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Korea - Services Value Added 2024

Name: Korea Services Value Added 2024
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Services value added as % of GDP · World Bank

57.50% −1.38% from 2023 Global rank: 90th

Korea's services value added was 57.50% in 2024, decreased +1.38% from 58.88% in 2023. This was the 90th highest globally.

Global Ranking - 2024▾

Services Value Added by Country - 2024
Rank	Country	Value	YoY
1st	Guyana	14.46%	-22.9%
2nd	Libya	28.34%	18.2%
3rd	Tanzania	29.56%	3.0%
4th	Chad	29.78%	-1.8%
5th	Cambodia	35.59%	-1.5%
6th	Mali	36.31%	1.2%
7th	Guinea	36.34%	-2.4%
8th	Gabon	36.82%	-2.6%
9th	Guinea-Bissau	37.88%	-10.1%
10th	Brunei Darussalam	38.95%	0.3%
11th	Ghana	40.94%	-5.0%
12th	Angola	41.06%	-1.8%
13th	Mozambique	41.10%	0.0%
14th	Myanmar	41.35%	4.2%
15th	Liberia	41.93%	3.5%
16th	Central African Republic	42.08%	3.9%
17th	Azerbaijan	42.32%	6.4%
18th	Viet Nam	42.36%	0.2%
19th	Mauritania	42.43%	-1.4%
20th	Sierra Leone	42.57%	1.0%
21st	Uganda	43.14%	1.5%
22nd	Burundi	43.22%	-0.9%
23rd	Lao PDR	43.53%	-1.1%
24th	Indonesia	43.77%	2.1%
25th	Burkina Faso	43.95%	-7.6%
26th	Malawi	44.21%	-2.0%
27th	Mongolia	44.34%	8.0%
28th	Congo, Republic of	45.02%	11.4%
29th	Niger	45.03%	-3.2%
30th	Uzbekistan	45.19%	2.8%
31st	Kosovo	45.68%	-1.9%
32nd	Iraq	45.77%	4.8%
33rd	Oman	46.01%	1.6%
34th	Qatar	46.07%	3.0%
35th	Congo, Democratic Republic of	46.57%	1.4%
36th	Algeria	46.79%	2.7%
37th	Nicaragua	46.83%	0.7%
38th	Solomon Islands	46.92%	-2.2%
39th	Saudi Arabia	47.07%	5.2%
40th	Rwanda	47.55%	4.0%
41st	Madagascar	47.72%	-1.5%
42nd	Lesotho	48.04%	-5.0%
43rd	Haiti	48.31%	1.6%
44th	Senegal	48.41%	-2.4%
45th	Albania	48.69%	2.2%
46th	Paraguay	48.75%	1.3%
47th	Benin	48.88%	2.4%
48th	Egypt, Arab Republic of	48.93%	-5.3%
49th	Togo	49.16%	0.8%
50th	Belarus	49.68%	1.8%
51st	Iran, Islamic Republic of	49.79%	4.5%
52nd	India	49.87%	0.7%
53rd	Comoros	50.07%	-1.0%
54th	Turkmenistan	50.35%	1.8%
55th	Zimbabwe	50.61%	2.1%
56th	Cameroon	50.72%	-0.3%
57th	Pakistan	50.73%	-0.5%
58th	Suriname	50.85%	4.1%
59th	Equatorial Guinea	51.10%	1.4%
60th	Peru	51.29%	0.2%
61st	Eswatini	51.36%	-1.0%
62nd	Bangladesh	51.42%	0.6%
63rd	Norway	51.81%	3.7%
64th	Puerto Rico (US)	51.81%	0.4%
65th	Côte d'Ivoire	51.86%	-0.8%
66th	Kyrgyz Republic	52.14%	1.6%
67th	Morocco	52.73%	-1.8%
68th	Bahrain	53.19%	2.4%
69th	Bolivia, Plurinational State of	53.36%	-0.8%
70th	Argentina	53.65%	0.9%
71st	Malaysia	53.72%	0.3%
72nd	Nigeria	53.73%	3.9%
73rd	Faroe Islands	53.83%	4.2%
74th	Namibia	54.46%	2.2%
75th	Fiji	54.57%	-3.0%
76th	Sudan	54.67%	32.1%
77th	United Arab Emirates	54.90%	2.0%
78th	Nepal	55.22%	-0.3%
79th	Kenya	55.30%	-0.3%
80th	Kuwait	55.85%	7.3%
81st	Chile	56.08%	-2.6%
82nd	North Macedonia	56.25%	-1.2%
83rd	Bosnia and Herzegovina	56.56%	1.2%
84th	China	56.75%	0.7%
85th	Gambia, The	56.79%	3.2%
86th	Dominica	56.94%	-2.4%
87th	Ecuador	57.16%	-2.5%
88th	Zambia	57.19%	0.7%
89th	Sri Lanka	57.47%	-4.0%
90th	Korea	57.50%	-2.4%
91st	Türkiye	57.52%	5.8%
92nd	Russian Federation	57.53%	1.4%
93rd	Slovenia	57.94%	0.1%
94th	Kazakhstan	57.94%	2.8%
95th	Mexico	58.10%	0.9%
96th	Colombia	58.14%	2.5%
97th	Honduras	58.41%	1.5%
98th	Serbia	58.78%	1.7%
99th	Poland	59.15%	1.6%
100th	Thailand	59.15%	1.2%
101st	Brazil	59.17%	0.0%
102nd	Trinidad and Tobago	59.18%	-1.9%
103rd	Hungary	59.52%	2.1%
104th	Dominican Republic	59.81%	0.4%
105th	Jamaica	59.96%	0.1%
106th	Slovak Republic	59.96%	-0.1%
107th	Czechia	60.17%	0.8%
108th	Jordan	60.39%	-0.6%
109th	Ireland	60.56%	0.4%
110th	Ukraine	60.62%	-1.0%
111th	Croatia	60.84%	1.7%
112th	El Salvador	61.04%	0.5%
113th	Guatemala	61.84%	0.7%
114th	Georgia	61.98%	-0.1%
115th	Armenia	61.99%	2.7%
116th	Finland	62.21%	0.7%
117th	Moldova	62.27%	1.2%
118th	Belize	62.44%	0.5%
119th	Romania	62.55%	2.7%
120th	Tunisia	62.61%	0.8%
121st	South Africa	62.99%	0.4%
122nd	Philippines	63.22%	1.3%
123rd	Botswana	63.49%	7.3%
124th	Denmark	63.55%	-0.6%
125th	Lithuania	63.59%	0.8%
126th	Bulgaria	63.76%	2.1%
127th	Montenegro	63.77%	-0.3%
128th	Austria	63.97%	2.2%
129th	Germany	64.05%	0.7%
130th	Mauritius	64.37%	-0.8%
131st	Latvia	64.60%	1.2%
132nd	Iceland	64.89%	-0.7%
133rd	Italy	65.05%	1.2%
134th	Uruguay	65.26%	-0.6%
135th	Estonia	65.70%	0.9%
136th	Grenada	65.71%	1.0%
137th	Seychelles	65.77%	-2.3%
138th	European Union	66.05%	0.8%
139th	St. Kitts and Nevis	66.13%	1.0%
140th	Australia	66.14%	3.9%
141st	Portugal	66.28%	0.0%
142nd	St. Vincent and the Grenadines	66.40%	0.0%
143rd	Sweden	66.43%	1.5%
144th	Marshall Islands	66.99%	-3.9%
145th	Micronesia, Federated States of	67.91%	-2.5%
146th	Greece	68.01%	-1.0%
147th	Cabo Verde	68.72%	-0.2%
148th	Costa Rica	68.78%	1.2%
149th	Spain	68.90%	0.3%
150th	Panama	69.34%	2.3%
151st	Samoa	69.36%	-1.9%
152nd	Netherlands	70.49%	0.6%
153rd	France	70.91%	1.0%
154th	Belgium	70.99%	1.0%
155th	Timor-Leste	71.63%	17.4%
156th	Switzerland	72.03%	-0.2%
157th	Maldives	72.10%	1.9%
158th	Curaçao	72.30%	-1.4%
159th	United Kingdom	72.45%	0.0%
160th	Israel	72.54%	0.5%
161st	Turks and Caicos Islands	72.64%	-1.3%
162nd	Singapore	73.03%	0.5%
163rd	Cuba	73.39%	0.3%
164th	Barbados	75.53%	0.0%
165th	St. Lucia	75.90%	-0.5%
166th	Djibouti	76.08%	-1.3%
167th	Cyprus	76.48%	0.3%
168th	Bahamas, The	77.19%	-1.7%
169th	Andorra	77.59%	-0.9%
170th	São Tomé and Principe	80.34%	3.5%
171st	Luxembourg	81.18%	-0.8%
172nd	Malta	81.77%	0.1%
173rd	Monaco	87.20%	-1.5%
174th	Hong Kong SAR, China	91.75%	0.4%

FAQ

What was Korea's services value added in 2024?▾

Korea's services value added in 2024 was 57.50%. This ranked 90th globally.

How did Korea's services value added change in 2024?▾

Korea's services value added decreased by 2.4% in 2024 compared to 2023.

Which country had the highest services value added in 2024?▾

Hong Kong SAR, China had the highest services value added in 2024 at 91.75%.

What is the services value added of Korea in 2024?▾

The services value added of Korea in 2024 was 57.50%. This ranked 90th globally.

How does 2024 compare to 2023 for Korea's services value added?▾

Korea's services value added went from 58.88% in 2023 to 57.50% in 2024, a 2.4% decrease.

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