Value Added Deflator (Manufacturing) — Value Standard Local Currency in Republic of Korea
Republic of Korea: Value Added Deflator (Manufacturing) — Value Standard Local Currency was -1.81 % change on previous year in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Republic of Korea, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, value added deflator (manufacturing) — value standard local currency in Republic of Korea stood at -1.81 % change on previous year.
That represents a change of down 159.6% on the previous year and down 238.0% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Republic of Korea peaked at 26.24 % change on previous year in 1980 and was at its lowest, -7.84 % change on previous year, in 1999.
Republic of Korea ranks 169th of 209 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 0.4824 % change on previous year | — |
| 1972 | 21.27 % change on previous year | +4308.7% |
| 1973 | 13.96 % change on previous year | -34.3% |
| 1974 | 19.27 % change on previous year | +38.0% |
| 1975 | 14.25 % change on previous year | -26.1% |
| 1976 | 20.84 % change on previous year | +46.2% |
| 1977 | 8.62 % change on previous year | -58.6% |
| 1978 | 8.32 % change on previous year | -3.5% |
| 1979 | 19.41 % change on previous year | +133.3% |
| 1980 | 26.24 % change on previous year | +35.2% |
| 1981 | 13.65 % change on previous year | -48.0% |
| 1982 | 9.81 % change on previous year | -28.1% |
| 1983 | 6.94 % change on previous year | -29.3% |
| 1984 | 3.14 % change on previous year | -54.7% |
| 1985 | 3.44 % change on previous year | +9.4% |
| 1986 | 5.56 % change on previous year | +61.8% |
| 1987 | 3.26 % change on previous year | -41.5% |
| 1988 | 9.26 % change on previous year | +184.3% |
| 1989 | 4.89 % change on previous year | -47.2% |
| 1990 | 2.52 % change on previous year | -48.4% |
| 1991 | 6.77 % change on previous year | +168.3% |
| 1992 | 4.79 % change on previous year | -29.1% |
| 1993 | 7 % change on previous year | +46.0% |
| 1994 | 8.67 % change on previous year | +23.9% |
| 1995 | 5.89 % change on previous year | -32.0% |
| 1996 | -1.1 % change on previous year | -118.6% |
| 1997 | 3.61 % change on previous year | -428.9% |
| 1998 | 9.91 % change on previous year | +174.4% |
| 1999 | -7.84 % change on previous year | -179.1% |
| 2000 | -1.96 % change on previous year | -75.0% |
| 2001 | -0.3987 % change on previous year | -79.7% |
| 2002 | 0.1383 % change on previous year | -134.7% |
| 2003 | 0.4582 % change on previous year | +231.2% |
| 2004 | 6.62 % change on previous year | +1344.9% |
| 2005 | -0.716 % change on previous year | -110.8% |
| 2006 | -3.83 % change on previous year | +435.5% |
| 2007 | 1.35 % change on previous year | -135.1% |
| 2008 | 3.24 % change on previous year | +140.7% |
| 2009 | 7.03 % change on previous year | +116.9% |
| 2010 | 2.95 % change on previous year | -58.1% |
| 2011 | 3.07 % change on previous year | +4.2% |
| 2012 | 1.17 % change on previous year | -61.8% |
| 2013 | 1.31 % change on previous year | +11.6% |
| 2014 | -1.14 % change on previous year | -186.9% |
| 2015 | 2.72 % change on previous year | -339.3% |
| 2016 | 2.02 % change on previous year | -26.0% |
| 2017 | 3.13 % change on previous year | +55.1% |
| 2018 | -0.5884 % change on previous year | -118.8% |
| 2019 | -3.92 % change on previous year | +565.8% |
| 2020 | 0.3224 % change on previous year | -108.2% |
| 2021 | 3.54 % change on previous year | +996.5% |
| 2022 | 3.03 % change on previous year | -14.3% |
| 2023 | -1.81 % change on previous year | -159.6% |
Biggest year-on-year movements
Years where Value Added Deflator (Manufacturing) — Value Standard Local Currency in Republic of Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1972 | +4308.7% | 0.4824 % change on previous year | 21.27 % change on previous year |
| 2004 | +1344.9% | 0.4582 % change on previous year | 6.62 % change on previous year |
| 2021 | +996.5% | 0.3224 % change on previous year | 3.54 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.05 % change on previous year | 0.4824 % change on previous year | 21.27 % change on previous year | 9 |
| 1980s | 8.62 % change on previous year | 3.14 % change on previous year | 26.24 % change on previous year | 10 |
| 1990s | 4.02 % change on previous year | -7.84 % change on previous year | 9.91 % change on previous year | 10 |
| 2000s | 1.19 % change on previous year | -3.83 % change on previous year | 7.03 % change on previous year | 10 |
| 2010s | 1.07 % change on previous year | -3.92 % change on previous year | 3.13 % change on previous year | 10 |
| 2020s | 1.27 % change on previous year | -1.81 % change on previous year | 3.54 % change on previous year | 4 |
Countries ranked near Republic of Korea
- 166 Israel -1.48 % change on previous year compare
- 167 Djibouti -1.64 % change on previous year compare
- 168 India -1.69 % change on previous year compare
- 170 Thailand -1.86 % change on previous year compare
- 171 Belarus -2.01 % change on previous year compare
- 172 Palestine -2.07 % change on previous year compare
More economy & growth data for Republic of Korea
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 4.05 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -0.4224 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.98 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -2.41 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 6.16 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 1.59 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 2.03 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.03 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.06 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 1.5 % change on previous year (2024)
Frequently asked questions
- What is value added deflator (manufacturing) — value standard local currency in Republic of Korea?
- Value added deflator (manufacturing) — value standard local currency in Republic of Korea was -1.81 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Republic of Korea?
- The highest recorded value was 26.24 % change on previous year in 1980.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Republic of Korea?
- The lowest recorded value was -7.84 % change on previous year in 1999.
- How does Republic of Korea rank for value added deflator (manufacturing) — value standard local currency?
- Republic of Korea ranks 169th out of 209 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in Republic of Korea?
- Over the last ten years it is down 238.0%. 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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added Deflator (Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.