Republic of Korea vs Latvia: Services, value added
Services, value added over time
- Republic of Korea
- Latvia
How they compare
Republic of Korea currently reports 1.7% against 1.6% in Latvia, a difference of 0.1%.
That makes Republic of Korea's figure about 1.1 times Latvia's.
The two have swapped places 12 times across 30 shared years of data; in 1996 it was Republic of Korea ahead.
Republic of Korea ranks 149th and Latvia ranks 152nd of 196 countries.
Across the 4 decades both report, Republic of Korea averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Republic of Korea | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.9% | 6.1% | 0.2% | Latvia |
| 2000s | 4.9% | 6.5% | 1.6% | Latvia |
| 2010s | 3.6% | 2.3% | 1.3% | Republic of Korea |
| 2020s | 2.3% | 1.9% | 0.4% | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Republic of Korea or Latvia?
- Republic of Korea, at 1.7% against 1.6% in Latvia as of 2025.
- What is the difference in services, value added between Republic of Korea and Latvia?
- 0.1%, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Latvia?
- 30 years are reported by both, from 1996 to 2025.
- How do Republic of Korea and Latvia rank globally for services, value added?
- Republic of Korea ranks 149th and Latvia ranks 152nd of 196 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (annual % growth). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.