Republic of Korea vs Latin America & Caribbean: Industry (including construction), value added per worker
Industry (including construction), value added per worker over time
- Republic of Korea
- Latin America & Caribbean
How they compare
Republic of Korea currently reports 97,124 constant 2015 US$ against 22,007 constant 2015 US$ in Latin America & Caribbean, a difference of 75,117 constant 2015 US$.
That makes Republic of Korea's figure about 4.4 times Latin America & Caribbean's.
Across all 35 years both countries report, Republic of Korea has been ahead every year.
Republic of Korea ranks 18th and Latin America & Caribbean ranks 20th of 176 countries.
Republic of Korea has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Republic of Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 29,517 constant 2015 US$ | 20,347 constant 2015 US$ | 9,170 constant 2015 US$ | Republic of Korea |
| 2000s | 56,869 constant 2015 US$ | 21,252 constant 2015 US$ | 35,617 constant 2015 US$ | Republic of Korea |
| 2010s | 80,843 constant 2015 US$ | 22,550 constant 2015 US$ | 58,292 constant 2015 US$ | Republic of Korea |
| 2020s | 92,739 constant 2015 US$ | 21,863 constant 2015 US$ | 70,876 constant 2015 US$ | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher industry (including construction), value added per worker, Republic of Korea or Latin America & Caribbean?
- Republic of Korea, at 97,124 constant 2015 US$ against 22,007 constant 2015 US$ in Latin America & Caribbean as of 2025.
- What is the difference in industry (including construction), value added per worker between Republic of Korea and Latin America & Caribbean?
- 75,117 constant 2015 US$, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Latin America & Caribbean?
- 35 years are reported by both, from 1991 to 2025.
- How do Republic of Korea and Latin America & Caribbean rank globally for industry (including construction), value added per worker?
- Republic of Korea ranks 18th and Latin America & Caribbean ranks 20th of 176 countries.
- Where does this data come from?
- World Development Indicators database, World Bank (WB), published as Industry (including construction), value added per worker (constant 2015 US$). 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.