Services, value added in South Korea
South Korea: Services, value added was 1.7% in 2025. ◆ Volatile
Services, value added in South Korea, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2025, services, value added in South Korea stood at 1.7%.
That represents a change of up 7.5% on the previous year and down 44.3% over ten years.
Over the whole period, services, value added in South Korea peaked at 16.1% in 1968 and was at its lowest, -2.0%, in 1998.
South Korea ranks 148th of 195 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.6% | 1.0% | 16.1% | 9 |
| 1970s | 10.0% | 7.3% | 14.0% | 10 |
| 1980s | 9.5% | 5.8% | 12.6% | 10 |
| 1990s | 7.8% | -2.0% | 10.5% | 10 |
| 2000s | 4.9% | 1.7% | 8.5% | 10 |
| 2010s | 3.6% | 2.8% | 5.1% | 10 |
| 2020s | 2.3% | -0.4% | 4.3% | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- External balance on goods and services as a percent of GDP 5.2% (2025)
- Inflation of consumer prices 2.1% (2025)
- GDP per capita 37,470 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 27.4% (2025)
- Gross domestic product (GDP) 1.94 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 37,470 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
Frequently asked questions
- What is services, value added in South Korea?
- Services, value added in South Korea was 1.7% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in South Korea?
- The highest recorded value was 16.1% in 1968.
- What is the lowest services, value added recorded in South Korea?
- The lowest recorded value was -2.0% in 1998.
- How does South Korea rank for services, value added?
- South Korea ranks 148th out of 195 countries with data for 2025.
- Is services, value added rising or falling in South Korea?
- Over the last ten years it is down 44.3%. 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 Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.