South Korea: Industry value added

* indicates monthly or quarterly data series
 South Korea

Industry value added, billion USD

 Latest value 531.07
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 182.79
 Min - Max 0.43 - 589.75
 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 182.79 billion U.S. dollars with a minimum of 0.43 billion U.S. dollars in 1961 and a maximum of 589.75 billion U.S. dollars in 2021. The latest value from 2022 is 531.07 billion U.S. dollars. For comparison, the world average in 2022 based on 165 countries is 126.10 billion U.S. dollars. 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 - Industry value added - Recent values chart

Historical chart
South Korea - Industry value added - historical chart - 1960-2022

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Share of industry 31.73 2022 percent
 Share of manufacturing 25.63 2022 percent
 Share of services 58.03 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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