Korea - Gross value added at factor cost
Gross value added at factor cost (current US$)
The latest value for Gross value added at factor cost (current US$) in Korea was $1,499,270,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $1,577,960,000,000 in 2018 and $2,273,798,000 in 1961.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $3,679,378,000 |
| 1961 | $2,273,798,000 |
| 1962 | $2,613,395,000 |
| 1963 | $3,766,399,000 |
| 1964 | $3,310,842,000 |
| 1965 | $2,952,477,000 |
| 1966 | $3,675,610,000 |
| 1967 | $4,503,179,000 |
| 1968 | $5,597,578,000 |
| 1969 | $7,011,070,000 |
| 1970 | $8,213,872,000 |
| 1971 | $9,069,567,000 |
| 1972 | $10,070,500,000 |
| 1973 | $12,854,740,000 |
| 1974 | $17,910,350,000 |
| 1975 | $19,769,840,000 |
| 1976 | $26,874,380,000 |
| 1977 | $34,444,010,000 |
| 1978 | $46,346,490,000 |
| 1979 | $59,779,960,000 |
| 1980 | $58,329,850,000 |
| 1981 | $65,154,540,000 |
| 1982 | $69,986,320,000 |
| 1983 | $77,791,170,000 |
| 1984 | $87,213,950,000 |
| 1985 | $91,076,760,000 |
| 1986 | $105,281,000,000 |
| 1987 | $133,567,000,000 |
| 1988 | $180,790,000,000 |
| 1989 | $224,759,000,000 |
| 1990 | $256,206,000,000 |
| 1991 | $301,290,000,000 |
| 1992 | $323,519,000,000 |
| 1993 | $358,313,000,000 |
| 1994 | $422,152,000,000 |
| 1995 | $516,047,000,000 |
| 1996 | $553,346,000,000 |
| 1997 | $516,370,000,000 |
| 1998 | $351,635,000,000 |
| 1999 | $450,577,000,000 |
| 2000 | $519,895,000,000 |
| 2001 | $492,184,000,000 |
| 2002 | $562,180,000,000 |
| 2003 | $632,074,000,000 |
| 2004 | $720,122,000,000 |
| 2005 | $847,481,000,000 |
| 2006 | $955,414,000,000 |
| 2007 | $1,064,920,000,000 |
| 2008 | $951,400,000,000 |
| 2009 | $860,351,000,000 |
| 2010 | $1,040,630,000,000 |
| 2011 | $1,144,320,000,000 |
| 2012 | $1,168,410,000,000 |
| 2013 | $1,257,850,000,000 |
| 2014 | $1,362,510,000,000 |
| 2015 | $1,344,560,000,000 |
| 2016 | $1,372,830,000,000 |
| 2017 | $1,485,300,000,000 |
| 2018 | $1,577,960,000,000 |
| 2019 | $1,512,530,000,000 |
| 2020 | $1,499,270,000,000 |
Gross value added at factor cost (current LCU)
The value for Gross value added at factor cost (current LCU) in Korea was 1,769,530,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,769,530,000,000,000 in 2020 and a minimum value of 232,260,000,000 in 1960.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 232,260,000,000 |
| 1961 | 283,750,000,000 |
| 1962 | 339,740,000,000 |
| 1963 | 489,630,000,000 |
| 1964 | 708,010,000,000 |
| 1965 | 786,540,000,000 |
| 1966 | 997,340,000,000 |
| 1967 | 1,218,200,000,000 |
| 1968 | 1,548,570,000,000 |
| 1969 | 2,020,310,000,000 |
| 1970 | 2,550,900,000,000 |
| 1971 | 3,148,500,000,000 |
| 1972 | 3,956,600,000,000 |
| 1973 | 5,120,300,000,000 |
| 1974 | 7,244,200,000,000 |
| 1975 | 9,568,600,000,000 |
| 1976 | 13,007,200,000,000 |
| 1977 | 16,670,900,000,000 |
| 1978 | 22,431,700,000,000 |
| 1979 | 28,933,500,000,000 |
| 1980 | 35,431,300,000,000 |
| 1981 | 44,372,200,000,000 |
| 1982 | 51,165,600,000,000 |
| 1983 | 60,346,500,000,000 |
| 1984 | 70,292,700,000,000 |
| 1985 | 79,238,600,000,000 |
| 1986 | 92,799,700,000,000 |
| 1987 | 109,869,000,000,000 |
| 1988 | 132,243,000,000,000 |
| 1989 | 150,917,000,000,000 |
| 1990 | 181,332,000,000,000 |
| 1991 | 220,951,000,000,000 |
| 1992 | 252,555,000,000,000 |
| 1993 | 287,607,000,000,000 |
| 1994 | 339,178,000,000,000 |
| 1995 | 398,012,000,000,000 |
| 1996 | 445,139,000,000,000 |
| 1997 | 491,217,000,000,000 |
| 1998 | 492,795,000,000,000 |
| 1999 | 535,655,000,000,000 |
| 2000 | 587,980,000,000,000 |
| 2001 | 635,405,000,000,000 |
| 2002 | 703,338,000,000,000 |
| 2003 | 753,186,000,000,000 |
| 2004 | 824,770,000,000,000 |
| 2005 | 867,919,000,000,000 |
| 2006 | 912,221,000,000,000 |
| 2007 | 989,584,000,000,000 |
| 2008 | 1,048,490,000,000,000 |
| 2009 | 1,098,610,000,000,000 |
| 2010 | 1,203,040,000,000,000 |
| 2011 | 1,268,240,000,000,000 |
| 2012 | 1,316,180,000,000,000 |
| 2013 | 1,377,160,000,000,000 |
| 2014 | 1,434,660,000,000,000 |
| 2015 | 1,520,910,000,000,000 |
| 2016 | 1,593,080,000,000,000 |
| 2017 | 1,679,020,000,000,000 |
| 2018 | 1,736,540,000,000,000 |
| 2019 | 1,762,630,000,000,000 |
| 2020 | 1,769,530,000,000,000 |
Gross value added at factor cost (constant 2010 US$)
The latest value for Gross value added at factor cost (constant 2010 US$) in Korea was 1,491,300,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 1,505,250,000,000 in 2019 and 24,705,930,000 in 1960.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 24,705,930,000 |
| 1961 | 26,547,850,000 |
| 1962 | 27,492,190,000 |
| 1963 | 29,955,600,000 |
| 1964 | 32,858,110,000 |
| 1965 | 35,166,630,000 |
| 1966 | 39,343,330,000 |
| 1967 | 42,705,370,000 |
| 1968 | 48,074,380,000 |
| 1969 | 54,967,940,000 |
| 1970 | 60,154,840,000 |
| 1971 | 66,406,220,000 |
| 1972 | 71,294,230,000 |
| 1973 | 81,553,890,000 |
| 1974 | 89,064,080,000 |
| 1975 | 96,353,430,000 |
| 1976 | 107,918,000,000 |
| 1977 | 119,500,000,000 |
| 1978 | 131,562,000,000 |
| 1979 | 143,246,000,000 |
| 1980 | 141,494,000,000 |
| 1981 | 152,109,000,000 |
| 1982 | 164,531,000,000 |
| 1983 | 185,537,000,000 |
| 1984 | 204,860,000,000 |
| 1985 | 221,190,000,000 |
| 1986 | 246,210,000,000 |
| 1987 | 276,255,000,000 |
| 1988 | 309,387,000,000 |
| 1989 | 331,035,000,000 |
| 1990 | 362,723,000,000 |
| 1991 | 402,522,000,000 |
| 1992 | 428,637,000,000 |
| 1993 | 459,355,000,000 |
| 1994 | 500,853,000,000 |
| 1995 | 548,876,000,000 |
| 1996 | 591,874,000,000 |
| 1997 | 628,873,000,000 |
| 1998 | 599,201,000,000 |
| 1999 | 665,121,000,000 |
| 2000 | 724,486,000,000 |
| 2001 | 759,131,000,000 |
| 2002 | 819,749,000,000 |
| 2003 | 846,680,000,000 |
| 2004 | 891,376,000,000 |
| 2005 | 929,767,000,000 |
| 2006 | 979,418,000,000 |
| 2007 | 1,039,700,000,000 |
| 2008 | 1,074,810,000,000 |
| 2009 | 1,083,890,000,000 |
| 2010 | 1,156,930,000,000 |
| 2011 | 1,199,020,000,000 |
| 2012 | 1,228,290,000,000 |
| 2013 | 1,269,560,000,000 |
| 2014 | 1,308,880,000,000 |
| 2015 | 1,344,560,000,000 |
| 2016 | 1,382,450,000,000 |
| 2017 | 1,426,600,000,000 |
| 2018 | 1,470,230,000,000 |
| 2019 | 1,505,250,000,000 |
| 2020 | 1,491,300,000,000 |
Gross value added at factor cost (constant LCU)
The value for Gross value added at factor cost (constant LCU) in Korea was 1,686,900,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,702,670,000,000,000 in 2019 and a minimum value of 27,946,300,000,000 in 1960.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 27,946,300,000,000 |
| 1961 | 30,029,800,000,000 |
| 1962 | 31,098,000,000,000 |
| 1963 | 33,884,500,000,000 |
| 1964 | 37,167,700,000,000 |
| 1965 | 39,779,000,000,000 |
| 1966 | 44,503,500,000,000 |
| 1967 | 48,306,500,000,000 |
| 1968 | 54,379,700,000,000 |
| 1969 | 62,177,400,000,000 |
| 1970 | 68,044,600,000,000 |
| 1971 | 75,115,900,000,000 |
| 1972 | 80,645,000,000,000 |
| 1973 | 92,250,300,000,000 |
| 1974 | 100,746,000,000,000 |
| 1975 | 108,991,000,000,000 |
| 1976 | 122,073,000,000,000 |
| 1977 | 135,174,000,000,000 |
| 1978 | 148,818,000,000,000 |
| 1979 | 162,033,000,000,000 |
| 1980 | 160,052,000,000,000 |
| 1981 | 172,059,000,000,000 |
| 1982 | 186,111,000,000,000 |
| 1983 | 209,871,000,000,000 |
| 1984 | 231,729,000,000,000 |
| 1985 | 250,200,000,000,000 |
| 1986 | 278,502,000,000,000 |
| 1987 | 312,488,000,000,000 |
| 1988 | 349,965,000,000,000 |
| 1989 | 374,453,000,000,000 |
| 1990 | 410,297,000,000,000 |
| 1991 | 455,316,000,000,000 |
| 1992 | 484,856,000,000,000 |
| 1993 | 519,602,000,000,000 |
| 1994 | 566,543,000,000,000 |
| 1995 | 620,865,000,000,000 |
| 1996 | 669,503,000,000,000 |
| 1997 | 711,354,000,000,000 |
| 1998 | 677,790,000,000,000 |
| 1999 | 752,357,000,000,000 |
| 2000 | 819,508,000,000,000 |
| 2001 | 858,697,000,000,000 |
| 2002 | 927,265,000,000,000 |
| 2003 | 957,728,000,000,000 |
| 2004 | 1,008,290,000,000,000 |
| 2005 | 1,051,710,000,000,000 |
| 2006 | 1,107,880,000,000,000 |
| 2007 | 1,176,060,000,000,000 |
| 2008 | 1,215,780,000,000,000 |
| 2009 | 1,226,050,000,000,000 |
| 2010 | 1,308,670,000,000,000 |
| 2011 | 1,356,280,000,000,000 |
| 2012 | 1,389,380,000,000,000 |
| 2013 | 1,436,070,000,000,000 |
| 2014 | 1,480,550,000,000,000 |
| 2015 | 1,520,910,000,000,000 |
| 2016 | 1,563,770,000,000,000 |
| 2017 | 1,613,710,000,000,000 |
| 2018 | 1,663,060,000,000,000 |
| 2019 | 1,702,670,000,000,000 |
| 2020 | 1,686,900,000,000,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
