South Korea Services Value Added (% of GDP) (2024)
South Korea's Services Value Added (% of GDP): 57.5 % of GDP in 2024, -1.4pp YoY. World Bank (NV.SRV.TOTL.ZS), 1990–2024.
South Korea (2024)
57.5
% of GDP
-1.4pp YoY
YoY Change
-1.4pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 57.5 | -1.4pp |
| 2023 | 58.9 | +0.8pp |
| 2022 | 58.1 | +1.2pp |
| 2021 | 56.9 | -0pp |
| 2020 | 56.9 | -0pp |
| 2019 | 56.9 | +1.6pp |
| 2018 | 55.4 | +0.8pp |
| 2017 | 54.6 | -0.4pp |
| 2016 | 55 | -0.1pp |
| 2015 | 55.1 | -0.1pp |
| 2014 | 55.2 | +0.3pp |
| 2013 | 54.9 | -0.1pp |
| 2012 | 55 | +0.3pp |
| 2011 | 54.7 | -0.2pp |
| 2010 | 54.9 | -1.4pp |
| 2009 | 56.3 | -0.3pp |
| 2008 | 56.6 | +1.1pp |
| 2007 | 55.5 | +0.4pp |
| 2006 | 55.2 | +0.7pp |
| 2005 | 54.4 | n/a |
About this Dataset
South Korea recorded 57.5 % of GDP in 2024. The most recent year-on-year change was -1.4pp. The historical series (1990–2024) shows a peak of 58.9 in 2023 and a trough of 47.2 in 1990.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south korea services value added (% of gdp) in South Korea, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 58.9 % of GDP in 2023 and reached its lowest recorded value of 47.2 in 1990. The latest reading of 57.5 in 2024 represents a year-on-year change of -1.4pp.