Value Added (Total Manufacturing) — Ratio of Value Added in Republic of Korea
Republic of Korea: Value Added (Total Manufacturing) — Ratio of Value Added was 17.91 in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Ratio of Value Added in Republic of Korea, 1970–2023
Source: Food and Agriculture Organization of the United Nations.
Analysis
In 2023, value added (total manufacturing) — ratio of value added in Republic of Korea stood at 17.91.
That represents a change of down 2.1% on the previous year and up 23.8% over ten years.
Over the whole period, value added (total manufacturing) — ratio of value added in Republic of Korea peaked at 18.3 in 2022 and was at its lowest, 0.6164, in 1971.
That places Republic of Korea 15th out of 233 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Ratio of Value Added in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 0.6586 | — |
| 1971 | 0.6164 | -6.4% |
| 1972 | 0.7095 | +15.1% |
| 1973 | 0.8775 | +23.7% |
| 1974 | 0.8683 | -1.0% |
| 1975 | 0.8284 | -4.6% |
| 1976 | 0.9384 | +13.3% |
| 1977 | 0.9764 | +4.1% |
| 1978 | 1.07 | +10.0% |
| 1979 | 1.18 | +10.1% |
| 1980 | 1.56 | +32.2% |
| 1981 | 1.48 | -5.5% |
| 1982 | 1.59 | +7.7% |
| 1983 | 1.86 | +17.0% |
| 1984 | 2.12 | +14.1% |
| 1985 | 2.12 | -0.0% |
| 1986 | 2.52 | +18.7% |
| 1987 | 2.97 | +17.8% |
| 1988 | 3.1 | +4.4% |
| 1989 | 3.23 | +4.2% |
| 1990 | 3.42 | +6.1% |
| 1991 | 3.86 | +12.6% |
| 1992 | 3.88 | +0.5% |
| 1993 | 4.38 | +12.9% |
| 1994 | 4.71 | +7.6% |
| 1995 | 5.12 | +8.7% |
| 1996 | 5.27 | +3.0% |
| 1997 | 5.82 | +10.4% |
| 1998 | 6.33 | +8.9% |
| 1999 | 6.3 | -0.5% |
| 2000 | 7.17 | +13.9% |
| 2001 | 7.34 | +2.3% |
| 2002 | 8.04 | +9.6% |
| 2003 | 8.59 | +6.8% |
| 2004 | 9.31 | +8.5% |
| 2005 | 10.41 | +11.8% |
| 2006 | 10.77 | +3.5% |
| 2007 | 11.9 | +10.4% |
| 2008 | 12.77 | +7.4% |
| 2009 | 12.3 | -3.7% |
| 2010 | 13.74 | +11.7% |
| 2011 | 13.76 | +0.1% |
| 2012 | 13.8 | +0.3% |
| 2013 | 14.47 | +4.8% |
| 2014 | 14.49 | +0.1% |
| 2015 | 14.65 | +1.1% |
| 2016 | 15.82 | +7.9% |
| 2017 | 16.35 | +3.3% |
| 2018 | 17.36 | +6.2% |
| 2019 | 17.5 | +0.8% |
| 2020 | 16.29 | -6.9% |
| 2021 | 15.76 | -3.2% |
| 2022 | 18.3 | +16.1% |
| 2023 | 17.91 | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8729 | 0.6164 | 1.18 | 10 |
| 1980s | 2.25 | 1.48 | 3.23 | 10 |
| 1990s | 4.91 | 3.42 | 6.33 | 10 |
| 2000s | 9.86 | 7.17 | 12.77 | 10 |
| 2010s | 15.19 | 13.74 | 17.5 | 10 |
| 2020s | 17.06 | 15.76 | 18.3 | 4 |
Countries ranked near Republic of Korea
- 12 British Virgin Islands 20.06 compare
- 13 Japan 19.42 compare
- 14 China, Hong Kong SAR 19.12 compare
- 16 Trinidad and Tobago 17.3 compare
- 17 Kuwait 16.11 compare
- 18 Brunei Darussalam 15.58 compare
- 18 Brunei 15.58 compare
More environment data for Republic of Korea
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.504 °C (2025)
- Temperature change 1.9 °C (2025)
- Value Added Deflator (Agriculture, forestry and fishery) — Value 0.1507 % change on previous year (2024)
- Value Added Deflator (Agriculture, forestry and fishery) — Value US$ -4.16 % change on previous year (2024)
- Pesticides (total) — Import value, annual growth rate -14.88 % change on previous year (2024)
- Pesticides (total) — Export value, gaps filled 757,186 1000 USD (2024)
- Pesticides (total) — Export value, annual growth rate 8.01 % change on previous year (2024)
- Nutrient nitrogen N (total) — Import quantity, gaps filled 388,928 t (2024)
- Nutrient nitrogen N (total) — Import quantity, annual growth rate 3.55 % change on previous year (2024)
Frequently asked questions
- What is value added (total manufacturing) — ratio of value added in Republic of Korea?
- Value added (total manufacturing) — ratio of value added in Republic of Korea was 17.91 in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — ratio of value added recorded in Republic of Korea?
- The highest recorded value was 18.3 in 2022.
- What is the lowest value added (total manufacturing) — ratio of value added recorded in Republic of Korea?
- The lowest recorded value was 0.6164 in 1971.
- How does Republic of Korea rank for value added (total manufacturing) — ratio of value added?
- Republic of Korea ranks 15th out of 233 countries with data for 2023.
- Is value added (total manufacturing) — ratio of value added rising or falling in Republic of Korea?
- Over the last ten years it is up 23.8%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Ratio of Value Added (Agriculture, Forestry and Fishing) US$. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).