South Korea: Manufacturing value added

The latest value from 2023 is 416.39 billion U.S. dollars, a decline from 429.06 billion U.S. dollars in 2022. In comparison, the world average is 92.84 billion U.S. dollars, based on data from 127 countries. Historically, the average for South Korea from 1960 to 2023 is 144.44 billion U.S. dollars. The minimum value, 0.29 billion U.S. dollars, was reached in 1961 while the maximum of 463.45 billion U.S. dollars was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.

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. Data are in current U.S. dollars.