{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"kr-services-value-added-gdp","url":"https://apiardata.com/statistics/kr-services-value-added-gdp","html_url":"https://apiardata.com/statistics/kr-services-value-added-gdp/","title":"South Korea Services Value Added (% of GDP) (2025)","description":"South Korea's Services Value Added (% of GDP): 57.2 % of GDP in 2025, -0.3pp YoY. World Bank (NV.SRV.TOTL.ZS), 1976–2025.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","World Bank","South Korea","2025"],"publisher":"World Bank","frequency":"Annual","geography":"South Korea","temporal_coverage":"1976/2025","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"South Korea Services Value Added (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/NV.SRV.TOTL.ZS?locations=KR"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1976–2025"},{"label":"Observations","value":"50"},{"label":"Geography","value":"South Korea"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"South Korea (2025)","value":"57.2","unit":"% of GDP","trend":{"direction":"down","value":"-0.3pp YoY"}},{"label":"YoY Change","value":"-0.3pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"South Korea Services Value Added (% of GDP)"}],"observation_count":50,"observations":[{"period":"1976","value":40.0419059022014},{"period":"1977","value":40.2042608106965},{"period":"1978","value":39.9300666478926},{"period":"1979","value":40.0933462002998},{"period":"1980","value":43.6935042574351},{"period":"1981","value":43.9035574935069},{"period":"1982","value":44.5082253393851},{"period":"1983","value":43.8953735067999},{"period":"1984","value":43.8909744041355},{"period":"1985","value":45.0038215713858},{"period":"1986","value":45.605114213978},{"period":"1987","value":45.8625067876194},{"period":"1988","value":45.5601885026178},{"period":"1989","value":47.0495886552741},{"period":"1990","value":47.2202468548119},{"period":"1991","value":47.8044317422166},{"period":"1992","value":49.1166656309546},{"period":"1993","value":49.7313355103274},{"period":"1994","value":49.6798413284689},{"period":"1995","value":49.7098656728598},{"period":"1996","value":50.7445717378238},{"period":"1997","value":51.2779437004685},{"period":"1998","value":52.8725801558909},{"period":"1999","value":52.5341914853672},{"period":"2000","value":52.4506883344092},{"period":"2001","value":53.7193518260855},{"period":"2002","value":54.2214126612376},{"period":"2003","value":54.4632216217611},{"period":"2004","value":53.687155797211},{"period":"2005","value":54.4153166953969},{"period":"2006","value":55.152768118836},{"period":"2007","value":55.5065734495518},{"period":"2008","value":56.5890054547363},{"period":"2009","value":56.2870631890006},{"period":"2010","value":54.8789736739052},{"period":"2011","value":54.6912359976241},{"period":"2012","value":54.980397416291},{"period":"2013","value":54.9344398143733},{"period":"2014","value":55.1954830462876},{"period":"2015","value":55.1116628446164},{"period":"2016","value":54.9765180712598},{"period":"2017","value":54.5655362570163},{"period":"2018","value":55.3852876556229},{"period":"2019","value":56.9367708221081},{"period":"2020","value":56.9193572011009},{"period":"2021","value":56.9003312416072},{"period":"2022","value":58.0714839153337},{"period":"2023","value":58.8846232184384},{"period":"2024","value":57.5005082410932},{"period":"2025","value":57.2276281692036}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"57.2","yoyChange":"-0.3pp"},{"year":"2024","value":"57.5","yoyChange":"-1.4pp"},{"year":"2023","value":"58.9","yoyChange":"+0.8pp"},{"year":"2022","value":"58.1","yoyChange":"+1.2pp"},{"year":"2021","value":"56.9","yoyChange":"unchanged"},{"year":"2020","value":"56.9","yoyChange":"unchanged"},{"year":"2019","value":"56.9","yoyChange":"+1.5pp"},{"year":"2018","value":"55.4","yoyChange":"+0.8pp"},{"year":"2017","value":"54.6","yoyChange":"-0.4pp"},{"year":"2016","value":"55.0","yoyChange":"-0.1pp"},{"year":"2015","value":"55.1","yoyChange":"-0.1pp"},{"year":"2014","value":"55.2","yoyChange":"+0.3pp"},{"year":"2013","value":"54.9","yoyChange":"-0.1pp"},{"year":"2012","value":"55.0","yoyChange":"+0.3pp"},{"year":"2011","value":"54.7","yoyChange":"-0.2pp"},{"year":"2010","value":"54.9","yoyChange":"-1.4pp"},{"year":"2009","value":"56.3","yoyChange":"-0.3pp"},{"year":"2008","value":"56.6","yoyChange":"+1.1pp"},{"year":"2007","value":"55.5","yoyChange":"+0.3pp"},{"year":"2006","value":"55.2","yoyChange":"+0.7pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks services sector value added as a share of GDP in South Korea from 1990 to present. The shift toward services-led growth is a defining trend across advanced and emerging markets. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1976–2025 (50 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 58.9 % of GDP in 2023 and reached its lowest recorded value of 39.9 in 1978. The latest reading of 57.2 in 2025 represents a change of -0.3pp."}]}