Services, value added in South Korea
South Korea: Services, value added was 1.12 trillion constant 2015 US$ in 2025. ◆ Volatile
Services, value added in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2025, services, value added in South Korea stood at 1.12 trillion constant 2015 US$. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 31.7% over ten years.
Over the whole period, services, value added in South Korea peaked at 1.12 trillion constant 2015 US$ in 2025 and was at its lowest, 15.20 billion constant 2015 US$, in 1960.
South Korea ranks 11th of 196 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in South Korea, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 15.20 billion constant 2015 US$ | — |
| 1961 | 15.36 billion constant 2015 US$ | +1.0% |
| 1962 | 16.52 billion constant 2015 US$ | +7.6% |
| 1963 | 17.45 billion constant 2015 US$ | +5.6% |
| 1964 | 17.68 billion constant 2015 US$ | +1.3% |
| 1965 | 18.90 billion constant 2015 US$ | +6.9% |
| 1966 | 21.01 billion constant 2015 US$ | +11.2% |
| 1967 | 23.75 billion constant 2015 US$ | +13.0% |
| 1968 | 27.58 billion constant 2015 US$ | +16.1% |
| 1969 | 31.55 billion constant 2015 US$ | +14.4% |
| 1970 | 35.95 billion constant 2015 US$ | +14.0% |
| 1971 | 40.35 billion constant 2015 US$ | +12.2% |
| 1972 | 43.72 billion constant 2015 US$ | +8.3% |
| 1973 | 48.70 billion constant 2015 US$ | +11.4% |
| 1974 | 52.25 billion constant 2015 US$ | +7.3% |
| 1975 | 56.35 billion constant 2015 US$ | +7.8% |
| 1976 | 61.88 billion constant 2015 US$ | +9.8% |
| 1977 | 68.41 billion constant 2015 US$ | +10.6% |
| 1978 | 75.54 billion constant 2015 US$ | +10.4% |
| 1979 | 81.62 billion constant 2015 US$ | +8.0% |
| 1980 | 86.39 billion constant 2015 US$ | +5.8% |
| 1981 | 91.85 billion constant 2015 US$ | +6.3% |
| 1982 | 100.75 billion constant 2015 US$ | +9.7% |
| 1983 | 110.80 billion constant 2015 US$ | +10.0% |
| 1984 | 120.92 billion constant 2015 US$ | +9.1% |
| 1985 | 131.50 billion constant 2015 US$ | +8.8% |
| 1986 | 145.45 billion constant 2015 US$ | +10.6% |
| 1987 | 163.27 billion constant 2015 US$ | +12.2% |
| 1988 | 183.92 billion constant 2015 US$ | +12.6% |
| 1989 | 201.22 billion constant 2015 US$ | +9.4% |
| 1990 | 220.31 billion constant 2015 US$ | +9.5% |
| 1991 | 243.50 billion constant 2015 US$ | +10.5% |
| 1992 | 263.07 billion constant 2015 US$ | +8.0% |
| 1993 | 285.08 billion constant 2015 US$ | +8.4% |
| 1994 | 311.90 billion constant 2015 US$ | +9.4% |
| 1995 | 340.12 billion constant 2015 US$ | +9.0% |
| 1996 | 367.56 billion constant 2015 US$ | +8.1% |
| 1997 | 394.91 billion constant 2015 US$ | +7.4% |
| 1998 | 387.15 billion constant 2015 US$ | -2.0% |
| 1999 | 425.81 billion constant 2015 US$ | +10.0% |
| 2000 | 459.41 billion constant 2015 US$ | +7.9% |
| 2001 | 485.57 billion constant 2015 US$ | +5.7% |
| 2002 | 527.04 billion constant 2015 US$ | +8.5% |
| 2003 | 539.71 billion constant 2015 US$ | +2.4% |
| 2004 | 557.25 billion constant 2015 US$ | +3.3% |
| 2005 | 582.84 billion constant 2015 US$ | +4.6% |
| 2006 | 611.14 billion constant 2015 US$ | +4.9% |
| 2007 | 647.27 billion constant 2015 US$ | +5.9% |
| 2008 | 672.05 billion constant 2015 US$ | +3.8% |
| 2009 | 683.78 billion constant 2015 US$ | +1.7% |
| 2010 | 718.39 billion constant 2015 US$ | +5.1% |
| 2011 | 745.91 billion constant 2015 US$ | +3.8% |
| 2012 | 771.32 billion constant 2015 US$ | +3.4% |
| 2013 | 798.49 billion constant 2015 US$ | +3.5% |
| 2014 | 822.55 billion constant 2015 US$ | +3.0% |
| 2015 | 848.28 billion constant 2015 US$ | +3.1% |
| 2016 | 877.17 billion constant 2015 US$ | +3.4% |
| 2017 | 901.99 billion constant 2015 US$ | +2.8% |
| 2018 | 939.78 billion constant 2015 US$ | +4.2% |
| 2019 | 975.46 billion constant 2015 US$ | +3.8% |
| 2020 | 971.29 billion constant 2015 US$ | -0.4% |
| 2021 | 1.01 trillion constant 2015 US$ | +4.3% |
| 2022 | 1.05 trillion constant 2015 US$ | +3.8% |
| 2023 | 1.08 trillion constant 2015 US$ | +2.7% |
| 2024 | 1.10 trillion constant 2015 US$ | +1.6% |
| 2025 | 1.12 trillion constant 2015 US$ | +1.7% |
South Korea compared with similar countries
- South Korea's 1.12 trillion constant 2015 US$ is above the median for high income countries, which is 67.86 billion constant 2015 US$, 16.5× the median. (69 countries reporting)
- South Korea's 1.12 trillion constant 2015 US$ is above the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 77.4× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.50 billion constant 2015 US$ | 15.20 billion constant 2015 US$ | 31.55 billion constant 2015 US$ | 10 |
| 1970s | 56.48 billion constant 2015 US$ | 35.95 billion constant 2015 US$ | 81.62 billion constant 2015 US$ | 10 |
| 1980s | 133.61 billion constant 2015 US$ | 86.39 billion constant 2015 US$ | 201.22 billion constant 2015 US$ | 10 |
| 1990s | 323.94 billion constant 2015 US$ | 220.31 billion constant 2015 US$ | 425.81 billion constant 2015 US$ | 10 |
| 2000s | 576.61 billion constant 2015 US$ | 459.41 billion constant 2015 US$ | 683.78 billion constant 2015 US$ | 10 |
| 2010s | 839.93 billion constant 2015 US$ | 718.39 billion constant 2015 US$ | 975.46 billion constant 2015 US$ | 10 |
| 2020s | 1.06 trillion constant 2015 US$ | 971.29 billion constant 2015 US$ | 1.12 trillion constant 2015 US$ | 6 |
Countries ranked near South Korea
- 8 Brazil 1.31 trillion constant 2015 US$ compare
- 9 Canada 1.31 trillion constant 2015 US$ compare
- 10 Australia 1.19 trillion constant 2015 US$ compare
- 12 Spain 1.05 trillion constant 2015 US$ compare
- 13 Russia 951.93 billion constant 2015 US$ compare
- 14 Mexico 852.73 billion constant 2015 US$ compare
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 1.12 trillion constant 2015 US$ 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 1.12 trillion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in South Korea?
- The lowest recorded value was 15.20 billion constant 2015 US$ in 1960.
- How does South Korea rank for services, value added?
- South Korea ranks 11th out of 196 countries with data for 2025.
- Is services, value added rising or falling in South Korea?
- Over the last ten years it is up 31.7%. 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.