Japan vs South Korea: Gross value added at basic prices (GVA)

Japan

587.58 trillion constant LCU

in 2024

South Korea

2,149.32 trillion constant LCU

in 2025

Japan rank

6th

South Korea rank

4th

Gross value added at basic prices (GVA) over time

Japan
South Korea

How they compare

South Korea currently reports 2,149.32 trillion constant LCU against 587.58 trillion constant LCU in Japan, a difference of 1,561.74 trillion constant LCU.

That makes South Korea's figure about 3.7 times Japan's.

The two have swapped places 1 time across 55 shared years of data; in 1970 it was Japan ahead.

Globally, Japan ranks 6th and South Korea ranks 4th of 197 countries.

Individual pages

About this data

Indicator: Gross value added at basic prices (GVA) (constant LCU)
Unit: constant LCU
Source: Country official statistics, National Statistical Offices (NSOs)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 197 places, 8,338 data points, 1960–2025
Last refreshed: 06 August 2026

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.