Korea - Industry
Industry, value added per worker (constant 2010 US$)
Definition: Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Industry corresponds to the International Standard Industrial Classification (ISIC) tabulation categories C-F (revision 3) or tabulation categories B-F (revision 4), and includes mining and quarrying (including oil production), manufacturing, construction, and public utilities (electricity, gas, and water).
Source: Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.
See also:
| Year | Value |
|---|---|
| 2015 | 74,124 |
Industry, value added (current US$)
The latest value for Industry, value added (current US$) in Korea was $533,670,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $587,238,000,000 in 2018 and $432,402,300 in 1961.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $685,942,800 |
| 1961 | $432,402,300 |
| 1962 | $503,309,600 |
| 1963 | $720,848,900 |
| 1964 | $669,033,200 |
| 1965 | $726,576,600 |
| 1966 | $905,985,100 |
| 1967 | $1,133,594,000 |
| 1968 | $1,472,980,000 |
| 1969 | $1,888,604,000 |
| 1970 | $2,233,063,000 |
| 1971 | $2,310,529,000 |
| 1972 | $2,702,283,000 |
| 1973 | $3,833,350,000 |
| 1974 | $5,200,880,000 |
| 1975 | $5,813,223,000 |
| 1976 | $8,265,289,000 |
| 1977 | $10,943,390,000 |
| 1978 | $15,701,450,000 |
| 1979 | $21,127,480,000 |
| 1980 | $20,980,030,000 |
| 1981 | $22,808,100,000 |
| 1982 | $24,826,010,000 |
| 1983 | $28,943,090,000 |
| 1984 | $33,653,570,000 |
| 1985 | $34,385,870,000 |
| 1986 | $40,746,610,000 |
| 1987 | $53,184,050,000 |
| 1988 | $73,030,750,000 |
| 1989 | $89,322,520,000 |
| 1990 | $102,924,000,000 |
| 1991 | $122,828,000,000 |
| 1992 | $127,567,000,000 |
| 1993 | $142,200,000,000 |
| 1994 | $168,028,000,000 |
| 1995 | $206,753,000,000 |
| 1996 | $216,293,000,000 |
| 1997 | $201,673,000,000 |
| 1998 | $135,348,000,000 |
| 1999 | $172,467,000,000 |
| 2000 | $200,253,000,000 |
| 2001 | $181,937,000,000 |
| 2002 | $205,817,000,000 |
| 2003 | $232,679,000,000 |
| 2004 | $275,508,000,000 |
| 2005 | $319,272,000,000 |
| 2006 | $353,010,000,000 |
| 2007 | $392,283,000,000 |
| 2008 | $340,492,000,000 |
| 2009 | $310,607,000,000 |
| 2010 | $390,319,000,000 |
| 2011 | $431,747,000,000 |
| 2012 | $436,387,000,000 |
| 2013 | $472,209,000,000 |
| 2014 | $506,029,000,000 |
| 2015 | $500,561,000,000 |
| 2016 | $514,505,000,000 |
| 2017 | $564,571,000,000 |
| 2018 | $587,238,000,000 |
| 2019 | $539,671,000,000 |
| 2020 | $533,670,000,000 |
Industry, value added (current LCU)
The value for Industry, value added (current LCU) in Korea was 629,872,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 646,255,000,000,000 in 2018 and a minimum value of 43,300,000,000 in 1960.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 43,300,000,000 |
| 1961 | 53,960,000,000 |
| 1962 | 65,430,000,000 |
| 1963 | 93,710,000,000 |
| 1964 | 143,070,000,000 |
| 1965 | 193,560,000,000 |
| 1966 | 245,830,000,000 |
| 1967 | 306,660,000,000 |
| 1968 | 407,500,000,000 |
| 1969 | 544,220,000,000 |
| 1970 | 693,500,000,000 |
| 1971 | 802,100,000,000 |
| 1972 | 1,061,700,000,000 |
| 1973 | 1,526,900,000,000 |
| 1974 | 2,103,600,000,000 |
| 1975 | 2,813,600,000,000 |
| 1976 | 4,000,400,000,000 |
| 1977 | 5,296,600,000,000 |
| 1978 | 7,599,500,000,000 |
| 1979 | 10,225,700,000,000 |
| 1980 | 12,743,900,000,000 |
| 1981 | 15,533,000,000,000 |
| 1982 | 18,149,800,000,000 |
| 1983 | 22,452,600,000,000 |
| 1984 | 27,124,100,000,000 |
| 1985 | 29,916,400,000,000 |
| 1986 | 35,916,100,000,000 |
| 1987 | 43,747,600,000,000 |
| 1988 | 53,419,800,000,000 |
| 1989 | 59,976,500,000,000 |
| 1990 | 72,845,700,000,000 |
| 1991 | 90,076,200,000,000 |
| 1992 | 99,585,300,000,000 |
| 1993 | 114,140,000,000,000 |
| 1994 | 135,002,000,000,000 |
| 1995 | 159,463,000,000,000 |
| 1996 | 173,997,000,000,000 |
| 1997 | 191,850,000,000,000 |
| 1998 | 189,682,000,000,000 |
| 1999 | 205,032,000,000,000 |
| 2000 | 226,478,000,000,000 |
| 2001 | 234,879,000,000,000 |
| 2002 | 257,495,000,000,000 |
| 2003 | 277,262,000,000,000 |
| 2004 | 315,545,000,000,000 |
| 2005 | 326,972,000,000,000 |
| 2006 | 337,050,000,000,000 |
| 2007 | 364,532,000,000,000 |
| 2008 | 375,238,000,000,000 |
| 2009 | 396,624,000,000,000 |
| 2010 | 451,232,000,000,000 |
| 2011 | 478,502,000,000,000 |
| 2012 | 491,578,000,000,000 |
| 2013 | 517,000,000,000,000 |
| 2014 | 532,829,000,000,000 |
| 2015 | 566,213,000,000,000 |
| 2016 | 597,049,000,000,000 |
| 2017 | 638,205,000,000,000 |
| 2018 | 646,255,000,000,000 |
| 2019 | 628,910,000,000,000 |
| 2020 | 629,872,000,000,000 |
Industry, value added (constant 2010 US$)
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 500,561,000,000 |
| 2016 | 516,279,000,000 |
Industry, value added (annual % growth)
Definition: Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2016 | 3.14 |
Industry, value added (constant LCU)
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2015 | 566,213,000,000,000 |
| 2016 | 583,993,000,000,000 |
Industry, value added (% of GDP)
Industry, value added (% of GDP) in Korea was 32.58 as of 2020. Its highest value over the past 60 years was 37.15 in 1991, while its lowest value was 17.33 in 1960.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 17.33 |
| 1961 | 17.89 |
| 1962 | 17.88 |
| 1963 | 18.07 |
| 1964 | 19.34 |
| 1965 | 23.28 |
| 1966 | 23.06 |
| 1967 | 23.34 |
| 1968 | 24.07 |
| 1969 | 24.60 |
| 1970 | 24.80 |
| 1971 | 23.33 |
| 1972 | 24.88 |
| 1973 | 27.62 |
| 1974 | 26.61 |
| 1975 | 26.69 |
| 1976 | 27.64 |
| 1977 | 28.46 |
| 1978 | 30.21 |
| 1979 | 31.56 |
| 1980 | 32.08 |
| 1981 | 31.27 |
| 1982 | 31.68 |
| 1983 | 32.98 |
| 1984 | 34.51 |
| 1985 | 33.95 |
| 1986 | 34.87 |
| 1987 | 35.95 |
| 1988 | 36.59 |
| 1989 | 36.17 |
| 1990 | 36.32 |
| 1991 | 37.15 |
| 1992 | 35.88 |
| 1993 | 36.21 |
| 1994 | 36.24 |
| 1995 | 36.49 |
| 1996 | 35.45 |
| 1997 | 35.40 |
| 1998 | 35.31 |
| 1999 | 34.67 |
| 2000 | 34.76 |
| 2001 | 33.22 |
| 2002 | 32.81 |
| 2003 | 33.11 |
| 2004 | 34.73 |
| 2005 | 34.15 |
| 2006 | 33.52 |
| 2007 | 33.45 |
| 2008 | 32.51 |
| 2009 | 32.91 |
| 2010 | 34.12 |
| 2011 | 34.45 |
| 2012 | 34.13 |
| 2013 | 34.45 |
| 2014 | 34.09 |
| 2015 | 34.15 |
| 2016 | 34.30 |
| 2017 | 34.77 |
| 2018 | 34.05 |
| 2019 | 32.68 |
| 2020 | 32.58 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
