Republic of Korea vs Lower middle income: Manufacturing, value added
Manufacturing, value added over time
- Republic of Korea
- Lower middle income
How they compare
Lower middle income currently reports 1.40 trillion constant 2015 US$ against 546.69 billion constant 2015 US$ in Republic of Korea, a difference of 853.65 billion constant 2015 US$.
That makes Lower middle income's figure about 2.6 times Republic of Korea's.
Across all 61 years both countries report, Lower middle income has been ahead every year.
Republic of Korea ranks 4th and Lower middle income ranks 5th of 185 countries.
Lower middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 3.49 billion constant 2015 US$ | 89.79 billion constant 2015 US$ | 86.30 billion constant 2015 US$ | Lower middle income |
| 1970s | 13.74 billion constant 2015 US$ | 130.85 billion constant 2015 US$ | 117.11 billion constant 2015 US$ | Lower middle income |
| 1980s | 45.73 billion constant 2015 US$ | 178.76 billion constant 2015 US$ | 133.03 billion constant 2015 US$ | Lower middle income |
| 1990s | 125.54 billion constant 2015 US$ | 252.82 billion constant 2015 US$ | 127.28 billion constant 2015 US$ | Lower middle income |
| 2000s | 266.34 billion constant 2015 US$ | 410.16 billion constant 2015 US$ | 143.82 billion constant 2015 US$ | Lower middle income |
| 2010s | 424.14 billion constant 2015 US$ | 768.29 billion constant 2015 US$ | 344.14 billion constant 2015 US$ | Lower middle income |
| 2020s | 510.11 billion constant 2015 US$ | 1.19 trillion constant 2015 US$ | 680.79 billion constant 2015 US$ | Lower middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, Republic of Korea or Lower middle income?
- Lower middle income, at 1.40 trillion 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 Lower middle income?
- 853.65 billion constant 2015 US$, with Lower middle income ahead.
- How many years of comparable data are there for Republic of Korea and Lower middle income?
- 61 years are reported by both, from 1965 to 2025.
- How do Republic of Korea and Lower middle income rank globally for manufacturing, value added?
- Republic of Korea ranks 4th and Lower middle income ranks 5th of 185 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (constant 2015 US$). 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.