South Korea: Share of manufacturing

* indicates monthly or quarterly data series
 South Korea

Value added by the manufacturing sector as percent of GDP

 Latest value 25.63
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 22.89
 Min - Max 11.4 - 28.24
 Source The World Bank
For that indicator, we provide data for South Korea from 1960 to 2022. The average value for South Korea during that period was 22.89 percent with a minimum of 11.4 percent in 1960 and a maximum of 28.24 percent in 2011. The latest value from 2022 is 25.63 percent. For comparison, the world average in 2022 based on 125 countries is 13.12 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Share of manufacturing - recent values

Historical chart
South Korea - Share of manufacturing - historical chart - 1960-2022




The importance of manufacturing in the economy of South Korea and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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.


 Related indicators Latest value Reference Measure
 Share of industry 31.76 2022 percent
 Share of manufacturing 25.63 2022 percent
 Share of services 58.24 2022 percent
 Industry value added 531.07 2022 billion U.S. dollars
 Manufacturing value added 429.06 2022 billion U.S. dollars
 Services value added 971.44 2022 billion U.S. dollars
 Savings, percent of GDP 34.47 2022 percent
 Savings, in dollars 576.96 2022 billion U.S. dollars
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