South Korea - Services, etc., value added (annual % growth)

Services, etc., value added (annual % growth) in South Korea was at 3.8562 % in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 south korea services etc  value added annual percent growth wb data




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Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.


South Korea | Economy & Growth

GDP (current US$)
1377873107856 USD
GDP (current LCU)
1.5585915E+15 LCU
GDP (constant 2000 US$)
1266580310209 USD
GDP (constant LCU)
1.4642441E+15 LCU
Gross domestic income (constant LCU)
1.51336369796188E+15 LCU
GNI (current US$)
1384259486411 USD
GNI (current LCU)
1.5658155E+15 LCU
GNI (constant 2000 US$)
1272539650337 USD
GNI (constant LCU)
1.4711334607085E+15 LCU
Gross savings (current US$)
489824850767 USD
Gross savings (current LCU)
554069053631000 LCU
Gross national income (constant LCU)
1.37359356648895E+15 LCU
Total Reserves
371102 %