South Korea vs Latin America & Caribbean: Services, value added
Services, value added over time
- South Korea
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 4.37 trillion constant 2015 US$ against 1.12 trillion constant 2015 US$ in South Korea, a difference of 3.25 trillion constant 2015 US$.
That makes Latin America & Caribbean's figure about 3.9 times South Korea's.
Across all 56 years both countries report, Latin America & Caribbean has been ahead every year.
South Korea ranks 11th and Latin America & Caribbean ranks 14th of 195 countries.
Latin America & Caribbean has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | South Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 56.48 billion constant 2015 US$ | 944.95 billion constant 2015 US$ | 888.47 billion constant 2015 US$ | Latin America & Caribbean |
| 1980s | 133.61 billion constant 2015 US$ | 1.47 trillion constant 2015 US$ | 1.34 trillion constant 2015 US$ | Latin America & Caribbean |
| 1990s | 323.94 billion constant 2015 US$ | 1.93 trillion constant 2015 US$ | 1.61 trillion constant 2015 US$ | Latin America & Caribbean |
| 2000s | 576.61 billion constant 2015 US$ | 2.61 trillion constant 2015 US$ | 2.04 trillion constant 2015 US$ | Latin America & Caribbean |
| 2010s | 839.93 billion constant 2015 US$ | 3.60 trillion constant 2015 US$ | 2.76 trillion constant 2015 US$ | Latin America & Caribbean |
| 2020s | 1.06 trillion constant 2015 US$ | 4.06 trillion constant 2015 US$ | 3.01 trillion constant 2015 US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, South Korea or Latin America & Caribbean?
- Latin America & Caribbean, at 4.37 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 South Korea and Latin America & Caribbean?
- 3.25 trillion constant 2015 US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for South Korea and Latin America & Caribbean?
- 56 years are reported by both, from 1970 to 2025.
- How do South Korea and Latin America & Caribbean rank globally for services, value added?
- South Korea ranks 11th and Latin America & Caribbean ranks 14th of 195 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (constant 2015 US$). 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.