South Korea: GDP share of agriculture

(measure: percent; source: The World Bank)

South Korea: Value added in the agricultural sector as percent of GDP

: For that indicator, The World Bank provides data for South Korea from 1960 to 2016. The average value for South Korea during that period was 15.48 percent with a minumum of 2.2 percent in 2016 and a maximum of 48.33 percent in 1964. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The importance of agriculture in the economy of South Korea and other countries is measured as the value added of the agricultural sector as percent of GDP. Agriculture includes forestry, hunting, and fishing, as well as the cultivation of crops and livestock production.

Definition: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.