Gross value added at factor cost (constant LCU) - Oceania
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.
Description: The map below shows how Gross value added at factor cost (constant LCU) varies by country in Oceania. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the region is Australia, with a value of 1,725,710,000,000.00. The country with the lowest value in the region is Tuvalu, with a value of 29,819,000.00.
Source: World Bank national accounts data, and OECD National Accounts data files.
Base Period: varies by country