South Korea vs OECD members: Manufacturing, value added (constant 2015 US$)
Manufacturing, value added (constant 2015 US$) over time
- South Korea
- OECD members
How they compare
OECD members currently reports 7.62 trillion constant 2015 US$ against 546.69 billion constant 2015 US$ in South Korea, a difference of 7.08 trillion constant 2015 US$.
That makes OECD members's figure about 13.9 times South Korea's.
Across all 28 years both countries report, OECD members has been ahead every year.
South Korea ranks 4th and OECD members ranks 2nd of 186 countries.
OECD members has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | South Korea | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 157.87 billion constant 2015 US$ | 4.88 trillion constant 2015 US$ | 4.72 trillion constant 2015 US$ | OECD members |
| 2000s | 266.34 billion constant 2015 US$ | 5.71 trillion constant 2015 US$ | 5.44 trillion constant 2015 US$ | OECD members |
| 2010s | 424.14 billion constant 2015 US$ | 6.63 trillion constant 2015 US$ | 6.21 trillion constant 2015 US$ | OECD members |
| 2020s | 502.79 billion constant 2015 US$ | 7.49 trillion constant 2015 US$ | 6.99 trillion constant 2015 US$ | OECD members |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, South Korea or OECD members?
- OECD members, at 7.62 trillion constant 2015 US$ against 546.69 billion constant 2015 US$ in South Korea as of 2024.
- What is the difference in manufacturing, value added between South Korea and OECD members?
- 7.08 trillion constant 2015 US$, with OECD members ahead.
- How many years of comparable data are there for South Korea and OECD members?
- 28 years are reported by both, from 1997 to 2024.
- How do South Korea and OECD members rank globally for manufacturing, value added?
- South Korea ranks 4th and OECD members ranks 2nd of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (constant 2015 US$). 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.