Value Added Deflator (Manufacturing) — Value Standard Local Currency in Republic of Korea
Republic of Korea: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 105.6 SLC in 2023. ▲ Rising
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Republic of Korea, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
The most recent figure for value added deflator (manufacturing) — value standard local currency in Republic of Korea is 105.6 SLC, measured in 2023.
That represents a change of down 1.8% on the previous year and up 7.2% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Republic of Korea peaked at 107.54 SLC in 2022 and was at its lowest, 7.65 SLC, in 1970.
Republic of Korea ranks 172nd of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Republic of Korea, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 7.65 SLC | — |
| 1971 | 7.68 SLC | +0.5% |
| 1972 | 9.32 SLC | +21.3% |
| 1973 | 10.62 SLC | +14.0% |
| 1974 | 12.66 SLC | +19.3% |
| 1975 | 14.47 SLC | +14.2% |
| 1976 | 17.48 SLC | +20.8% |
| 1977 | 18.99 SLC | +8.6% |
| 1978 | 20.57 SLC | +8.3% |
| 1979 | 24.56 SLC | +19.4% |
| 1980 | 31.01 SLC | +26.2% |
| 1981 | 35.24 SLC | +13.7% |
| 1982 | 38.7 SLC | +9.8% |
| 1983 | 41.38 SLC | +6.9% |
| 1984 | 42.68 SLC | +3.1% |
| 1985 | 44.15 SLC | +3.4% |
| 1986 | 46.6 SLC | +5.6% |
| 1987 | 48.12 SLC | +3.3% |
| 1988 | 52.58 SLC | +9.3% |
| 1989 | 55.15 SLC | +4.9% |
| 1990 | 56.54 SLC | +2.5% |
| 1991 | 60.36 SLC | +6.8% |
| 1992 | 63.26 SLC | +4.8% |
| 1993 | 67.69 SLC | +7.0% |
| 1994 | 73.56 SLC | +8.7% |
| 1995 | 77.89 SLC | +5.9% |
| 1996 | 77.04 SLC | -1.1% |
| 1997 | 79.82 SLC | +3.6% |
| 1998 | 87.72 SLC | +9.9% |
| 1999 | 80.85 SLC | -7.8% |
| 2000 | 79.26 SLC | -2.0% |
| 2001 | 78.95 SLC | -0.4% |
| 2002 | 79.06 SLC | +0.1% |
| 2003 | 79.42 SLC | +0.5% |
| 2004 | 84.68 SLC | +6.6% |
| 2005 | 84.07 SLC | -0.7% |
| 2006 | 80.85 SLC | -3.8% |
| 2007 | 81.93 SLC | +1.3% |
| 2008 | 84.59 SLC | +3.2% |
| 2009 | 90.54 SLC | +7.0% |
| 2010 | 93.21 SLC | +2.9% |
| 2011 | 96.07 SLC | +3.1% |
| 2012 | 97.2 SLC | +1.2% |
| 2013 | 98.47 SLC | +1.3% |
| 2014 | 97.35 SLC | -1.1% |
| 2015 | 100 SLC | +2.7% |
| 2016 | 102.02 SLC | +2.0% |
| 2017 | 105.2 SLC | +3.1% |
| 2018 | 104.58 SLC | -0.6% |
| 2019 | 100.49 SLC | -3.9% |
| 2020 | 100.81 SLC | +0.3% |
| 2021 | 104.38 SLC | +3.5% |
| 2022 | 107.54 SLC | +3.0% |
| 2023 | 105.6 SLC | -1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.4 SLC | 7.65 SLC | 24.56 SLC | 10 |
| 1980s | 43.56 SLC | 31.01 SLC | 55.15 SLC | 10 |
| 1990s | 72.47 SLC | 56.54 SLC | 87.72 SLC | 10 |
| 2000s | 82.33 SLC | 78.95 SLC | 90.54 SLC | 10 |
| 2010s | 99.46 SLC | 93.21 SLC | 105.2 SLC | 10 |
| 2020s | 104.58 SLC | 100.81 SLC | 107.54 SLC | 4 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (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 105.6 SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Republic of Korea?
- The highest recorded value was 107.54 SLC in 2022.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Republic of Korea?
- The lowest recorded value was 7.65 SLC in 1970.
- How does Republic of Korea rank for value added deflator (manufacturing) — value standard local currency?
- Republic of Korea ranks 172nd out of 194 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 up 7.2%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).