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South Korea: Services value added, billion USD: For that indicator, The World Bank provides data for South Korea from 1965 to 2015. The average value for South Korea during that period was 224.15 billion U.S. dollars with a minumum of 1.12 billion U.S. dollars in 1965 and a maximum of 748.27 billion U.S. dollars in 2015.
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Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.