South Korea: Manufacturing value added

* indicates monthly or quarterly data series
 South Korea

Manufacturing value added, billion USD

 Latest value 456.6
 Reference 2021
 Measure billion U.S. dollars
 Source The World Bank

For that indicator, we provide data for South Korea from 1960 to 2021. The average value for South Korea during that period was 135.34 billion U.S. dollars with a minimum of 0.29 billion U.S. dollars in 1961 and a maximum of 459.47 billion U.S. dollars in 2018. The latest value from 2021 is 456.6 billion U.S. dollars. For comparison, the world average in 2021 based on 123 countries is 90.97 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


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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.
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