Iceland vs South Korea: Industry (including construction), value added per worker
Industry (including construction), value added per worker over time
- Iceland
- South Korea
How they compare
Iceland currently reports 102,710 constant 2015 US$ against 97,124 constant 2015 US$ in South Korea, a difference of 5,586 constant 2015 US$.
That makes Iceland's figure about 1.1 times South Korea's.
Across all 31 years both countries report, Iceland has been ahead every year.
Iceland ranks 15th and South Korea ranks 18th of 176 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 61,430 constant 2015 US$ | 34,362 constant 2015 US$ | 27,069 constant 2015 US$ | Iceland |
| 2000s | 81,676 constant 2015 US$ | 56,869 constant 2015 US$ | 24,807 constant 2015 US$ | Iceland |
| 2010s | 100,683 constant 2015 US$ | 80,843 constant 2015 US$ | 19,840 constant 2015 US$ | Iceland |
| 2020s | 103,275 constant 2015 US$ | 92,739 constant 2015 US$ | 10,536 constant 2015 US$ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher industry (including construction), value added per worker, Iceland or South Korea?
- Iceland, at 102,710 constant 2015 US$ against 97,124 constant 2015 US$ in South Korea as of 2025.
- What is the difference in industry (including construction), value added per worker between Iceland and South Korea?
- 5,586 constant 2015 US$, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Korea?
- 31 years are reported by both, from 1995 to 2025.
- How do Iceland and South Korea rank globally for industry (including construction), value added per worker?
- Iceland ranks 15th and South Korea ranks 18th of 176 countries.
- Where does this data come from?
- World Development Indicators database, World Bank (WB), published as Industry (including construction), value added per worker (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. The core indicator has been divided by the number of workers in this sector to derive a measure of labor productivity. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.