South Korea vs Latin America & Caribbean (excluding high income): Manufacturing, value added
Manufacturing, value added over time
- South Korea
- Latin America & Caribbean (excluding high income)
How they compare
South Korea currently reports 27.4% against 17.6% in Latin America & Caribbean (excluding high income), a difference of 9.8%.
That makes South Korea's figure about 1.6 times Latin America & Caribbean (excluding high income)'s.
The two have swapped places 3 times across 61 shared years of data; in 1965 it was Latin America & Caribbean (excluding high income) ahead.
South Korea ranks 7th and Latin America & Caribbean (excluding high income) ranks 10th of 205 countries.
Across the 7 decades both report, South Korea averaged higher in 4 and Latin America & Caribbean (excluding high income) in 3.
Head to head by decade
| Decade | South Korea | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 16.9% | 50.6% | 33.7% | Latin America & Caribbean (excluding high income) |
| 1970s | 19.9% | 43.0% | 23.1% | Latin America & Caribbean (excluding high income) |
| 1980s | 24.4% | 29.0% | 4.6% | Latin America & Caribbean (excluding high income) |
| 1990s | 25.5% | 22.3% | 3.2% | South Korea |
| 2000s | 25.7% | 19.4% | 6.4% | South Korea |
| 2010s | 28.0% | 16.7% | 11.3% | South Korea |
| 2020s | 26.3% | 18.4% | 7.9% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, South Korea or Latin America & Caribbean (excluding high income)?
- South Korea, at 27.4% against 17.6% in Latin America & Caribbean (excluding high income) as of 2025.
- What is the difference in manufacturing, value added between South Korea and Latin America & Caribbean (excluding high income)?
- 9.8%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Latin America & Caribbean (excluding high income)?
- 61 years are reported by both, from 1965 to 2025.
- How do South Korea and Latin America & Caribbean (excluding high income) rank globally for manufacturing, value added?
- South Korea ranks 7th and Latin America & Caribbean (excluding high income) ranks 10th of 205 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.