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Korea - Services Value Added 2022

Name: Korea Services Value Added 2022
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Services value added as % of GDP · World Bank

58.07% +1.17% from 2021 Global rank: 110th

Korea's services value added was 58.07% in 2022, increased +1.17% from 56.90% in 2021. This was the 110th highest globally.

Global Ranking - 2022▾

Services Value Added by Country - 2022
Rank	Country	Value	YoY
1st	Sudan	6.45%	-33.4%
2nd	Guyana	19.27%	-37.5%
3rd	Libya	26.58%	-17.5%
4th	Chad	28.35%	-7.7%
5th	Zimbabwe	28.66%	-23.9%
6th	Tanzania	30.64%	-5.9%
7th	Azerbaijan	32.07%	-14.9%
8th	Brunei Darussalam	32.52%	-13.6%
9th	Iraq	33.16%	-22.2%
10th	Gabon	33.44%	-13.3%
11th	Tajikistan	34.11%	2.2%
12th	Niger	34.47%	-7.0%
13th	Mali	35.45%	0.2%
14th	Timor-Leste	36.32%	19.3%
15th	Cambodia	36.39%	-0.3%
16th	Congo, Republic of	37.31%	-12.4%
17th	Liberia	37.34%	-2.8%
18th	Guinea	37.52%	3.7%
19th	Qatar	38.54%	-13.9%
20th	Papua New Guinea	38.96%	-8.6%
21st	Mozambique	39.33%	0.7%
22nd	Myanmar	39.42%	-1.2%
23rd	Saudi Arabia	40.21%	-12.2%
24th	Lao PDR	40.28%	3.7%
25th	Equatorial Guinea	40.98%	-12.7%
26th	Mongolia	40.98%	3.4%
27th	Viet Nam	41.14%	-0.3%
28th	Uzbekistan	41.54%	6.2%
29th	Uganda	41.65%	-0.5%
30th	Indonesia	41.79%	-2.4%
31st	Norway	41.82%	-17.3%
32nd	Sierra Leone	42.13%	-3.1%
33rd	Oman	42.33%	-13.9%
34th	Central African Republic	42.43%	-0.1%
35th	Algeria	42.75%	-11.8%
36th	Ghana	42.78%	-5.6%
37th	Guinea-Bissau	43.46%	1.0%
38th	Burundi	43.48%	-0.3%
39th	Congo, Democratic Republic of	43.76%	2.3%
40th	Angola	43.77%	2.7%
41st	Mauritania	44.61%	8.1%
42nd	Kuwait	44.82%	-16.2%
43rd	Syrian Arab Republic	44.94%	9.1%
44th	Afghanistan	45.05%	-4.5%
45th	Iran, Islamic Republic of	45.34%	-5.0%
46th	Kosovo	45.68%	-0.4%
47th	Albania	46.30%	2.3%
48th	Nicaragua	46.36%	0.4%
49th	Rwanda	46.47%	-2.5%
50th	Burkina Faso	46.62%	2.8%
51st	Benin	46.89%	2.2%
52nd	Paraguay	47.74%	1.6%
53rd	Suriname	48.07%	-4.6%
54th	Haiti	48.17%	-6.9%
55th	Belarus	48.20%	-1.0%
56th	Madagascar	48.44%	-2.4%
57th	Turkmenistan	48.62%	-4.8%
58th	Togo	48.76%	-1.9%
59th	Solomon Islands	48.78%	3.3%
60th	Malawi	49.24%	-1.1%
61st	Bahrain	49.24%	-6.9%
62nd	Cameroon	49.40%	-3.0%
63rd	Tonga	49.43%	-2.5%
64th	Peru	49.70%	2.0%
65th	India	49.73%	3.9%
66th	Senegal	49.80%	-1.4%
67th	United Arab Emirates	49.93%	-7.1%
68th	Lesotho	50.07%	0.5%
69th	Eswatini	50.78%	-3.6%
70th	Puerto Rico (US)	50.88%	3.6%
71st	Kyrgyz Republic	51.02%	0.0%
72nd	Malaysia	51.02%	-1.2%
73rd	Bangladesh	51.04%	-0.5%
74th	Trinidad and Tobago	51.10%	-6.9%
75th	Nigeria	51.17%	-0.3%
76th	Bhutan	51.20%	2.0%
77th	Comoros	51.20%	0.2%
78th	Egypt, Arab Republic of	51.43%	-2.0%
79th	Faroe Islands	51.69%	-4.1%
80th	Türkiye	52.18%	-1.9%
81st	Pakistan	52.23%	0.4%
82nd	Nepal	52.43%	1.7%
83rd	Kazakhstan	52.64%	-2.4%
84th	Bolivia, Plurinational State of	52.86%	0.6%
85th	Côte d'Ivoire	52.97%	-2.1%
86th	Ireland	53.51%	-3.0%
87th	Argentina	53.53%	1.3%
88th	Serbia	54.27%	0.0%
89th	Morocco	54.50%	5.2%
90th	Bosnia and Herzegovina	54.50%	1.2%
91st	Colombia	54.91%	-5.6%
92nd	China	54.96%	0.3%
93rd	Fiji	55.01%	2.8%
94th	San Marino	55.08%	-2.5%
95th	Russian Federation	55.13%	1.7%
96th	Chile	55.37%	0.7%
97th	Namibia	55.41%	-4.2%
98th	Kenya	55.41%	0.5%
99th	Zambia	55.53%	9.0%
100th	Armenia	55.62%	4.8%
101st	Gambia, The	55.63%	4.2%
102nd	Thailand	56.16%	-0.2%
103rd	North Macedonia	56.37%	-0.5%
104th	Botswana	56.43%	-6.3%
105th	Liechtenstein	56.70%	2.9%
106th	Sri Lanka	57.07%	2.1%
107th	Honduras	57.12%	-1.6%
108th	Poland	57.22%	1.4%
109th	Hungary	57.62%	0.4%
110th	Korea	58.07%	2.1%
111th	Brazil	58.09%	2.1%
112th	Mexico	58.13%	-0.3%
113th	Slovenia	58.17%	0.5%
114th	Ecuador	58.20%	-0.4%
115th	Dominican Republic	58.32%	0.9%
116th	West Bank and Gaza	58.33%	-2.9%
117th	Dominica	58.65%	3.8%
118th	Moldova	58.89%	7.8%
119th	Jamaica	58.94%	1.0%
120th	Georgia	59.05%	0.6%
121st	Vanuatu	59.05%	-8.0%
122nd	Finland	59.43%	-1.2%
123rd	Czechia	59.74%	-1.8%
124th	Croatia	59.82%	1.3%
125th	Bulgaria	59.89%	-4.1%
126th	Romania	60.39%	1.5%
127th	Jordan	60.44%	-0.7%
128th	El Salvador	60.46%	0.4%
129th	Greenland	60.54%	-2.6%
130th	Slovak Republic	60.62%	0.8%
131st	Lithuania	61.03%	0.3%
132nd	Tunisia	61.07%	2.6%
133rd	Philippines	61.23%	0.3%
134th	Belize	61.61%	0.8%
135th	Latvia	61.65%	0.0%
136th	Ukraine	61.72%	18.9%
137th	Guatemala	61.74%	-0.3%
138th	South Africa	62.27%	-0.8%
139th	Austria	62.44%	0.2%
140th	Estonia	62.70%	0.0%
141st	Montenegro	63.15%	1.2%
142nd	Australia	63.36%	-3.6%
143rd	Germany	63.48%	-0.1%
144th	Sweden	63.69%	-1.9%
145th	Uruguay	63.77%	0.6%
146th	Grenada	64.34%	-1.4%
147th	Iceland	64.44%	-0.5%
148th	Italy	64.60%	-0.4%
149th	St. Vincent and the Grenadines	64.87%	0.3%
150th	Kiribati	65.01%	1.2%
151st	St. Kitts and Nevis	65.10%	0.4%
152nd	European Union	65.24%	-0.1%
153rd	Mauritius	65.97%	-2.0%
154th	Portugal	66.19%	1.7%
155th	Denmark	66.43%	-0.3%
156th	Costa Rica	67.28%	0.3%
157th	New Zealand	67.41%	0.3%
158th	Spain	67.60%	0.2%
159th	Greece	67.72%	-1.8%
160th	Panama	68.15%	0.0%
161st	Antigua and Barbuda	68.41%	0.0%
162nd	Seychelles	68.54%	-4.5%
163rd	Cabo Verde	69.01%	0.7%
164th	Marshall Islands	69.06%	7.4%
165th	Netherlands	69.07%	-0.5%
166th	Micronesia, Federated States of	69.08%	4.1%
167th	Belgium	69.47%	-1.8%
168th	Israel	70.32%	-0.6%
169th	Japan	70.36%	1.9%
170th	Singapore	71.60%	2.0%
171st	France	71.76%	1.5%
172nd	Switzerland	72.17%	1.7%
173rd	Samoa	72.22%	3.1%
174th	Turks and Caicos Islands	72.44%	-2.2%
175th	United Kingdom	72.48%	0.4%
176th	Curaçao	73.38%	-1.6%
177th	Maldives	73.57%	0.6%
178th	Cuba	74.60%	-0.5%
179th	Barbados	75.70%	1.1%
180th	Djibouti	76.39%	1.7%
181st	Palau	77.00%	-1.7%
182nd	Cyprus	77.16%	1.8%
183rd	St. Lucia	77.58%	4.4%
184th	Andorra	78.19%	-1.5%
185th	São Tomé and Principe	78.59%	4.2%
186th	Aruba	79.00%	0.8%
187th	Bahamas, The	80.31%	4.1%
188th	Malta	80.61%	1.2%
189th	Luxembourg	81.13%	1.5%
190th	Cayman Islands	85.57%	0.4%
191st	Monaco	87.73%	0.3%
192nd	Lebanon	88.62%	-5.9%
193rd	Bermuda	90.58%	0.1%
194th	Macao SAR, China	90.96%	-1.2%
195th	Channel Islands	90.97%	0.6%
196th	Hong Kong SAR, China	91.07%	1.6%
197th	Isle of Man	95.15%	3.6%

FAQ

What was Korea's services value added in 2022?▾

Korea's services value added in 2022 was 58.07%. This ranked 110th globally.

How did Korea's services value added change in 2022?▾

Korea's services value added increased by 2.1% in 2022 compared to 2021.

Which country had the highest services value added in 2022?▾

Isle of Man had the highest services value added in 2022 at 95.15%.

What is the services value added of Korea in 2022?▾

The services value added of Korea in 2022 was 58.07%. This ranked 110th globally.

How does 2022 compare to 2021 for Korea's services value added?▾

Korea's services value added went from 56.90% in 2021 to 58.07% in 2022, a 2.1% increase.

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