Services, value added (constant LCU), annual growth rate in Republic of Korea
Republic of Korea: Services, value added (constant LCU), annual growth rate was 1.74 % change on previous year in 2025. ◆ Volatile
Latest (2025)
1.74 % change on previous year
Change on year
up 7.6%
World rank
149th
of 196 countries
All-time high
16.09 % change on previous year
in 1968
All-time low
-1.96 % change on previous year
in 1998
Years of data
65
1961–2025
Services, value added (constant LCU), annual growth rate in Republic of Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Republic of Korea recorded 1.74 % change on previous year for services, value added (constant lcu), annual growth rate in 2025.
That represents a change of up 7.6% on the previous year and down 44.3% over ten years.
Over the whole period, services, value added (constant lcu), annual growth rate in Republic of Korea peaked at 16.09 % change on previous year in 1968 and was at its lowest, -1.96 % change on previous year, in 1998.
Republic of Korea ranks 149th of 196 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 (constant LCU), annual growth rate in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 0.9978 % change on previous year | — |
| 1962 | 7.61 % change on previous year | +662.7% |
| 1963 | 5.62 % change on previous year | -26.2% |
| 1964 | 1.29 % change on previous year | -77.0% |
| 1965 | 6.89 % change on previous year | +433.6% |
| 1966 | 11.2 % change on previous year | +62.7% |
| 1967 | 13.04 % change on previous year | +16.4% |
| 1968 | 16.09 % change on previous year | +23.4% |
| 1969 | 14.4 % change on previous year | -10.5% |
| 1970 | 13.97 % change on previous year | -2.9% |
| 1971 | 12.22 % change on previous year | -12.6% |
| 1972 | 8.35 % change on previous year | -31.7% |
| 1973 | 11.41 % change on previous year | +36.7% |
| 1974 | 7.29 % change on previous year | -36.1% |
| 1975 | 7.84 % change on previous year | +7.5% |
| 1976 | 9.82 % change on previous year | +25.2% |
| 1977 | 10.56 % change on previous year | +7.6% |
| 1978 | 10.42 % change on previous year | -1.3% |
| 1979 | 8.05 % change on previous year | -22.8% |
| 1980 | 5.84 % change on previous year | -27.4% |
| 1981 | 6.32 % change on previous year | +8.3% |
| 1982 | 9.68 % change on previous year | +53.1% |
| 1983 | 9.97 % change on previous year | +3.0% |
| 1984 | 9.13 % change on previous year | -8.4% |
| 1985 | 8.76 % change on previous year | -4.1% |
| 1986 | 10.6 % change on previous year | +21.1% |
| 1987 | 12.25 % change on previous year | +15.5% |
| 1988 | 12.65 % change on previous year | +3.3% |
| 1989 | 9.41 % change on previous year | -25.6% |
| 1990 | 9.48 % change on previous year | +0.8% |
| 1991 | 10.53 % change on previous year | +11.0% |
| 1992 | 8.04 % change on previous year | -23.7% |
| 1993 | 8.36 % change on previous year | +4.1% |
| 1994 | 9.41 % change on previous year | +12.5% |
| 1995 | 9.05 % change on previous year | -3.8% |
| 1996 | 8.07 % change on previous year | -10.8% |
| 1997 | 7.44 % change on previous year | -7.8% |
| 1998 | -1.96 % change on previous year | -126.4% |
| 1999 | 9.99 % change on previous year | -608.4% |
| 2000 | 7.89 % change on previous year | -21.0% |
| 2001 | 5.69 % change on previous year | -27.9% |
| 2002 | 8.54 % change on previous year | +50.1% |
| 2003 | 2.4 % change on previous year | -71.9% |
| 2004 | 3.25 % change on previous year | +35.4% |
| 2005 | 4.59 % change on previous year | +41.2% |
| 2006 | 4.86 % change on previous year | +5.8% |
| 2007 | 5.91 % change on previous year | +21.8% |
| 2008 | 3.83 % change on previous year | -35.3% |
| 2009 | 1.75 % change on previous year | -54.4% |
| 2010 | 5.06 % change on previous year | +190.1% |
| 2011 | 3.83 % change on previous year | -24.3% |
| 2012 | 3.41 % change on previous year | -11.1% |
| 2013 | 3.52 % change on previous year | +3.4% |
| 2014 | 3.01 % change on previous year | -14.5% |
| 2015 | 3.13 % change on previous year | +3.9% |
| 2016 | 3.4 % change on previous year | +8.8% |
| 2017 | 2.83 % change on previous year | -16.9% |
| 2018 | 4.19 % change on previous year | +48.0% |
| 2019 | 3.8 % change on previous year | -9.4% |
| 2020 | -0.4266 % change on previous year | -111.2% |
| 2021 | 4.35 % change on previous year | -1118.9% |
| 2022 | 3.8 % change on previous year | -12.6% |
| 2023 | 2.68 % change on previous year | -29.5% |
| 2024 | 1.62 % change on previous year | -39.6% |
| 2025 | 1.74 % change on previous year | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.57 % change on previous year | 0.9978 % change on previous year | 16.09 % change on previous year | 9 |
| 1970s | 9.99 % change on previous year | 7.29 % change on previous year | 13.97 % change on previous year | 10 |
| 1980s | 9.46 % change on previous year | 5.84 % change on previous year | 12.65 % change on previous year | 10 |
| 1990s | 7.84 % change on previous year | -1.96 % change on previous year | 10.53 % change on previous year | 10 |
| 2000s | 4.87 % change on previous year | 1.75 % change on previous year | 8.54 % change on previous year | 10 |
| 2010s | 3.62 % change on previous year | 2.83 % change on previous year | 5.06 % change on previous year | 10 |
| 2020s | 2.29 % change on previous year | -0.4266 % change on previous year | 4.35 % change on previous year | 6 |
Countries ranked near Republic of Korea
- 146 Brazil 1.82 % change on previous year compare
- 147 Bermuda 1.77 % change on previous year compare
- 148 Denmark 1.76 % change on previous year compare
- 150 Australia 1.72 % change on previous year compare
- 151 Netherlands 1.67 % change on previous year compare
- 152 Latvia 1.64 % change on previous year compare
More economy & growth data for Republic of Korea
- Manufacturing, value added (current US$), per unit of GDP 0.2743 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 9,936 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 390.12 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 14.13 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.292 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 10,578 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 12.06 million constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.1 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3433 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 12,437 current US$ per person (2025)
Frequently asked questions
- What is services, value added (constant lcu), annual growth rate in Republic of Korea?
- Services, value added (constant lcu), annual growth rate in Republic of Korea was 1.74 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), annual growth rate recorded in Republic of Korea?
- The highest recorded value was 16.09 % change on previous year in 1968.
- What is the lowest services, value added (constant lcu), annual growth rate recorded in Republic of Korea?
- The lowest recorded value was -1.96 % change on previous year in 1998.
- How does Republic of Korea rank for services, value added (constant lcu), annual growth rate?
- Republic of Korea ranks 149th out of 196 countries with data for 2025.
- Is services, value added (constant lcu), annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is down 44.3%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.