Republic of Korea vs Latin America & the Caribbean (IDA & IBRD countries): Services, value added
Services, value added over time
- Republic of Korea
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Latin America & the Caribbean (IDA & IBRD countries) currently reports 4.81 trillion current US$ against 1.07 trillion current US$ in Republic of Korea, a difference of 3.74 trillion current US$.
That makes Latin America & the Caribbean (IDA & IBRD countries)'s figure about 4.5 times Republic of Korea's.
Across all 48 years both countries report, Latin America & the Caribbean (IDA & IBRD countries) has been ahead every year.
Republic of Korea ranks 15th and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 206 countries.
Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Republic of Korea | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 24.20 billion current US$ | 364.63 billion current US$ | 340.44 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 56.48 billion current US$ | 451.26 billion current US$ | 394.77 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 231.57 billion current US$ | 1.14 trillion current US$ | 904.76 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 479.10 billion current US$ | 1.85 trillion current US$ | 1.37 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 840.78 billion current US$ | 3.73 trillion current US$ | 2.89 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 1.06 trillion current US$ | 4.04 trillion current US$ | 2.98 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Republic of Korea or Latin America & the Caribbean (IDA & IBRD countries)?
- Latin America & the Caribbean (IDA & IBRD countries), at 4.81 trillion current US$ against 1.07 trillion current US$ in Republic of Korea as of 2025.
- What is the difference in services, value added between Republic of Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 3.74 trillion current US$, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Republic of Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 48 years are reported by both, from 1978 to 2025.
- How do Republic of Korea and Latin America & the Caribbean (IDA & IBRD countries) rank globally for services, value added?
- Republic of Korea ranks 15th and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 206 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (current US$). 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 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.