(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series
South Korea: Services value added, billion USD
For that indicator, we provide data for South Korea from 1960 to 2017. The average value for South Korea during that period was 222.07 billion U.S. dollars with a minimum of 0.92 billion U.S. dollars in 1961 and a maximum of 808.92 billion U.S. dollars in 2017.
The latest value from 2017 is 808.92 billion U.S. dollars. For comparison, the world average in 2017 based on 137
countries is 215.45 billion U.S. dollars.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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 or 4. Data are in constant 2010 U.S. dollars.