | 0.09% |
| 68 | Bulgaria | $89,040,398,406 | $89.04 billion | 3.36% | 6,781,953 | $13,129 | 0.09% |
| 69 | Luxembourg | $82,274,812,251 | $82.27 billion | 1.55% | 647,599 | $127,046 | 0.08% |
| 70 | Uzbekistan | $80,391,853,885 | $80.39 billion | 5.67% | 34,627,652 | $2,322 | 0.08% |
| 71 | Azerbaijan | $78,721,058,824 | $78.72 billion | 4.62% | 10,358,074 | $7,600 | 0.08% |
| 72 | Panama | $76,522,511,781 | $76.52 billion | 10.81% | 4,408,581 | $17,358 | 0.08% |
| 73 | Tanzania | $75,709,289,056 | $75.71 billion | 4.56% | 65,497,748 | $1,156 | 0.08% |
| 74 | Sri Lanka | $74,403,578,363 | $74.40 billion | -7.82% | 21,832,143 | $3,408 | 0.07% |
| 75 | Ghana | $72,838,798,788 | $72.84 billion | 3.24% | 33,475,870 | $2,176 | 0.07% |
| 76 | Belarus | $72,793,457,588 | $72.79 billion | -4.70% | 9,534,954 | $7,634 | 0.07% |
| 77 | Uruguay | $71,177,146,197 | $71.18 billion | 4.92% | 3,422,794 | $20,795 | 0.07% |
| 78 | Croatia | $70,964,606,465 | $70.96 billion | 6.33% | 4,030,358 | $17,608 | 0.07% |
| 79 | Lithuania | $70,334,299,008 | $70.33 billion | 1.89% | 2,750,055 | $25,576 | 0.07% |
| 80 | Cรดte d’Ivoire | $70,018,715,017 | $70.02 billion | 6.74% | 28,160,542 | $2,486 | 0.07% |
| 81 | Costa Rica | $68,380,838,316 | $68.38 billion | 4.31% | 5,180,829 | $13,199 | 0.07% |
| 82 | Serbia | $63,501,748,652 | $63.50 billion | 2.25% | 7,221,365 | $8,794 | 0.06% |
| 83 | Slovenia | $62,117,768,015 | $62.12 billion | 5.37% | 2,119,844 | $29,303 | 0.06% |
| 84 | Myanmar | $59,364,362,541 | $59.36 billion | 3.00% | 54,179,306 | $1,096 | 0.06% |
| 85 | DR Congo | $58,065,953,573 | $58.07 billion | 8.92% | 99,010,212 | $586 | 0.06% |
| 86 | Sudan | $51,662,241,775 | $51.66 billion | -0.95% | 46,874,204 | $1,102 | 0.05% |
| 87 | Jordan | $47,451,499,859 | $47.45 billion | 2.50% | 11,285,869 | $4,205 | 0.05% |
| 88 | Tunisia | $46,664,948,952 | $46.66 billion | 2.52% | 12,356,117 | $3,777 | 0.05% |
| 89 | Libya | $45,752,336,036 | $45.75 billion | -1.24% | 6,812,341 | $6,716 | 0.05% |
| 90 | Uganda | $45,559,202,049 | $45.56 billion | 4.65% | 47,249,585 | $964 | 0.05% |
| 91 | Bahrain | $44,390,820,479 | $44.39 billion | 4.86% | 1,472,233 | $30,152 | 0.04% |
| 92 | Cameroon | $44,341,646,509 | $44.34 billion | 3.54% | 27,914,536 | $1,588 | 0.04% |
| 93 | Bolivia | $43,068,885,673 | $43.07 billion | 3.07% | 12,224,110 | $3,523 | 0.04% |
| 94 | Paraguay | $41,722,295,362 | $41.72 billion | 0.08% | 6,780,744 | $6,153 | 0.04% |
| 95 | Latvia | $41,153,912,663 | $41.15 billion | 1.98% | 1,850,651 | $22,238 | 0.04% |
| 96 | Nepal | $40,828,247,302 | $40.83 billion | 5.61% | 30,547,580 | $1,337 | 0.04% |
| 97 | Estonia | $38,100,812,959 | $38.10 billion | -1.29% | 1,326,062 | $28,732 | 0.04% |
| 98 | El Salvador | $32,488,720,000 | $32.49 billion | 2.60% | 6,336,392 | $5,127 | 0.03% |
| 99 | Honduras | $31,717,700,115 | $31.72 billion | 4.00% | 10,432,860 | $3,040 | 0.03% |
| 100 | Papua New Guinea | $30,633,444,295 | $30.63 billion | 4.60% | 10,142,619 | $3,020 | 0.03% |
| 101 | Cambodia | $29,956,769,529 | $29.96 billion | 5.16% | 16,767,842 | $1,787 | 0.03% |
| 102 | Zambia | $29,784,454,056 | $29.78 billion | 4.74% | 20,017,675 | $1,488 | 0.03% |
| 103 | Cyprus | $28,439,052,741 | $28.44 billion | 5.63% | 1,251,488 | $22,724 | 0.03% |
| 104 | Trinidad and Tobago | $27,899,082,337 | $27.90 billion | 2.48% | 1,531,044 | $18,222 | 0.03% |
| 105 | Iceland | $27,841,648,044 | $27.84 billion | 6.44% | 372,899 | $74,663 | 0.03% |
| 106 | Senegal | $27,684,430,244 | $27.68 billion | 4.15% | 17,316,449 | $1,599 | 0.03% |
| 107 | Georgia | $24,605,375,420 | $24.61 billion | 10.11% | 3,744,385 | $6,571 | 0.02% |
| 108 | Bosnia and Herzegovina | $24,527,507,288 | $24.53 billion | 3.90% | 3,233,526 | $7,585 | 0.02% |
| 109 | Macao | $21,979,475,561 | $21.98 billion | -26.76% | 695,168 | $31,618 | 0.02% |
| 110 | Guinea | $21,227,749,389 | $21.23 billion | 4.70% | 13,859,341 | $1,532 | 0.02% |
| 111 | Gabon | $21,071,739,228 | $21.07 billion | 3.04% | 2,388,992 | $8,820 | 0.02% |
| 112 | Zimbabwe | $20,678,055,598 | $20.68 billion | 3.40% | 16,320,537 | $1,267 | 0.02% |
| 113 | Botswana | $20,352,322,157 | $20.35 billion | 5.78% | 2,630,296 | $7,738 | 0.02% |
| 114 | Haiti | $20,253,551,885 | $20.25 billion | -1.68% | 11,584,996 | $1,748 | 0.02% |
| 115 | Armenia | $19,502,783,988 | $19.50 billion | 12.60% | 2,780,469 | $7,014 | 0.02% |
| 116 | State of Palestine | $19,111,900,000 | $19.11 billion | 3.93% | 5,250,072 | $3,640 | 0.02% |
| 117 | Burkina Faso | $18,884,619,613 | $18.88 billion | 1.48% | 22,673,762 | $833 | 0.02% |
| 118 | Albania | $18,882,095,518 | $18.88 billion | 4.84% | 2,842,321 | $6,643 | 0.02% |
| 119 | Mali | $18,827,176,532 | $18.83 billion | 3.69% | 22,593,590 | $833 | 0.02% |
| 120 | Mozambique | $17,851,491,428 | $17.85 billion | 4.15% | 32,969,518 | $541 | 0.02% |
| 121 | Malta | $17,765,270,015 | $17.77 billion | 6.85% | 533,286 | $33,313 | 0.02% |
| 122 | Benin | $17,401,746,309 | $17.40 billion | 6.25% | 13,352,864 | $1,303 | 0.02% |
| 123 | Jamaica | $17,097,760,745 | $17.10 billion | 4.20% | 2,827,377 | $6,047 | 0.02% |
| 124 | Mongolia | $16,810,883,361 | $16.81 billion | 4.85% | 3,398,366 | $4,947 | 0.02% |
| 125 | Brunei | $16,681,531,646 | $16.68 billion | -1.63% | 449,002 | $37,152 | 0.02% |
| 126 | Laos | $15,724,383,783 | $15.72 billion | 2.71% | 7,529,475 | $2,088 | 0.02% |
| 127 | Nicaragua | $15,671,583,878 | $15.67 billion | 3.75% | 6,948,392 | $2,255 | 0.02% |
| 128 | Guyana | $15,357,537,068 | $15.36 billion | 57.80% | 808,726 | $18,990 | 0.02% |
| 129 | Madagascar | $14,954,967,604 | $14.95 billion | 3.80% | 29,611,714 | $505 | 0.01% |
| 130 | Congo | $14,615,532,210 | $14.62 billion | 1.55% | 5,970,424 | $2,448 | 0.01% |
| 131 | Moldova | $14,420,947,884 | $14.42 billion | -5.95% | 3,272,996 | $4,406 | 0.01% |
| 132 | Niger | $13,969,605,583 | $13.97 billion | 11.50% | 26,207,977 | $533 | 0.01% |
| 133 | North Macedonia | $13,563,132,057 | $13.56 billion | 2.15% | 2,093,599 | $6,478 | 0.01% |
| 134 | Rwanda | $13,312,796,765 | $13.31 billion | 8.16% | 13,776,698 | $966 | 0.01% |
| 135 | Malawi | $13,164,667,627 | $13.16 billion | 0.92% | 20,405,317 | $645 | 0.01% |
| 136 | Mauritius | $12,898,307,089 | $12.90 billion | 8.69% | 1,299,469 | $9,926 | 0.01% |
| 137 | Bahamas | $12,897,400,000 | $12.90 billion | 14.37% | 409,984 | $31,458 | 0.01% |
| 138 | Chad | $12,704,149,842 | $12.70 billion | 2.24% | 17,723,315 | $717 | 0.01% |
| 139 | Namibia | $12,607,436,976 | $12.61 billion | 4.56% | 2,567,012 | $4,911 | 0.01% |
| 140 | Equatorial Guinea | $11,813,908,448 | $11.81 billion | 3.15% | 1,674,908 | $7,053 | 0.01% |
| 141 | Kyrgyzstan | $10,930,644,915 | $10.93 billion | 7.02% | 6,630,623 | $1,649 | 0.01% |
| 142 | Tajikistan | $10,492,123,388 | $10.49 billion | 8.00% | 9,952,787 | $1,054 | 0.01% |
| 143 | Mauritania | $10,375,460,680 | $10.38 billion | 5.20% | 4,736,139 | $2,191 | 0.01% |
| 144 | Togo | $8,126,439,481 | $8.13 billion | 5.81% | 8,848,699 | $918 | 0.01% |
| 145 | Maldives | $6,189,865,408 | $6.19 billion | 12.30% | 523,787 | $11,818 | 0.01% |
| 146 | Montenegro | $6,095,978,868 | $6.10 billion | 6.09% | 627,082 | $9,721 | 0.01% |
| 147 | Barbados | $5,637,914,515 | $5.64 billion | 10.00% | 281,635 | $20,019 | 0.01% |
| 148 | Fiji | $4,943,248,200 | $4.94 billion | 16.12% | 929,766 | $5,317 | 0.00% |
| 149 | Eswatini | $4,854,167,638 | $4.85 billion | 3.91% | 1,201,670 | $4,040 | 0.00% |
| 150 | Liberia | $4,001,047,150 | $4.00 billion | 4.81% | 5,302,681 | $755 | 0.00% |
| 151 | Sierra Leone | $3,970,343,852 | $3.97 billion | 3.50% | 8,605,718 | $461 | 0.00% |
| 152 | Suriname | $3,620,655,116 | $3.62 billion | 1.89% | 618,040 | $5,858 | 0.00% |
| 153 | Andorra | $3,352,032,737 | $3.35 billion | 8.81% | 79,824 | $41,993 | 0.00% |
| 154 | Timor-Leste | $3,163,324,631 | $3.16 billion | -17.49% | 1,341,296 | $2,358 | 0.00% |
| 155 | Burundi | $3,073,414,678 | $3.07 billion | 1.85% | 12,889,576 | $238 | 0.00% |
| 156 | Belize | $2,824,081,836 | $2.82 billion | 12.13% | 405,272 | $6,968 | 0.00% |
| 157 | Lesotho | $2,553,459,763 | $2.55 billion | 0.59% | 2,305,825 | $1,107 | 0.00% |
| 158 | Central African Republic | $2,382,618,615 | $2.38 billion | 0.00% | 5,579,144 | $427 | 0.00% |
| 159 | Cabo Verde | $2,314,816,792 | $2.31 billion | 17.71% | 593,149 | $3,903 | 0.00% |
| 160 | Gambia | $2,273,060,863 | $2.27 billion | 4.92% | 2,705,992 | $840 | 0.00% |
| 161 | Saint Lucia | $2,065,027,556 | $2.07 billion | 15.40% | 179,857 | $11,481 | 0.00% |
| 162 | Antigua and Barbuda | $1,757,603,704 | $1.76 billion | 8.46% | 93,763 | $18,745 | 0.00% |
| 163 | Guinea-Bissau | $1,633,559,092 | $1.63 billion | 3.50% | 2,105,566 | $776 | 0.00% |
| 164 | Solomon Islands | $1,595,710,784 | $1.60 billion | -4.06% | 724,273 | $2,203 | 0.00% |
| 165 | Seychelles | $1,588,406,479 | $1.59 billion | 8.80% | 107,118 | $14,829 | 0.00% |
| 166 | Grenada | $1,256,413,185 | $1.26 billion | 5.80% | 125,438 | $10,016 | 0.00% |
| 167 | Comoros | $1,242,519,407 | $1.24 billion | 2.39% | 836,774 | $1,485 | 0.00% |
| 168 | Vanuatu | $983,582,865 | $984 million | 1.85% | 326,740 | $3,010 | 0.00% |
| 169 | Saint Kitts & Nevis | $961,563,259 | $962 million | 9.00% | 47,657 | $20,177 | 0.00% |
| 170 | St. Vincent & Grenadines | $948,558,503 | $949 million | 4.95% | 103,948 | $9,125 | 0.00% |
| 171 | Samoa | $832,421,565 | $832 million | -6.02% | 222,382 | $3,743 | 0.00% |
| 172 | Dominica | $612,048,148 | $612 million | 5.94% | 72,737 | $8,415 | 0.00% |
| 173 | Sao Tome & Principe | $546,680,342 | $547 million | 0.93% | 227,380 | $2,404 | 0.00% |
| 174 | Micronesia | $427,094,119 | $427 million | -0.62% | 539,013 | $792 | 0.00% |
| 175 | Marshall Islands | $279,667,900 | $280 million | 1.50% | 41,569 | $6,728 | 0.00% |
| 176 | Kiribati | $223,352,943 | $223 million | 1.56% | 131,232 | $1,702 | 0.00% |
| 177 | Tuvalu | $60,349,391 | $60 million | 0.68% | 11,312 | $5,335 | 0.00% |
In summary, while both GDP and GVA provide insights into an economy’s economic activity, GVA offers a more detailed view of value addition at each stage of production. GDP, on the other hand, offers a broader picture of the total market value of goods and services produced within a country’s borders, including consumption, investment, government spending, and net exports.
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