Value Added (Total Manufacturing) — Annual growth US$ in Republic of Korea
Republic of Korea: Value Added (Total Manufacturing) — Annual growth US$ was -1.23 % in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Annual growth US$ in Republic of Korea, 1971–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2023, value added (total manufacturing) — annual growth us$ in Republic of Korea stood at -1.23 %.
The figure is up 81.0% on the previous year and down 115.6% over ten years.
Over the whole period, value added (total manufacturing) — annual growth us$ in Republic of Korea peaked at 46.69 % in 1973 and was at its lowest, -31.05 %, in 1998.
Republic of Korea ranks 151st of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Annual growth US$ in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 5.45 % | — |
| 1972 | 23.3 % | +327.4% |
| 1973 | 46.69 % | +100.4% |
| 1974 | 36.9 % | -21.0% |
| 1975 | 7.72 % | -79.1% |
| 1976 | 46.34 % | +500.7% |
| 1977 | 26.49 % | -42.8% |
| 1978 | 35.85 % | +35.3% |
| 1979 | 31.99 % | -10.8% |
| 1980 | -0.667 % | -102.1% |
| 1981 | 11.03 % | -1753.3% |
| 1982 | 7.79 % | -29.4% |
| 1983 | 18.1 % | +132.5% |
| 1984 | 19.24 % | +6.3% |
| 1985 | 2.84 % | -85.3% |
| 1986 | 21.41 % | +655.1% |
| 1987 | 33.14 % | +54.7% |
| 1988 | 39.6 % | +19.5% |
| 1989 | 19.38 % | -51.1% |
| 1990 | 8.4 % | -56.7% |
| 1991 | 17.91 % | +113.2% |
| 1992 | 4.64 % | -74.1% |
| 1993 | 11.62 % | +150.2% |
| 1994 | 21.42 % | +84.4% |
| 1995 | 25.14 % | +17.4% |
| 1996 | 3.2 % | -87.3% |
| 1997 | -6.84 % | -313.8% |
| 1998 | -31.05 % | +353.9% |
| 1999 | 29.99 % | -196.6% |
| 2000 | 19.58 % | -34.7% |
| 2001 | -10.23 % | -152.3% |
| 2002 | 12.82 % | -225.3% |
| 2003 | 10.56 % | -17.6% |
| 2004 | 22.08 % | +109.1% |
| 2005 | 16.67 % | -24.5% |
| 2006 | 11.07 % | -33.6% |
| 2007 | 12.41 % | +12.1% |
| 2008 | -9.89 % | -179.7% |
| 2009 | -9.35 % | -5.5% |
| 2010 | 29.65 % | -417.3% |
| 2011 | 13.1 % | -55.8% |
| 2012 | 1.25 % | -90.5% |
| 2013 | 7.9 % | +534.5% |
| 2014 | 6.26 % | -20.8% |
| 2015 | -2.68 % | -142.9% |
| 2016 | 1.46 % | -154.3% |
| 2017 | 10.34 % | +610.0% |
| 2018 | 5.66 % | -45.3% |
| 2019 | -8.84 % | -256.2% |
| 2020 | -2.93 % | -66.9% |
| 2021 | 13.74 % | -569.2% |
| 2022 | -6.48 % | -147.1% |
| 2023 | -1.23 % | -81.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.97 % | 5.45 % | 46.69 % | 9 |
| 1980s | 17.19 % | -0.667 % | 39.6 % | 10 |
| 1990s | 8.44 % | -31.05 % | 29.99 % | 10 |
| 2000s | 7.57 % | -10.23 % | 22.08 % | 10 |
| 2010s | 6.41 % | -8.84 % | 29.65 % | 10 |
| 2020s | 0.7759 % | -6.48 % | 13.74 % | 4 |
Countries ranked near Republic of Korea
- 148 Namibia -0.6128 % compare
- 149 El Salvador -0.9563 % compare
- 150 Canada -1.11 % compare
- 152 Saudi Arabia -1.35 % compare
- 153 Sierra Leone -1.39 % compare
- 154 Dominican Republic -1.43 % compare
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$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is value added (total manufacturing) — annual growth us$ in Republic of Korea?
- Value added (total manufacturing) — annual growth us$ in Republic of Korea was -1.23 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — annual growth us$ recorded in Republic of Korea?
- The highest recorded value was 46.69 % in 1973.
- What is the lowest value added (total manufacturing) — annual growth us$ recorded in Republic of Korea?
- The lowest recorded value was -31.05 % in 1998.
- How does Republic of Korea rank for value added (total manufacturing) — annual growth us$?
- Republic of Korea ranks 151st out of 203 countries with data for 2023.
- Is value added (total manufacturing) — annual growth us$ rising or falling in Republic of Korea?
- Over the last ten years it is down 115.6%. The long-run trend across the full record is volatile.
- 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 (Total Manufacturing) — Annual growth US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).