Services, value added in South Korea
South Korea: Services, value added was 1.07 trillion current US$ in 2025. ◆ Volatile
Services, value added in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in South Korea is 1.07 trillion current US$, measured in 2025.
Compared with earlier readings it is down 0.6% on the previous year and up 26.3% over ten years.
Over the whole period, services, value added in South Korea peaked at 1.11 trillion current US$ in 2021 and was at its lowest, 916.73 million current US$, in 1961.
South Korea ranks 15th of 206 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 1.56 billion current US$ | — |
| 1961 | 916.73 million current US$ | -41.3% |
| 1962 | 1.09 billion current US$ | +19.2% |
| 1963 | 1.35 billion current US$ | +23.2% |
| 1964 | 1.05 billion current US$ | -21.9% |
| 1965 | 1.07 billion current US$ | +2.3% |
| 1966 | 1.45 billion current US$ | +34.6% |
| 1967 | 1.94 billion current US$ | +34.2% |
| 1968 | 2.45 billion current US$ | +26.1% |
| 1969 | 3.08 billion current US$ | +25.8% |
| 1970 | 3.67 billion current US$ | +19.3% |
| 1971 | 4.17 billion current US$ | +13.6% |
| 1972 | 4.62 billion current US$ | +10.6% |
| 1973 | 5.79 billion current US$ | +25.5% |
| 1974 | 8.29 billion current US$ | +43.2% |
| 1975 | 8.95 billion current US$ | +8.0% |
| 1976 | 12.16 billion current US$ | +35.8% |
| 1977 | 15.71 billion current US$ | +29.1% |
| 1978 | 21.09 billion current US$ | +34.3% |
| 1979 | 27.30 billion current US$ | +29.4% |
| 1980 | 29.08 billion current US$ | +6.5% |
| 1981 | 32.61 billion current US$ | +12.2% |
| 1982 | 35.57 billion current US$ | +9.1% |
| 1983 | 39.34 billion current US$ | +10.6% |
| 1984 | 43.78 billion current US$ | +11.3% |
| 1985 | 46.70 billion current US$ | +6.7% |
| 1986 | 54.71 billion current US$ | +17.2% |
| 1987 | 69.82 billion current US$ | +27.6% |
| 1988 | 93.62 billion current US$ | +34.1% |
| 1989 | 119.62 billion current US$ | +27.8% |
| 1990 | 137.91 billion current US$ | +15.3% |
| 1991 | 162.94 billion current US$ | +18.1% |
| 1992 | 180.22 billion current US$ | +10.6% |
| 1993 | 201.76 billion current US$ | +12.0% |
| 1994 | 238.06 billion current US$ | +18.0% |
| 1995 | 291.44 billion current US$ | +22.4% |
| 1996 | 320.30 billion current US$ | +9.9% |
| 1997 | 302.13 billion current US$ | -5.7% |
| 1998 | 210.06 billion current US$ | -30.5% |
| 1999 | 270.92 billion current US$ | +29.0% |
| 2000 | 313.39 billion current US$ | +15.7% |
| 2001 | 304.89 billion current US$ | -2.7% |
| 2002 | 352.45 billion current US$ | +15.6% |
| 2003 | 396.77 billion current US$ | +12.6% |
| 2004 | 441.98 billion current US$ | +11.4% |
| 2005 | 528.78 billion current US$ | +19.6% |
| 2006 | 604.02 billion current US$ | +14.2% |
| 2007 | 677.69 billion current US$ | +12.2% |
| 2008 | 617.72 billion current US$ | -8.8% |
| 2009 | 553.34 billion current US$ | -10.4% |
| 2010 | 654.61 billion current US$ | +18.3% |
| 2011 | 714.87 billion current US$ | +9.2% |
| 2012 | 734.18 billion current US$ | +2.7% |
| 2013 | 788.13 billion current US$ | +7.3% |
| 2014 | 858.98 billion current US$ | +9.0% |
| 2015 | 848.28 billion current US$ | -1.2% |
| 2016 | 868.16 billion current US$ | +2.3% |
| 2017 | 933.18 billion current US$ | +7.5% |
| 2018 | 1.01 trillion current US$ | +8.3% |
| 2019 | 996.99 billion current US$ | -1.3% |
| 2020 | 992.71 billion current US$ | -0.4% |
| 2021 | 1.11 trillion current US$ | +11.3% |
| 2022 | 1.04 trillion current US$ | -5.5% |
| 2023 | 1.09 trillion current US$ | +4.0% |
| 2024 | 1.08 trillion current US$ | -0.7% |
| 2025 | 1.07 trillion current US$ | -0.6% |
South Korea compared with similar countries
- South Korea's 1.07 trillion current US$ is above the median for high income countries, which is 71.23 billion current US$, 15.0× the median. (77 countries reporting)
- South Korea's 1.07 trillion current US$ is above the median for East Asia & Pacific, which is 12.93 billion current US$, 82.9× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.60 billion current US$ | 916.73 million current US$ | 3.08 billion current US$ | 10 |
| 1970s | 11.18 billion current US$ | 3.67 billion current US$ | 27.30 billion current US$ | 10 |
| 1980s | 56.48 billion current US$ | 29.08 billion current US$ | 119.62 billion current US$ | 10 |
| 1990s | 231.57 billion current US$ | 137.91 billion current US$ | 320.30 billion current US$ | 10 |
| 2000s | 479.10 billion current US$ | 304.89 billion current US$ | 677.69 billion current US$ | 10 |
| 2010s | 840.78 billion current US$ | 654.61 billion current US$ | 1.01 trillion current US$ | 10 |
| 2020s | 1.06 trillion current US$ | 992.71 billion current US$ | 1.11 trillion current US$ | 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 1.07 trillion current 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 1.11 trillion current US$ in 2021.
- What is the lowest services, value added recorded in South Korea?
- The lowest recorded value was 916.73 million current US$ in 1961.
- How does South Korea rank for services, value added?
- South Korea ranks 15th out of 206 countries with data for 2025.
- Is services, value added rising or falling in South Korea?
- Over the last ten years it is up 26.3%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.