Services, value added in South Korea
South Korea: Services, value added was 1,347.27 trillion constant LCU in 2025. ◆ Volatile
Services, value added in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in South Korea is 1,347.27 trillion constant LCU, measured in 2025. That is the highest value across all 66 years on record.
The figure 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 1,347.27 trillion constant LCU in 2025 and was at its lowest, 18.34 trillion constant LCU, in 1960.
That places South Korea 4th out of 199 countries with data for 2025, putting it 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 LCU | Change |
|---|---|---|
| 1960 | 18.34 trillion constant LCU | — |
| 1961 | 18.52 trillion constant LCU | +1.0% |
| 1962 | 19.93 trillion constant LCU | +7.6% |
| 1963 | 21.05 trillion constant LCU | +5.6% |
| 1964 | 21.33 trillion constant LCU | +1.3% |
| 1965 | 22.79 trillion constant LCU | +6.9% |
| 1966 | 25.35 trillion constant LCU | +11.2% |
| 1967 | 28.65 trillion constant LCU | +13.0% |
| 1968 | 33.26 trillion constant LCU | +16.1% |
| 1969 | 38.05 trillion constant LCU | +14.4% |
| 1970 | 43.37 trillion constant LCU | +14.0% |
| 1971 | 48.67 trillion constant LCU | +12.2% |
| 1972 | 52.73 trillion constant LCU | +8.3% |
| 1973 | 58.75 trillion constant LCU | +11.4% |
| 1974 | 63.03 trillion constant LCU | +7.3% |
| 1975 | 67.97 trillion constant LCU | +7.8% |
| 1976 | 74.64 trillion constant LCU | +9.8% |
| 1977 | 82.53 trillion constant LCU | +10.6% |
| 1978 | 91.13 trillion constant LCU | +10.4% |
| 1979 | 98.46 trillion constant LCU | +8.0% |
| 1980 | 104.21 trillion constant LCU | +5.8% |
| 1981 | 110.80 trillion constant LCU | +6.3% |
| 1982 | 121.53 trillion constant LCU | +9.7% |
| 1983 | 133.65 trillion constant LCU | +10.0% |
| 1984 | 145.86 trillion constant LCU | +9.1% |
| 1985 | 158.63 trillion constant LCU | +8.8% |
| 1986 | 175.46 trillion constant LCU | +10.6% |
| 1987 | 196.95 trillion constant LCU | +12.2% |
| 1988 | 221.86 trillion constant LCU | +12.6% |
| 1989 | 242.73 trillion constant LCU | +9.4% |
| 1990 | 265.75 trillion constant LCU | +9.5% |
| 1991 | 293.74 trillion constant LCU | +10.5% |
| 1992 | 317.35 trillion constant LCU | +8.0% |
| 1993 | 343.89 trillion constant LCU | +8.4% |
| 1994 | 376.25 trillion constant LCU | +9.4% |
| 1995 | 410.29 trillion constant LCU | +9.0% |
| 1996 | 443.39 trillion constant LCU | +8.1% |
| 1997 | 476.38 trillion constant LCU | +7.4% |
| 1998 | 467.02 trillion constant LCU | -2.0% |
| 1999 | 513.66 trillion constant LCU | +10.0% |
| 2000 | 554.19 trillion constant LCU | +7.9% |
| 2001 | 585.74 trillion constant LCU | +5.7% |
| 2002 | 635.77 trillion constant LCU | +8.5% |
| 2003 | 651.04 trillion constant LCU | +2.4% |
| 2004 | 672.21 trillion constant LCU | +3.3% |
| 2005 | 703.08 trillion constant LCU | +4.6% |
| 2006 | 737.21 trillion constant LCU | +4.9% |
| 2007 | 780.81 trillion constant LCU | +5.9% |
| 2008 | 810.69 trillion constant LCU | +3.8% |
| 2009 | 824.84 trillion constant LCU | +1.7% |
| 2010 | 866.60 trillion constant LCU | +5.1% |
| 2011 | 899.79 trillion constant LCU | +3.8% |
| 2012 | 930.44 trillion constant LCU | +3.4% |
| 2013 | 963.22 trillion constant LCU | +3.5% |
| 2014 | 992.24 trillion constant LCU | +3.0% |
| 2015 | 1,023.29 trillion constant LCU | +3.1% |
| 2016 | 1,058.13 trillion constant LCU | +3.4% |
| 2017 | 1,088.07 trillion constant LCU | +2.8% |
| 2018 | 1,133.65 trillion constant LCU | +4.2% |
| 2019 | 1,176.69 trillion constant LCU | +3.8% |
| 2020 | 1,171.67 trillion constant LCU | -0.4% |
| 2021 | 1,222.60 trillion constant LCU | +4.3% |
| 2022 | 1,269.07 trillion constant LCU | +3.8% |
| 2023 | 1,303.10 trillion constant LCU | +2.7% |
| 2024 | 1,324.20 trillion constant LCU | +1.6% |
| 2025 | 1,347.27 trillion constant LCU | +1.7% |
South Korea compared with similar countries
- South Korea's 1,347.27 trillion constant LCU is above the median for high income countries, which is 203.18 billion constant LCU, 6631.0× the median. (70 countries reporting)
- South Korea's 1,347.27 trillion constant LCU is above the median for East Asia & Pacific, which is 409.12 billion constant LCU, 3293.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.73 trillion constant LCU | 18.34 trillion constant LCU | 38.05 trillion constant LCU | 10 |
| 1970s | 68.13 trillion constant LCU | 43.37 trillion constant LCU | 98.46 trillion constant LCU | 10 |
| 1980s | 161.17 trillion constant LCU | 104.21 trillion constant LCU | 242.73 trillion constant LCU | 10 |
| 1990s | 390.77 trillion constant LCU | 265.75 trillion constant LCU | 513.66 trillion constant LCU | 10 |
| 2000s | 695.56 trillion constant LCU | 554.19 trillion constant LCU | 824.84 trillion constant LCU | 10 |
| 2010s | 1,013.21 trillion constant LCU | 866.60 trillion constant LCU | 1,176.69 trillion constant LCU | 10 |
| 2020s | 1,272.98 trillion constant LCU | 1,171.67 trillion constant LCU | 1,347.27 trillion constant LCU | 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 1,347.27 trillion constant LCU 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 1,347.27 trillion constant LCU in 2025.
- What is the lowest services, value added recorded in South Korea?
- The lowest recorded value was 18.34 trillion constant LCU in 1960.
- How does South Korea rank for services, value added?
- South Korea ranks 4th out of 199 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 LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.