South Korea vs Lower middle income: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- South Korea
- Lower middle income
How they compare
Lower middle income currently reports 7.04 trillion current US$ against 1.74 trillion current US$ in South Korea, a difference of 5.30 trillion current US$.
That makes Lower middle income's figure about 4.0 times South Korea's.
Across all 66 years both countries report, Lower middle income has been ahead every year.
South Korea ranks 11th and Lower middle income ranks 10th of 204 countries.
Lower middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | South Korea | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 3.97 billion current US$ | 134.68 billion current US$ | 130.72 billion current US$ | Lower middle income |
| 1970s | 24.96 billion current US$ | 301.14 billion current US$ | 276.19 billion current US$ | Lower middle income |
| 1980s | 112.52 billion current US$ | 572.68 billion current US$ | 460.16 billion current US$ | Lower middle income |
| 1990s | 420.07 billion current US$ | 827.04 billion current US$ | 406.97 billion current US$ | Lower middle income |
| 2000s | 793.63 billion current US$ | 1.75 trillion current US$ | 959.30 billion current US$ | Lower middle income |
| 2010s | 1.40 trillion current US$ | 4.45 trillion current US$ | 3.05 trillion current US$ | Lower middle income |
| 2020s | 1.71 trillion current US$ | 6.35 trillion current US$ | 4.65 trillion current US$ | Lower middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), South Korea or Lower middle income?
- Lower middle income, at 7.04 trillion current US$ against 1.74 trillion current US$ in South Korea as of 2025.
- What is the difference in gross value added at basic prices (gva) between South Korea and Lower middle income?
- 5.30 trillion current US$, with Lower middle income ahead.
- How many years of comparable data are there for South Korea and Lower middle income?
- 66 years are reported by both, from 1960 to 2025.
- How do South Korea and Lower middle income rank globally for gross value added at basic prices (gva)?
- South Korea ranks 11th and Lower middle income ranks 10th of 204 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.