Gross value added at basic prices (GVA) in South Korea
South Korea: Gross value added at basic prices (GVA) was 1.74 trillion current US$ in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
South Korea recorded 1.74 trillion current US$ for gross value added at basic prices (gva) in 2025.
The figure is up 22.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in South Korea peaked at 1.78 trillion current US$ in 2021 and was at its lowest, 2.28 billion current US$, in 1961.
That places South Korea 11th out of 206 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.97 billion current US$ | 2.28 billion current US$ | 7.08 billion current US$ | 10 |
| 1970s | 24.96 billion current US$ | 8.29 billion current US$ | 60.92 billion current US$ | 10 |
| 1980s | 112.52 billion current US$ | 59.48 billion current US$ | 232.07 billion current US$ | 10 |
| 1990s | 420.07 billion current US$ | 264.90 billion current US$ | 574.37 billion current US$ | 10 |
| 2000s | 793.63 billion current US$ | 512.09 billion current US$ | 1.11 trillion current US$ | 10 |
| 2010s | 1.40 trillion current US$ | 1.09 trillion current US$ | 1.68 trillion current US$ | 10 |
| 2020s | 1.71 trillion current US$ | 1.60 trillion current US$ | 1.78 trillion current US$ | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
- Taxes less subsidies on products 130.66 billion current US$ (2025)
- Net primary income (Net income from abroad) 45.76 trillion current LCU (2025)
- Net primary income (Net income from abroad) 32.17 billion current US$ (2025)
- GNI per capita 52.42 million current LCU (2025)
- GNI per capita, Atlas method 37,880 current US$ (2025)
- GNI 2,709.10 trillion current LCU (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in South Korea?
- Gross value added at basic prices (gva) in South Korea was 1.74 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in South Korea?
- The highest recorded value was 1.78 trillion current US$ in 2021.
- What is the lowest gross value added at basic prices (gva) recorded in South Korea?
- The lowest recorded value was 2.28 billion current US$ in 1961.
- How does South Korea rank for gross value added at basic prices (gva)?
- South Korea ranks 11th out of 206 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in South Korea?
- Over the last ten years it is up 22.8%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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About this data
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.