Republic of Korea vs Latin America & Caribbean: Manufacturing, value added
Manufacturing, value added over time
- Republic of Korea
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 957.00 billion constant 2015 US$ against 546.69 billion constant 2015 US$ in Republic of Korea, a difference of 410.31 billion constant 2015 US$.
That makes Latin America & Caribbean's figure about 1.8 times Republic of Korea's.
Across all 61 years both countries report, Latin America & Caribbean has been ahead every year.
Republic of Korea ranks 4th and Latin America & Caribbean ranks 8th of 186 countries.
Latin America & Caribbean has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 3.49 billion constant 2015 US$ | 236.41 billion constant 2015 US$ | 232.92 billion constant 2015 US$ | Latin America & Caribbean |
| 1970s | 13.74 billion constant 2015 US$ | 389.54 billion constant 2015 US$ | 375.80 billion constant 2015 US$ | Latin America & Caribbean |
| 1980s | 45.73 billion constant 2015 US$ | 516.91 billion constant 2015 US$ | 471.18 billion constant 2015 US$ | Latin America & Caribbean |
| 1990s | 125.54 billion constant 2015 US$ | 614.56 billion constant 2015 US$ | 489.02 billion constant 2015 US$ | Latin America & Caribbean |
| 2000s | 266.34 billion constant 2015 US$ | 770.26 billion constant 2015 US$ | 503.92 billion constant 2015 US$ | Latin America & Caribbean |
| 2010s | 424.14 billion constant 2015 US$ | 904.04 billion constant 2015 US$ | 479.90 billion constant 2015 US$ | Latin America & Caribbean |
| 2020s | 510.11 billion constant 2015 US$ | 929.28 billion constant 2015 US$ | 419.17 billion constant 2015 US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, Republic of Korea or Latin America & Caribbean?
- Latin America & Caribbean, at 957.00 billion constant 2015 US$ against 546.69 billion constant 2015 US$ in Republic of Korea as of 2025.
- What is the difference in manufacturing, value added between Republic of Korea and Latin America & Caribbean?
- 410.31 billion constant 2015 US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Republic of Korea and Latin America & Caribbean?
- 61 years are reported by both, from 1965 to 2025.
- How do Republic of Korea and Latin America & Caribbean rank globally for manufacturing, value added?
- Republic of Korea ranks 4th and Latin America & Caribbean ranks 8th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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. 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.