Manufacturing, value added in Republic of Korea
Republic of Korea: Manufacturing, value added was 2.0% in 2025. ◆ Volatile
Manufacturing, value added in Republic of Korea, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Republic of Korea recorded 2.0% for manufacturing, value added in 2025.
The figure is down 52.9% on the previous year and up 14.7% over ten years.
Over the whole period, manufacturing, value added in Republic of Korea peaked at 30.5% in 1973 and was at its lowest, -7.3%, in 1998.
That places Republic of Korea 103rd out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Republic of Korea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1961 | 5.5% | — |
| 1962 | 15.2% | +178.7% |
| 1963 | 16.1% | +5.8% |
| 1964 | 9.8% | -39.2% |
| 1965 | 22.4% | +129.2% |
| 1966 | 18.4% | -17.7% |
| 1967 | 23.5% | +27.2% |
| 1968 | 22.6% | -3.8% |
| 1969 | 17.5% | -22.6% |
| 1970 | 15.8% | -9.3% |
| 1971 | 17.3% | +9.3% |
| 1972 | 15.1% | -12.9% |
| 1973 | 30.5% | +102.3% |
| 1974 | 16.5% | -45.7% |
| 1975 | 12.8% | -22.5% |
| 1976 | 21.1% | +64.7% |
| 1977 | 16.5% | -22.1% |
| 1978 | 25.4% | +54.5% |
| 1979 | 10.5% | -58.5% |
| 1980 | -1.2% | -111.4% |
| 1981 | 9.5% | -887.1% |
| 1982 | 5.4% | -43.2% |
| 1983 | 17.2% | +219.1% |
| 1984 | 20.1% | +17.1% |
| 1985 | 7.3% | -63.6% |
| 1986 | 16.5% | +125.8% |
| 1987 | 20.3% | +23.0% |
| 1988 | 13.6% | -33.0% |
| 1989 | 4.5% | -67.1% |
| 1990 | 11.5% | +155.6% |
| 1991 | 14.4% | +26.0% |
| 1992 | 6.3% | -56.3% |
| 1993 | 7.2% | +14.9% |
| 1994 | 11.9% | +64.4% |
| 1995 | 13.4% | +12.5% |
| 1996 | 8.8% | -34.0% |
| 1997 | 6.2% | -30.2% |
| 1998 | -7.3% | -218.6% |
| 1999 | 19.6% | -367.2% |
| 2000 | 15.9% | -18.6% |
| 2001 | 2.9% | -81.7% |
| 2002 | 9.2% | +216.8% |
| 2003 | 4.8% | -48.3% |
| 2004 | 10.1% | +112.0% |
| 2005 | 5.0% | -50.6% |
| 2006 | 7.7% | +54.0% |
| 2007 | 7.9% | +2.4% |
| 2008 | 3.3% | -58.0% |
| 2009 | -1.7% | -150.2% |
| 2010 | 14.0% | -942.2% |
| 2011 | 5.2% | -63.3% |
| 2012 | 1.7% | -66.0% |
| 2013 | 3.5% | +100.2% |
| 2014 | 3.3% | -4.5% |
| 2015 | 1.8% | -47.2% |
| 2016 | 2.1% | +17.5% |
| 2017 | 4.3% | +105.1% |
| 2018 | 3.4% | -20.4% |
| 2019 | 0.5% | -85.4% |
| 2020 | -2.0% | -504.1% |
| 2021 | 6.5% | -423.4% |
| 2022 | 2.5% | -61.8% |
| 2023 | 1.5% | -40.3% |
| 2024 | 4.3% | +191.1% |
| 2025 | 2.0% | -52.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.8% | 5.5% | 23.5% | 9 |
| 1970s | 18.2% | 10.5% | 30.5% | 10 |
| 1980s | 11.3% | -1.2% | 20.3% | 10 |
| 1990s | 9.2% | -7.3% | 19.6% | 10 |
| 2000s | 6.5% | -1.7% | 15.9% | 10 |
| 2010s | 4.0% | 0.5% | 14.0% | 10 |
| 2020s | 2.5% | -2.0% | 6.5% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Net primary income (Net income from abroad) (current LCU), annual 23.99 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -2.41 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0698 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 2,528 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 1.82 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 99.26 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3.60 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,965 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,435 (2025)
Frequently asked questions
- What is manufacturing, value added in Republic of Korea?
- Manufacturing, value added in Republic of Korea was 2.0% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Republic of Korea?
- The highest recorded value was 30.5% in 1973.
- What is the lowest manufacturing, value added recorded in Republic of Korea?
- The lowest recorded value was -7.3% in 1998.
- How does Republic of Korea rank for manufacturing, value added?
- Republic of Korea ranks 103rd out of 190 countries with data for 2025.
- Is manufacturing, value added rising or falling in Republic of Korea?
- Over the last ten years it is up 14.7%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.