Korea - Trade in services (% of GDP)

Trade in services (% of GDP) in Korea was 11.84 as of 2020. Its highest value over the past 44 years was 17.99 in 2008, while its lowest value was 7.08 in 1991.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1976 9.09
1977 12.51
1978 13.96
1979 11.79
1980 13.40
1981 14.06
1982 14.25
1983 12.37
1984 11.27
1985 9.44
1986 8.98
1987 9.02
1988 7.78
1989 7.44
1990 7.44
1991 7.08
1992 7.14
1993 7.43
1994 7.91
1995 8.87
1996 8.94
1997 10.14
1998 13.56
1999 11.14
2000 11.45
2001 11.65
2002 10.82
2003 10.87
2004 12.06
2005 11.77
2006 12.06
2007 13.29
2008 17.99
2009 16.36
2010 15.72
2011 15.41
2012 16.53
2013 15.54
2014 15.30
2015 14.30
2016 13.80
2017 13.31
2018 13.72
2019 14.20
2020 11.84

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments