Gross value added at basic prices (GVA) (current US$)

This economic indicator quantifies the total value generated by various sectors of the economy, specifically agriculture, industry, and services, measured at basic prices rather than final sales. It reflects the contribution of these sectors before accounting for taxes on products, thus providing a clearer view of their actual productivity and economic value. By calculating this figure in current U.S. dollars, it offers a snapshot of economic activity unadjusted for inflation, facilitating real-time comparisons. Analyzing this indicator helps policymakers assess sectoral performance and directs resource allocation by highlighting growth areas and potential economic challenges. Understanding the interplay between different sectors aids in devising strategies for sustainable economic development. Source: