Gross value added at basic prices (GVA) in South Korea
South Korea: Gross value added at basic prices (GVA) was 1.74 trillion current US$ in 2025. ◆ Volatile
Latest (2025)
1.74 trillion current US$
Change on year
up 0.0%
World rank
11th
of 207 countries
All-time high
1.78 trillion current US$
in 2021
All-time low
2.28 billion current US$
in 1961
Years of data
66
1960–2025
Gross value added at basic prices (GVA) in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
South Korea recorded 1.74 trillion current US$ for gross value added at basic prices (gva) in 2025.
The figure is up 22.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in South Korea peaked at 1.78 trillion current US$ in 2021 and was at its lowest, 2.28 billion current US$, in 1961.
That places South Korea 11th out of 207 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 3.69 billion current US$ | — |
| 1961 | 2.28 billion current US$ | -38.2% |
| 1962 | 2.63 billion current US$ | +15.0% |
| 1963 | 3.79 billion current US$ | +44.1% |
| 1964 | 3.33 billion current US$ | -12.1% |
| 1965 | 2.97 billion current US$ | -10.7% |
| 1966 | 3.70 billion current US$ | +24.6% |
| 1967 | 4.54 billion current US$ | +22.6% |
| 1968 | 5.65 billion current US$ | +24.3% |
| 1969 | 7.08 billion current US$ | +25.3% |
| 1970 | 8.29 billion current US$ | +17.2% |
| 1971 | 9.17 billion current US$ | +10.6% |
| 1972 | 10.20 billion current US$ | +11.2% |
| 1973 | 13.05 billion current US$ | +27.9% |
| 1974 | 18.23 billion current US$ | +39.7% |
| 1975 | 20.11 billion current US$ | +10.3% |
| 1976 | 27.34 billion current US$ | +36.0% |
| 1977 | 35.06 billion current US$ | +28.2% |
| 1978 | 47.20 billion current US$ | +34.6% |
| 1979 | 60.92 billion current US$ | +29.1% |
| 1980 | 59.48 billion current US$ | -2.4% |
| 1981 | 66.51 billion current US$ | +11.8% |
| 1982 | 71.55 billion current US$ | +7.6% |
| 1983 | 79.65 billion current US$ | +11.3% |
| 1984 | 89.45 billion current US$ | +12.3% |
| 1985 | 93.54 billion current US$ | +4.6% |
| 1986 | 108.41 billion current US$ | +15.9% |
| 1987 | 137.86 billion current US$ | +27.2% |
| 1988 | 186.68 billion current US$ | +35.4% |
| 1989 | 232.07 billion current US$ | +24.3% |
| 1990 | 264.90 billion current US$ | +14.1% |
| 1991 | 311.49 billion current US$ | +17.6% |
| 1992 | 334.92 billion current US$ | +7.5% |
| 1993 | 371.35 billion current US$ | +10.9% |
| 1994 | 437.72 billion current US$ | +17.9% |
| 1995 | 535.75 billion current US$ | +22.4% |
| 1996 | 574.37 billion current US$ | +7.2% |
| 1997 | 535.82 billion current US$ | -6.7% |
| 1998 | 365.60 billion current US$ | -31.8% |
| 1999 | 468.76 billion current US$ | +28.2% |
| 2000 | 541.20 billion current US$ | +15.5% |
| 2001 | 512.09 billion current US$ | -5.4% |
| 2002 | 584.95 billion current US$ | +14.2% |
| 2003 | 657.87 billion current US$ | +12.5% |
| 2004 | 750.20 billion current US$ | +14.0% |
| 2005 | 884.32 billion current US$ | +17.9% |
| 2006 | 997.37 billion current US$ | +12.8% |
| 2007 | 1.11 trillion current US$ | +11.6% |
| 2008 | 995.64 billion current US$ | -10.6% |
| 2009 | 899.47 billion current US$ | -9.7% |
| 2010 | 1.09 trillion current US$ | +21.1% |
| 2011 | 1.20 trillion current US$ | +10.0% |
| 2012 | 1.23 trillion current US$ | +2.3% |
| 2013 | 1.32 trillion current US$ | +7.9% |
| 2014 | 1.43 trillion current US$ | +8.5% |
| 2015 | 1.42 trillion current US$ | -1.1% |
| 2016 | 1.45 trillion current US$ | +2.4% |
| 2017 | 1.57 trillion current US$ | +8.3% |
| 2018 | 1.68 trillion current US$ | +6.7% |
| 2019 | 1.61 trillion current US$ | -3.9% |
| 2020 | 1.60 trillion current US$ | -0.7% |
| 2021 | 1.78 trillion current US$ | +11.2% |
| 2022 | 1.66 trillion current US$ | -7.0% |
| 2023 | 1.71 trillion current US$ | +3.4% |
| 2024 | 1.74 trillion current US$ | +1.7% |
| 2025 | 1.74 trillion current US$ | +0.0% |
South Korea compared with similar countries
- South Korea's 1.74 trillion current US$ is above the median for high income countries, which is 110.20 billion current US$, 15.8× the median. (77 countries reporting)
- South Korea's 1.74 trillion current US$ is above the median for East Asia & Pacific, which is 22.97 billion current US$, 75.8× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.97 billion current US$ | 2.28 billion current US$ | 7.08 billion current US$ | 10 |
| 1970s | 24.96 billion current US$ | 8.29 billion current US$ | 60.92 billion current US$ | 10 |
| 1980s | 112.52 billion current US$ | 59.48 billion current US$ | 232.07 billion current US$ | 10 |
| 1990s | 420.07 billion current US$ | 264.90 billion current US$ | 574.37 billion current US$ | 10 |
| 2000s | 793.63 billion current US$ | 512.09 billion current US$ | 1.11 trillion current US$ | 10 |
| 2010s | 1.40 trillion current US$ | 1.09 trillion current US$ | 1.68 trillion current US$ | 10 |
| 2020s | 1.71 trillion current US$ | 1.60 trillion current US$ | 1.78 trillion current US$ | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in South Korea?
- Gross value added at basic prices (gva) in South Korea was 1.74 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in South Korea?
- The highest recorded value was 1.78 trillion current US$ in 2021.
- What is the lowest gross value added at basic prices (gva) recorded in South Korea?
- The lowest recorded value was 2.28 billion current US$ in 1961.
- How does South Korea rank for gross value added at basic prices (gva)?
- South Korea ranks 11th out of 207 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in South Korea?
- Over the last ten years it is up 22.8%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.