Korea Services Value Added
Services value added as % of GDP NV.SRV.TOTL.ZS
Korea's services value added was 58.60% in 2025, ranked 91st globally. This represents a 1.9% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Korea's services value added stood at 58.60% in 2025, a rise of +1.10% from 2024. Based on recent trends, this figure is projected to reach 58.60% by 2025. Korea ranked 91st globally.
South Korea’s services value added has risen from 39.31 in 1960 to 58.60 in 2025, placing the economy 91st in the world and reflecting a 66‑year expansion of the sector’s contribution to GDP. The indicator reached its all‑time high of 58.88 in 2023, a modest increase over the 2025 figure, while the lowest point occurred in 1964 at 30.21, underscoring the dramatic structural shift from a predominantly agrarian and manufacturing base to a service‑oriented economy. The latest level is virtually identical to that of Sri Lanka (58.59) and only marginally below Thailand’s 58.95, indicating that South Korea now competes with other emerging service hubs despite its higher income status. Continued growth will depend on digitalization, higher‑value tourism, and the expansion of financial and professional services, which could push the value added beyond the recent peak if productivity gains are sustained.
Data & projection
| Year | Services Value Added | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 59.23% | - | - |
| 2026* trend | 58.91% | - | - |
| 2025* trend | 58.60% | - | - |
| 2025 | 58.60% | +1.10% | #91 |
| 2024 | 57.50% | −1.38% | #90 |
| 2023 | 58.88% | +0.81% | #109 |
| 2022 | 58.07% | +1.17% | #110 |
| 2021 | 56.90% | −0.02% | #108 |
| 2020 | 56.92% | −0.02% | #98 |
| 2019 | 56.94% | +1.55% | #104 |
| 2018 | 55.39% | +0.82% | #95 |
| 2017 | 54.57% | −0.41% | #88 |
| 2016 | 54.98% | −0.14% | #90 |
| 2015 | 55.11% | −0.08% | #90 |
| 2014 | 55.20% | +0.26% | #101 |
| 2013 | 54.93% | −0.05% | #97 |
| 2012 | 54.98% | +0.29% | #101 |
| 2011 | 54.69% | −0.19% | #102 |
Detected Pattern
Analysis
Korea matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw services value added improve within 24 months. View full analysis →
Frequently Asked Questions
Korea's services value added was 58.60% in 2025. Ranked 91st globally. This represents a 1.9% increase from the previous year.
Korea's services value added peaked at 58.88% in 2023.
The lowest services value added in Korea was 30.21% in 1964.
Korea ranks 91st globally in services value added as of 2025.
The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.
Korea's services value added is projected to reach 58.60% by 2025 based on trend extrapolation.
The services value added of Korea in 2025 was 58.60%. This ranks 91st in the world.
Cite this page
@misc{historysaid_korea_services-value-added,
title = {Korea Services Value Added},
url = {https://historysaid.com/korea/services-value-added/},
publisher = {HistorySaid},
year = {2026}
}