Korea vs Latin America & the Caribbean (IDA & IBRD countries): Industry (including construction), value added per worker
Industry (including construction), value added per worker over time
- Korea
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Korea currently reports 97,124 constant 2015 US$ against 22,007 constant 2015 US$ in Latin America & the Caribbean (IDA & IBRD countries), a difference of 75,117 constant 2015 US$.
That makes Korea's figure about 4.4 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 35 years both countries report, Korea has been ahead every year.
Korea ranks 18th and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 176 countries.
Korea has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Korea | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 29,517 constant 2015 US$ | 20,522 constant 2015 US$ | 8,995 constant 2015 US$ | Korea |
| 2000s | 56,869 constant 2015 US$ | 21,354 constant 2015 US$ | 35,515 constant 2015 US$ | Korea |
| 2010s | 80,843 constant 2015 US$ | 22,468 constant 2015 US$ | 58,375 constant 2015 US$ | Korea |
| 2020s | 92,739 constant 2015 US$ | 21,885 constant 2015 US$ | 70,854 constant 2015 US$ | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher industry (including construction), value added per worker, Korea or Latin America & the Caribbean (IDA & IBRD countries)?
- Korea, at 97,124 constant 2015 US$ against 22,007 constant 2015 US$ in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in industry (including construction), value added per worker between Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 75,117 constant 2015 US$, with Korea ahead.
- How many years of comparable data are there for Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 35 years are reported by both, from 1991 to 2025.
- How do Korea and Latin America & the Caribbean (IDA & IBRD countries) rank globally for industry (including construction), value added per worker?
- Korea ranks 18th and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 176 countries.
- Where does this data come from?
- World Development Indicators database, World Bank (WB), published as Industry (including construction), value added per worker (constant 2015 US$). 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.