South Korea vs Latvia: Services, value added
Services, value added over time
- South Korea
- Latvia
How they compare
South Korea currently reports 1.7% against 1.6% in Latvia, a difference of 0.1%.
That makes South Korea's figure about 1.1 times Latvia's.
The two have swapped places 12 times across 30 shared years of data; in 1996 it was South Korea ahead.
Globally, South Korea ranks 150th and Latvia ranks 153rd of 197 countries.
Individual pages
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.