Agriculture value added share of GDP in Republic of Korea
Republic of Korea: Agriculture value added share of GDP was 1.4% in 2023. ▼ Falling
Agriculture value added share of GDP in Republic of Korea, 2001–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for agriculture value added share of gdp in Republic of Korea is 1.4%, measured in 2023. That is the lowest value across all 23 years on record.
Compared with earlier readings it is down 1.4% on the previous year and down 28.5% over ten years.
Over the whole period, agriculture value added share of gdp in Republic of Korea peaked at 3.4% in 2001 and was at its lowest, 1.4%, in 2023.
That places Republic of Korea 173rd out of 203 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Agriculture value added share of GDP in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 3.4% | — |
| 2002 | 3.1% | -10.2% |
| 2003 | 2.9% | -7.5% |
| 2004 | 2.8% | -0.4% |
| 2005 | 2.5% | -11.6% |
| 2006 | 2.4% | -4.8% |
| 2007 | 2.2% | -8.8% |
| 2008 | 2.0% | -6.4% |
| 2009 | 2.1% | +4.9% |
| 2010 | 2.0% | -4.7% |
| 2011 | 2.1% | +3.4% |
| 2012 | 2.1% | -1.4% |
| 2013 | 2.0% | -3.8% |
| 2014 | 1.9% | -2.5% |
| 2015 | 1.9% | -2.6% |
| 2016 | 1.7% | -8.4% |
| 2017 | 1.7% | -1.7% |
| 2018 | 1.6% | -6.4% |
| 2019 | 1.5% | -5.6% |
| 2020 | 1.6% | +4.6% |
| 2021 | 1.7% | +5.7% |
| 2022 | 1.4% | -13.2% |
| 2023 | 1.4% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.6% | 2.0% | 3.4% | 9 |
| 2010s | 1.9% | 1.5% | 2.1% | 10 |
| 2020s | 1.5% | 1.4% | 1.7% | 4 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is agriculture value added share of gdp in Republic of Korea?
- Agriculture value added share of gdp in Republic of Korea was 1.4% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest agriculture value added share of gdp recorded in Republic of Korea?
- The highest recorded value was 3.4% in 2001.
- What is the lowest agriculture value added share of gdp recorded in Republic of Korea?
- The lowest recorded value was 1.4% in 2023.
- How does Republic of Korea rank for agriculture value added share of gdp?
- Republic of Korea ranks 173rd out of 203 countries with data for 2023.
- Is agriculture value added share of gdp rising or falling in Republic of Korea?
- Over the last ten years it is down 28.5%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Agriculture value added share of GDP (%). Statizoid updates them automatically from the source API.
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