South Korea vs Vietnam: Services, value added
Services, value added over time
- South Korea
- Vietnam
How they compare
Vietnam currently reports 3,010.14 trillion constant LCU against 1,347.27 trillion constant LCU in South Korea, a difference of 1,662.87 trillion constant LCU.
That makes Vietnam's figure about 2.2 times South Korea's.
Across all 41 years both countries report, Vietnam has been ahead every year.
Globally, South Korea ranks 4th and Vietnam ranks 3rd of 198 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 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.