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 151st of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in South Korea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1961 | 1.0% | — |
| 1962 | 7.6% | +662.7% |
| 1963 | 5.6% | -26.2% |
| 1964 | 1.3% | -77.0% |
| 1965 | 6.9% | +433.6% |
| 1966 | 11.2% | +62.7% |
| 1967 | 13.0% | +16.4% |
| 1968 | 16.1% | +23.4% |
| 1969 | 14.4% | -10.5% |
| 1970 | 14.0% | -2.9% |
| 1971 | 12.2% | -12.6% |
| 1972 | 8.3% | -31.7% |
| 1973 | 11.4% | +36.7% |
| 1974 | 7.3% | -36.1% |
| 1975 | 7.8% | +7.5% |
| 1976 | 9.8% | +25.2% |
| 1977 | 10.6% | +7.6% |
| 1978 | 10.4% | -1.3% |
| 1979 | 8.0% | -22.8% |
| 1980 | 5.8% | -27.4% |
| 1981 | 6.3% | +8.2% |
| 1982 | 9.7% | +53.1% |
| 1983 | 10.0% | +3.0% |
| 1984 | 9.1% | -8.4% |
| 1985 | 8.8% | -4.1% |
| 1986 | 10.6% | +21.1% |
| 1987 | 12.2% | +15.5% |
| 1988 | 12.6% | +3.3% |
| 1989 | 9.4% | -25.6% |
| 1990 | 9.5% | +0.8% |
| 1991 | 10.5% | +11.0% |
| 1992 | 8.0% | -23.7% |
| 1993 | 8.4% | +4.1% |
| 1994 | 9.4% | +12.5% |
| 1995 | 9.0% | -3.8% |
| 1996 | 8.1% | -10.8% |
| 1997 | 7.4% | -7.8% |
| 1998 | -2.0% | -126.4% |
| 1999 | 10.0% | -608.4% |
| 2000 | 7.9% | -21.0% |
| 2001 | 5.7% | -27.9% |
| 2002 | 8.5% | +50.1% |
| 2003 | 2.4% | -71.9% |
| 2004 | 3.3% | +35.4% |
| 2005 | 4.6% | +41.2% |
| 2006 | 4.9% | +5.8% |
| 2007 | 5.9% | +21.8% |
| 2008 | 3.8% | -35.3% |
| 2009 | 1.7% | -54.4% |
| 2010 | 5.1% | +190.1% |
| 2011 | 3.8% | -24.3% |
| 2012 | 3.4% | -11.1% |
| 2013 | 3.5% | +3.4% |
| 2014 | 3.0% | -14.5% |
| 2015 | 3.1% | +3.9% |
| 2016 | 3.4% | +8.8% |
| 2017 | 2.8% | -16.9% |
| 2018 | 4.2% | +48.1% |
| 2019 | 3.8% | -9.4% |
| 2020 | -0.4% | -111.2% |
| 2021 | 4.3% | -1118.3% |
| 2022 | 3.8% | -12.6% |
| 2023 | 2.7% | -29.5% |
| 2024 | 1.6% | -39.6% |
| 2025 | 1.7% | +7.5% |
South Korea compared with similar countries
- South Korea's 1.7% is below the median for high income countries, which is 2.2%, 81% of the median. (69 countries reporting)
- South Korea's 1.7% is below the median for East Asia & Pacific, which is 3.4%, 51% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Services, value added in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1118.3% | -0.4% | 4.3% |
| 1962 | +662.7% | 1.0% | 7.6% |
| 1999 | +608.4% | -2.0% | 10.0% |
| 1965 | +433.6% | 1.3% | 6.9% |
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
- 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 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 151st out of 198 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.