Services, value added in South Korea
South Korea: Services, value added was 1.12 trillion constant 2015 US$ in 2025. ◆ Volatile
Services, value added in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2025, services, value added in South Korea stood at 1.12 trillion constant 2015 US$. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 31.7% over ten years.
Over the whole period, services, value added in South Korea peaked at 1.12 trillion constant 2015 US$ in 2025 and was at its lowest, 15.20 billion constant 2015 US$, in 1960.
South Korea ranks 11th of 195 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.50 billion constant 2015 US$ | 15.20 billion constant 2015 US$ | 31.55 billion constant 2015 US$ | 10 |
| 1970s | 56.48 billion constant 2015 US$ | 35.95 billion constant 2015 US$ | 81.62 billion constant 2015 US$ | 10 |
| 1980s | 133.61 billion constant 2015 US$ | 86.39 billion constant 2015 US$ | 201.22 billion constant 2015 US$ | 10 |
| 1990s | 323.94 billion constant 2015 US$ | 220.31 billion constant 2015 US$ | 425.81 billion constant 2015 US$ | 10 |
| 2000s | 576.61 billion constant 2015 US$ | 459.41 billion constant 2015 US$ | 683.78 billion constant 2015 US$ | 10 |
| 2010s | 839.93 billion constant 2015 US$ | 718.39 billion constant 2015 US$ | 975.46 billion constant 2015 US$ | 10 |
| 2020s | 1.06 trillion constant 2015 US$ | 971.29 billion constant 2015 US$ | 1.12 trillion constant 2015 US$ | 6 |
Countries ranked near South Korea
- 8 Brazil 1.31 trillion constant 2015 US$ compare
- 9 Canada 1.31 trillion constant 2015 US$ compare
- 10 Australia 1.19 trillion constant 2015 US$ compare
- 12 Spain 1.05 trillion constant 2015 US$ compare
- 13 Russia 951.93 billion constant 2015 US$ compare
- 14 Mexico 852.73 billion constant 2015 US$ compare
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 services, value added in South Korea?
- Services, value added in South Korea was 1.12 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in South Korea?
- The highest recorded value was 1.12 trillion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in South Korea?
- The lowest recorded value was 15.20 billion constant 2015 US$ in 1960.
- How does South Korea rank for services, value added?
- South Korea ranks 11th out of 195 countries with data for 2025.
- Is services, value added rising or falling in South Korea?
- Over the last ten years it is up 31.7%. 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 Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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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 defense, 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 is 2015. This indicator is expressed in United States dollars.