Korea - Gross value added at factor cost (constant LCU)
The value for Gross value added at factor cost (constant LCU) in Korea was 1,686,900,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,702,670,000,000,000 in 2019 and a minimum value of 27,946,300,000,000 in 1960.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 27,946,300,000,000 |
| 1961 | 30,029,800,000,000 |
| 1962 | 31,098,000,000,000 |
| 1963 | 33,884,500,000,000 |
| 1964 | 37,167,700,000,000 |
| 1965 | 39,779,000,000,000 |
| 1966 | 44,503,500,000,000 |
| 1967 | 48,306,500,000,000 |
| 1968 | 54,379,700,000,000 |
| 1969 | 62,177,400,000,000 |
| 1970 | 68,044,600,000,000 |
| 1971 | 75,115,900,000,000 |
| 1972 | 80,645,000,000,000 |
| 1973 | 92,250,300,000,000 |
| 1974 | 100,746,000,000,000 |
| 1975 | 108,991,000,000,000 |
| 1976 | 122,073,000,000,000 |
| 1977 | 135,174,000,000,000 |
| 1978 | 148,818,000,000,000 |
| 1979 | 162,033,000,000,000 |
| 1980 | 160,052,000,000,000 |
| 1981 | 172,059,000,000,000 |
| 1982 | 186,111,000,000,000 |
| 1983 | 209,871,000,000,000 |
| 1984 | 231,729,000,000,000 |
| 1985 | 250,200,000,000,000 |
| 1986 | 278,502,000,000,000 |
| 1987 | 312,488,000,000,000 |
| 1988 | 349,965,000,000,000 |
| 1989 | 374,453,000,000,000 |
| 1990 | 410,297,000,000,000 |
| 1991 | 455,316,000,000,000 |
| 1992 | 484,856,000,000,000 |
| 1993 | 519,602,000,000,000 |
| 1994 | 566,543,000,000,000 |
| 1995 | 620,865,000,000,000 |
| 1996 | 669,503,000,000,000 |
| 1997 | 711,354,000,000,000 |
| 1998 | 677,790,000,000,000 |
| 1999 | 752,357,000,000,000 |
| 2000 | 819,508,000,000,000 |
| 2001 | 858,697,000,000,000 |
| 2002 | 927,265,000,000,000 |
| 2003 | 957,728,000,000,000 |
| 2004 | 1,008,290,000,000,000 |
| 2005 | 1,051,710,000,000,000 |
| 2006 | 1,107,880,000,000,000 |
| 2007 | 1,176,060,000,000,000 |
| 2008 | 1,215,780,000,000,000 |
| 2009 | 1,226,050,000,000,000 |
| 2010 | 1,308,670,000,000,000 |
| 2011 | 1,356,280,000,000,000 |
| 2012 | 1,389,380,000,000,000 |
| 2013 | 1,436,070,000,000,000 |
| 2014 | 1,480,550,000,000,000 |
| 2015 | 1,520,910,000,000,000 |
| 2016 | 1,563,770,000,000,000 |
| 2017 | 1,613,710,000,000,000 |
| 2018 | 1,663,060,000,000,000 |
| 2019 | 1,702,670,000,000,000 |
| 2020 | 1,686,900,000,000,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
