South Korea vs United Kingdom: Manufacturing, value added
Manufacturing, value added over time
- South Korea
- United Kingdom
How they compare
South Korea currently reports 546.69 billion constant 2015 US$ against 305.69 billion constant 2015 US$ in United Kingdom, a difference of 241.01 billion constant 2015 US$.
That makes South Korea's figure about 1.8 times United Kingdom's.
The two have swapped places 1 time across 36 shared years of data; in 1990 it was United Kingdom ahead.
Globally, South Korea ranks 4th and United Kingdom ranks 5th of 185 countries.
Individual pages
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 is 2015. This indicator is expressed in United States dollars.