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Korea - Services Value Added 2023

Name: Korea Services Value Added 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Services value added as % of GDP · World Bank

58.88% +0.81% from 2022 Global rank: 109th

Korea's services value added was 58.88% in 2023, increased +0.81% from 58.07% in 2022. This was the 109th highest globally.

Global Ranking - 2023▾

Services Value Added by Country - 2023
Rank	Country	Value	YoY
1st	Guyana	18.77%	-2.6%
2nd	Libya	23.98%	-9.8%
3rd	Tanzania	28.70%	-6.3%
4th	Chad	30.32%	7.0%
5th	Tajikistan	34.71%	1.8%
6th	Mali	35.90%	1.3%
7th	Cambodia	36.15%	-0.6%
8th	Guinea	37.21%	-0.8%
9th	Gabon	37.81%	13.1%
10th	Brunei Darussalam	38.84%	19.4%
11th	Myanmar	39.68%	0.7%
12th	Azerbaijan	39.76%	24.0%
13th	Congo, Republic of	40.43%	8.3%
14th	Liberia	40.49%	8.4%
15th	Central African Republic	40.51%	-4.5%
16th	Mongolia	41.04%	0.2%
17th	Mozambique	41.11%	4.5%
18th	Sudan	41.39%	541.9%
19th	Angola	41.81%	-4.5%
20th	Papua New Guinea	42.03%	7.9%
21st	Guinea-Bissau	42.14%	-3.0%
22nd	Sierra Leone	42.16%	0.1%
23rd	Viet Nam	42.29%	2.8%
24th	Lebanon	42.38%	-52.2%
25th	Uganda	42.51%	2.1%
26th	Indonesia	42.88%	2.6%
27th	Mauritania	43.02%	-3.6%
28th	Ghana	43.11%	0.8%
29th	Burundi	43.63%	0.3%
30th	Iraq	43.67%	31.7%
31st	Uzbekistan	43.95%	5.8%
32nd	Lao PDR	44.00%	9.2%
33rd	Qatar	44.75%	16.1%
34th	Saudi Arabia	44.75%	11.3%
35th	Malawi	45.12%	-8.4%
36th	Oman	45.30%	7.0%
37th	Algeria	45.55%	6.6%
38th	Rwanda	45.71%	-1.6%
39th	Congo, Democratic Republic of	45.92%	4.9%
40th	Afghanistan	46.37%	2.9%
41st	Nicaragua	46.50%	0.3%
42nd	Niger	46.51%	34.9%
43rd	Kosovo	46.56%	1.9%
44th	Haiti	47.55%	-1.3%
45th	Burkina Faso	47.58%	2.0%
46th	Iran, Islamic Republic of	47.63%	5.0%
47th	Albania	47.66%	3.0%
48th	Benin	47.72%	1.8%
49th	Solomon Islands	47.96%	-1.7%
50th	Paraguay	48.14%	0.8%
51st	Madagascar	48.46%	0.0%
52nd	Togo	48.77%	0.0%
53rd	Belarus	48.81%	1.3%
54th	Suriname	48.83%	1.6%
55th	Turkmenistan	49.44%	1.7%
56th	India	49.51%	-0.4%
57th	Zimbabwe	49.56%	72.9%
58th	Senegal	49.59%	-0.4%
59th	Norway	49.96%	19.5%
60th	Tonga	49.99%	1.1%
61st	Equatorial Guinea	50.37%	22.9%
62nd	Lesotho	50.57%	1.0%
63rd	Comoros	50.58%	-1.2%
64th	Cameroon	50.87%	3.0%
65th	Pakistan	50.97%	-2.4%
66th	Bangladesh	51.11%	0.1%
67th	Peru	51.21%	3.0%
68th	Kyrgyz Republic	51.30%	0.6%
69th	Puerto Rico (US)	51.58%	1.4%
70th	Faroe Islands	51.64%	-0.1%
71st	Egypt, Arab Republic of	51.65%	0.4%
72nd	Nigeria	51.71%	1.1%
73rd	Eswatini	51.89%	2.2%
74th	Bahrain	51.94%	5.5%
75th	Kuwait	52.07%	16.2%
76th	Côte d'Ivoire	52.27%	-1.3%
77th	Bhutan	52.79%	3.1%
78th	Argentina	53.20%	-0.6%
79th	Namibia	53.29%	-3.8%
80th	Malaysia	53.55%	5.0%
81st	Morocco	53.71%	-1.4%
82nd	Bolivia, Plurinational State of	53.80%	1.8%
83rd	United Arab Emirates	53.84%	7.8%
84th	Türkiye	54.35%	4.2%
85th	Gambia, The	55.03%	-1.1%
86th	Nepal	55.37%	5.6%
87th	Kenya	55.47%	0.1%
88th	Bosnia and Herzegovina	55.91%	2.6%
89th	Fiji	56.23%	2.2%
90th	China	56.34%	2.5%
91st	Kazakhstan	56.34%	7.0%
92nd	Russian Federation	56.74%	2.9%
93rd	Colombia	56.74%	3.3%
94th	Zambia	56.82%	2.3%
95th	San Marino	56.90%	3.3%
96th	North Macedonia	56.92%	1.0%
97th	Liechtenstein	57.43%	1.3%
98th	Mexico	57.56%	-1.0%
99th	Honduras	57.57%	0.8%
100th	Chile	57.60%	4.0%
101st	Serbia	57.79%	6.5%
102nd	Slovenia	57.87%	-0.5%
103rd	Poland	58.20%	1.7%
104th	Hungary	58.28%	1.1%
105th	Dominica	58.32%	-0.6%
106th	Thailand	58.46%	4.1%
107th	West Bank and Gaza	58.53%	0.3%
108th	Ecuador	58.62%	0.7%
109th	Korea	58.88%	1.4%
110th	Brazil	59.18%	1.9%
111th	Botswana	59.19%	4.9%
112th	Dominican Republic	59.59%	2.2%
113th	Czechia	59.70%	-0.1%
114th	Croatia	59.83%	0.0%
115th	Sri Lanka	59.84%	4.9%
116th	Jamaica	59.88%	1.6%
117th	Slovak Republic	60.03%	-1.0%
118th	Ireland	60.30%	12.7%
119th	Trinidad and Tobago	60.33%	18.1%
120th	Armenia	60.35%	8.5%
121st	El Salvador	60.76%	0.5%
122nd	Jordan	60.78%	0.6%
123rd	Romania	60.91%	0.9%
124th	Greenland	60.99%	0.7%
125th	Timor-Leste	61.00%	67.9%
126th	Ukraine	61.21%	-0.8%
127th	Guatemala	61.40%	-0.6%
128th	Moldova	61.52%	4.5%
129th	Finland	61.77%	3.9%
130th	Georgia	62.06%	5.1%
131st	Tunisia	62.09%	1.7%
132nd	Belize	62.13%	0.9%
133rd	Philippines	62.40%	1.9%
134th	Bulgaria	62.43%	4.2%
135th	Austria	62.58%	0.2%
136th	South Africa	62.72%	0.7%
137th	Lithuania	63.09%	3.4%
138th	Germany	63.62%	0.2%
139th	Australia	63.64%	0.4%
140th	Latvia	63.86%	3.6%
141st	Denmark	63.91%	-3.8%
142nd	Montenegro	63.96%	1.3%
143rd	Italy	64.31%	-0.4%
144th	Mauritius	64.87%	-1.7%
145th	Grenada	65.07%	1.1%
146th	Estonia	65.14%	3.9%
147th	Iceland	65.38%	1.5%
148th	Sweden	65.46%	2.8%
149th	St. Kitts and Nevis	65.47%	0.6%
150th	European Union	65.50%	0.4%
151st	Uruguay	65.65%	3.0%
152nd	Portugal	66.29%	0.1%
153rd	St. Vincent and the Grenadines	66.39%	2.3%
154th	Kiribati	67.11%	3.2%
155th	Seychelles	67.32%	-1.8%
156th	Panama	67.76%	-0.6%
157th	Costa Rica	67.99%	1.1%
158th	Greece	68.67%	1.4%
159th	Spain	68.69%	1.6%
160th	Cabo Verde	68.89%	-0.2%
161st	Antigua and Barbuda	69.06%	1.0%
162nd	Micronesia, Federated States of	69.63%	0.8%
163rd	Marshall Islands	69.72%	0.9%
164th	Japan	69.77%	-0.8%
165th	Netherlands	70.05%	1.4%
166th	France	70.21%	-2.2%
167th	Belgium	70.26%	1.1%
168th	Samoa	70.74%	-2.0%
169th	Maldives	70.76%	-3.8%
170th	Israel	72.15%	2.6%
171st	Switzerland	72.16%	0.0%
172nd	United Kingdom	72.42%	-0.1%
173rd	Singapore	72.69%	1.5%
174th	Cuba	73.20%	-1.9%
175th	Curaçao	73.31%	-0.1%
176th	Turks and Caicos Islands	73.59%	1.6%
177th	Palau	74.77%	-2.9%
178th	Barbados	75.50%	-0.3%
179th	Cyprus	76.22%	-1.2%
180th	St. Lucia	76.25%	-1.7%
181st	Djibouti	77.12%	1.0%
182nd	São Tomé and Principe	77.64%	-1.2%
183rd	Andorra	78.31%	0.2%
184th	Bahamas, The	78.56%	-2.2%
185th	Malta	81.73%	1.4%
186th	Luxembourg	81.81%	0.8%
187th	Cayman Islands	85.98%	0.5%
188th	Monaco	88.50%	0.9%
189th	Macao SAR, China	90.86%	-0.1%
190th	Channel Islands	91.18%	0.2%
191st	Hong Kong SAR, China	91.37%	0.3%
192nd	Bermuda	91.46%	1.0%

FAQ

What was Korea's services value added in 2023?▾

Korea's services value added in 2023 was 58.88%. This ranked 109th globally.

How did Korea's services value added change in 2023?▾

Korea's services value added increased by 1.4% in 2023 compared to 2022.

Which country had the highest services value added in 2023?▾

Bermuda had the highest services value added in 2023 at 91.46%.

What is the services value added of Korea in 2023?▾

The services value added of Korea in 2023 was 58.88%. This ranked 109th globally.

How does 2023 compare to 2022 for Korea's services value added?▾

Korea's services value added went from 58.07% in 2022 to 58.88% in 2023, a 1.4% increase.

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