Services, value added in Republic of Korea
Republic of Korea: Services, value added was 57.2% in 2025. ▲ Rising
Services, value added in Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Republic of Korea recorded 57.2% for services, value added in 2025.
Compared with earlier readings it is down 0.5% on the previous year and up 3.8% over ten years.
Over the whole period, services, value added in Republic of Korea peaked at 58.9% in 2023 and was at its lowest, 30.2%, in 1964.
Republic of Korea ranks 105th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Services, value added in Republic of Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 39.3% | — |
| 1961 | 37.8% | -3.9% |
| 1962 | 38.6% | +2.3% |
| 1963 | 33.6% | -13.1% |
| 1964 | 30.2% | -10.0% |
| 1965 | 34.2% | +13.2% |
| 1966 | 36.5% | +6.9% |
| 1967 | 39.6% | +8.5% |
| 1968 | 39.7% | +0.1% |
| 1969 | 39.8% | +0.2% |
| 1970 | 40.4% | +1.7% |
| 1971 | 41.7% | +3.1% |
| 1972 | 42.0% | +0.7% |
| 1973 | 41.2% | -2.0% |
| 1974 | 41.8% | +1.4% |
| 1975 | 40.5% | -3.1% |
| 1976 | 40.0% | -1.0% |
| 1977 | 40.2% | +0.4% |
| 1978 | 39.9% | -0.7% |
| 1979 | 40.1% | +0.4% |
| 1980 | 43.7% | +9.0% |
| 1981 | 43.9% | +0.5% |
| 1982 | 44.5% | +1.4% |
| 1983 | 43.9% | -1.4% |
| 1984 | 43.9% | -0.0% |
| 1985 | 45.0% | +2.5% |
| 1986 | 45.6% | +1.3% |
| 1987 | 45.9% | +0.6% |
| 1988 | 45.6% | -0.7% |
| 1989 | 47.0% | +3.3% |
| 1990 | 47.2% | +0.4% |
| 1991 | 47.8% | +1.2% |
| 1992 | 49.1% | +2.7% |
| 1993 | 49.7% | +1.3% |
| 1994 | 49.7% | -0.1% |
| 1995 | 49.7% | +0.1% |
| 1996 | 50.7% | +2.1% |
| 1997 | 51.3% | +1.1% |
| 1998 | 52.9% | +3.1% |
| 1999 | 52.5% | -0.6% |
| 2000 | 52.5% | -0.2% |
| 2001 | 53.7% | +2.4% |
| 2002 | 54.2% | +0.9% |
| 2003 | 54.5% | +0.4% |
| 2004 | 53.7% | -1.4% |
| 2005 | 54.4% | +1.4% |
| 2006 | 55.2% | +1.4% |
| 2007 | 55.5% | +0.6% |
| 2008 | 56.6% | +2.0% |
| 2009 | 56.3% | -0.5% |
| 2010 | 54.9% | -2.5% |
| 2011 | 54.7% | -0.3% |
| 2012 | 55.0% | +0.5% |
| 2013 | 54.9% | -0.1% |
| 2014 | 55.2% | +0.5% |
| 2015 | 55.1% | -0.2% |
| 2016 | 55.0% | -0.2% |
| 2017 | 54.6% | -0.7% |
| 2018 | 55.4% | +1.5% |
| 2019 | 56.9% | +2.8% |
| 2020 | 56.9% | -0.0% |
| 2021 | 56.9% | -0.0% |
| 2022 | 58.1% | +2.1% |
| 2023 | 58.9% | +1.4% |
| 2024 | 57.5% | -2.4% |
| 2025 | 57.2% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 36.9% | 30.2% | 39.8% | 10 |
| 1970s | 40.8% | 39.9% | 42.0% | 10 |
| 1980s | 44.9% | 43.7% | 47.0% | 10 |
| 1990s | 50.1% | 47.2% | 52.9% | 10 |
| 2000s | 54.6% | 52.5% | 56.6% | 10 |
| 2010s | 55.2% | 54.6% | 56.9% | 10 |
| 2020s | 57.6% | 56.9% | 58.9% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross domestic savings (current US$), annual growth rate 0.7232 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3433 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 12,437 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.09 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 488.33 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 17.69 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 2.94 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 37,884 current US$ per person (2025)
- GNI (current US$), annual growth rate 0.1093 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Republic of Korea?
- Services, value added in Republic of Korea was 57.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Republic of Korea?
- The highest recorded value was 58.9% in 2023.
- What is the lowest services, value added recorded in Republic of Korea?
- The lowest recorded value was 30.2% in 1964.
- How does Republic of Korea rank for services, value added?
- Republic of Korea ranks 105th out of 204 countries with data for 2025.
- Is services, value added rising or falling in Republic of Korea?
- Over the last ten years it is up 3.8%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.