Abstract
In recent years, global value-added (GVA) production has seen diverse trends influenced by economic shifts and local factors. Iran’s 2023 GVA, leading with 142 plcu in local currency, underscores its significant economic transformation, driven by oil exports and industrial development despite sanctions. Historically, economies with strong natural resources, like Iran, have seen fluctuations in GVA due to global demand, political factors, and economic diversification efforts. These shifts highlight the growing importance of regional economies in the global value chain, alongside emerging sectors.
Gva, local currency
From 1960 to 2023, the GVA for agriculture, forestry, and fisheries has exhibited varying trends, influenced by economic, environmental, and political factors. Iran’s 2023 GVA of 142 plcu, at 100% of its peak, highlights a significant focus on agricultural production, despite challenges like sanctions and fluctuating oil prices. Over the decades, countries with abundant natural resources have shown growth in agricultural GVA, often tied to land use, technological advancements, and government policies. Meanwhile, global shifts toward industrialization and service sectors have gradually reduced the share of agriculture in many economies.
The maximum is the latest one, 142PLCU of Iran
Gva, local currency (worldwide)
From 1960 to 2023, global GVA in local currencies has reflected economic shifts driven by industrialization, technology, and global trade. Iran’s 2023 GVA of 142 plcu, at 100% of its peak, highlights a strong performance in its economy, bolstered by oil exports and agricultural contributions despite external pressures like sanctions. Over the decades, many economies transitioned from agriculture-based to service and manufacturing-driven growth. While global GVA has generally increased, regional fluctuations show how local factors, including government policies and natural resources, shape economic outcomes.
The maximum is the latest one, 142PLCU of Iran
Gva, local currency (world countries, latest year)
In 2023, Iran recorded the highest GVA in local currency at 142 plcu, a significant outlier compared to the global average of 1.21 plcu. This high value reflects Iran’s robust sectors such as oil, agriculture, and industry, which have remained vital despite external challenges like sanctions. The total global GVA stood at 180 plcu, illustrating the uneven distribution of economic output across countries. Over the years, economies with abundant natural resources and industrial capacity, like Iran, have outperformed others, contributing to disparities in global economic performance and growth trends.
The maximum is 142PLCU of Iran, the average is 1.22PLCU, and the total is 180PLCU
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