Value Added (Total Manufacturing) — Value US$, 2015 prices in Republic of Korea
Republic of Korea: Value Added (Total Manufacturing) — Value US$, 2015 prices was 514,862 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$, 2015 prices in Republic of Korea, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Republic of Korea recorded 514,862 million USD for value added (total manufacturing) — value us$, 2015 prices in 2023. That is the highest value across all 54 years on record.
The figure is up 1.7% on the previous year and up 26.4% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Republic of Korea peaked at 514,862 million USD in 2023 and was at its lowest, 5,641 million USD, in 1970.
That places Republic of Korea 4th out of 203 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value US$, 2015 prices in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 5,641 million USD | — |
| 1971 | 6,618 million USD | +17.3% |
| 1972 | 7,616 million USD | +15.1% |
| 1973 | 9,938 million USD | +30.5% |
| 1974 | 11,583 million USD | +16.5% |
| 1975 | 13,068 million USD | +12.8% |
| 1976 | 15,826 million USD | +21.1% |
| 1977 | 18,430 million USD | +16.5% |
| 1978 | 23,114 million USD | +25.4% |
| 1979 | 25,549 million USD | +10.5% |
| 1980 | 25,242 million USD | -1.2% |
| 1981 | 27,633 million USD | +9.5% |
| 1982 | 29,120 million USD | +5.4% |
| 1983 | 34,120 million USD | +17.2% |
| 1984 | 40,983 million USD | +20.1% |
| 1985 | 43,982 million USD | +7.3% |
| 1986 | 51,252 million USD | +16.5% |
| 1987 | 61,668 million USD | +20.3% |
| 1988 | 70,070 million USD | +13.6% |
| 1989 | 73,209 million USD | +4.5% |
| 1990 | 81,592 million USD | +11.5% |
| 1991 | 93,362 million USD | +14.4% |
| 1992 | 99,247 million USD | +6.3% |
| 1993 | 106,432 million USD | +7.2% |
| 1994 | 119,102 million USD | +11.9% |
| 1995 | 135,058 million USD | +13.4% |
| 1996 | 146,992 million USD | +8.8% |
| 1997 | 156,061 million USD | +6.2% |
| 1998 | 144,638 million USD | -7.3% |
| 1999 | 172,923 million USD | +19.6% |
| 2000 | 200,446 million USD | +15.9% |
| 2001 | 206,294 million USD | +2.9% |
| 2002 | 225,360 million USD | +9.2% |
| 2003 | 236,136 million USD | +4.8% |
| 2004 | 260,075 million USD | +10.1% |
| 2005 | 273,101 million USD | +5.0% |
| 2006 | 294,171 million USD | +7.7% |
| 2007 | 317,404 million USD | +7.9% |
| 2008 | 327,929 million USD | +3.3% |
| 2009 | 322,467 million USD | -1.7% |
| 2010 | 367,699 million USD | +14.0% |
| 2011 | 386,639 million USD | +5.2% |
| 2012 | 393,404 million USD | +1.7% |
| 2013 | 407,181 million USD | +3.5% |
| 2014 | 420,802 million USD | +3.3% |
| 2015 | 428,233 million USD | +1.8% |
| 2016 | 437,116 million USD | +2.1% |
| 2017 | 455,715 million USD | +4.3% |
| 2018 | 471,158 million USD | +3.4% |
| 2019 | 473,493 million USD | +0.5% |
| 2020 | 464,010 million USD | -2.0% |
| 2021 | 494,063 million USD | +6.5% |
| 2022 | 506,283 million USD | +2.5% |
| 2023 | 514,862 million USD | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13,738 million USD | 5,641 million USD | 25,549 million USD | 10 |
| 1980s | 45,728 million USD | 25,242 million USD | 73,209 million USD | 10 |
| 1990s | 125,541 million USD | 81,592 million USD | 172,923 million USD | 10 |
| 2000s | 266,338 million USD | 200,446 million USD | 327,929 million USD | 10 |
| 2010s | 424,144 million USD | 367,699 million USD | 473,493 million USD | 10 |
| 2020s | 494,804 million USD | 464,010 million USD | 514,862 million USD | 4 |
Countries ranked near Republic of Korea
- 1 China, mainland 4.82 million million USD compare
- 2 Japan 995,262 million USD compare
- 2 Türkiye 212,578 million USD compare
- 3 Germany 752,844 million USD compare
- 5 India 483,530 million USD compare
- 5 Viet Nam 94,697 million USD compare
- 6 Italy 286,013 million USD compare
- 7 United Kingdom of Great Britain and Northern Ireland 282,652 million USD 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$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Republic of Korea?
- Value added (total manufacturing) — value us$, 2015 prices in Republic of Korea was 514,862 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 514,862 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 5,641 million USD in 1970.
- How does Republic of Korea rank for value added (total manufacturing) — value us$, 2015 prices?
- Republic of Korea ranks 4th out of 203 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is up 26.4%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$, 2015 prices. 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).