South Korea: Agriculture value added

* indicates monthly or quarterly data series
 South Korea

Agriculture value added, billion USD

 Latest value 27.33
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 16.80
 Min - Max 0.94 - 33.74
 Source The World Bank
For that indicator, we provide data for South Korea from 1960 to 2023. The average value for South Korea during that period was 16.8 billion U.S. dollars with a minimum of 0.94 billion U.S. dollars in 1961 and a maximum of 33.74 billion U.S. dollars in 2021. The latest value from 2023 is 27.33 billion U.S. dollars. For comparison, the world average in 2023 based on 152 countries is 25.33 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 - Agriculture value added - Recent values chart

Historical chart
South Korea - Agriculture value added - historical chart - 1960-2023




Definition: Agriculture corresponds to International Standard Industrial Classification (ISIC) divisions 1-5, while the origin of value added is determined by the ISIC, revision 3. Agriculture value added is the net output of the agriculture sector, including forestry, hunting and fishing, and cultivation of crops and livestock production, after adding up all outputs and subtracting intermediate inputs. Deductions for depreciation of fabricated assets and depletion and degradation of natural resources are not included in the calculation. Values are in billion U.S. dollars.

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 Related indicators Latest value Reference Measure
 Forest area, percent 64.3 2021 percent
 Percent agricultural land 16.42 2021 percent
 Employment in agriculture 5.43 2022 percent
 GDP share of agriculture 1.64 2022 percent
 Agriculture value added 27.33 2023 billion U.S. dollars
 Agricultural land 16,030 2021 sq. km.
 Crop production index 93.6 2022 index points
 Precipitation 1,274 2020 mm per year
 Arable land, percent of land area 13.8 2021 percent
 Cereal crop yield by hectar 6,603 2022 kg per hectar
 Food production index 101.2 2022 index points
 Fertilizer use 281.5 2021 kg per hectare of arable land
 Livestock production index 109.3 2022 index points
 Forest area, sq.km 62,770.0 2021 sq. km
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