European Union vs South Korea: Services, value added (constant 2015 US$)
Services, value added (constant 2015 US$) over time
- European Union
- South Korea
How they compare
European Union currently reports 10.69 trillion constant 2015 US$ against 1.12 trillion constant 2015 US$ in South Korea, a difference of 9.57 trillion constant 2015 US$.
That makes European Union's figure about 9.6 times South Korea's.
Across all 35 years both countries report, European Union has been ahead every year.
European Union ranks 12th and South Korea ranks 11th of 43 groups.
European Union has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | European Union | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.06 trillion constant 2015 US$ | 335.46 billion constant 2015 US$ | 5.72 trillion constant 2015 US$ | European Union |
| 2000s | 7.74 trillion constant 2015 US$ | 576.61 billion constant 2015 US$ | 7.17 trillion constant 2015 US$ | European Union |
| 2010s | 8.94 trillion constant 2015 US$ | 839.93 billion constant 2015 US$ | 8.10 trillion constant 2015 US$ | European Union |
| 2020s | 10.14 trillion constant 2015 US$ | 1.06 trillion constant 2015 US$ | 9.09 trillion constant 2015 US$ | European Union |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, European Union or South Korea?
- European Union, at 10.69 trillion constant 2015 US$ against 1.12 trillion constant 2015 US$ in South Korea as of 2025.
- What is the difference in services, value added between European Union and South Korea?
- 9.57 trillion constant 2015 US$, with European Union ahead.
- How many years of comparable data are there for European Union and South Korea?
- 35 years are reported by both, from 1991 to 2025.
- How do European Union and South Korea rank globally for services, value added?
- European Union ranks 12th and South Korea ranks 11th of 43 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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 defense, 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 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.