South Korea Manufacturing Output 1960-2024

Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
  • South Korea manufacturing output for 2023 was $416.39B, a 2.95% decline from 2022.
  • South Korea manufacturing output for 2022 was $429.06B, a 7.42% decline from 2021.
  • South Korea manufacturing output for 2021 was $463.45B, a 13.74% increase from 2020.
  • South Korea manufacturing output for 2020 was $407.47B, a 2.18% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Germany $844.93B
South Korea $416.39B
Italy $354.72B
France $294.47B
United Kingdom $284.06B
Ireland $186.52B
Spain $181.59B
Switzerland $160.23B
Saudi Arabia $157.88B
Poland $131.71B
Netherlands $130.23B
Argentina $104.39B
Australia $92.89B
Singapore $88.50B
Austria $80.82B
Sweden $77.46B
Belgium $75.08B
Czech Republic $70.73B
Denmark $56.28B
Puerto Rico $53.77B
Finland $44.97B
Hungary $36.40B
Portugal $34.30B
Chile $30.89B
Norway $29.46B
Slovak Republic $28.61B
Greece $21.08B
Slovenia $13.54B
Lithuania $11.08B
Croatia $8.76B
Bahrain $8.57B
Uruguay $7.30B
Latvia $5.19B
Estonia $5.18B
Panama $3.90B
Luxembourg $3.03B
Iceland $2.88B
Brunei $2.82B
Cyprus $1.69B
Malta $1.42B
Bahamas $0.14B
Seychelles $0.12B
Antigua and Barbuda $0.05B
St. Kitts and Nevis $0.04B
South Korea Manufacturing Output - Historical Data
Year Billions of US $ % of GDP
2023 $416.39B 24.31%
2022 $429.06B 25.63%
2021 $463.45B 25.49%
2020 $407.47B 24.78%
2019 $416.53B 25.22%
2018 $459.61B 26.64%
2017 $437.35B 26.95%
2016 $395.28B 26.36%
2015 $390.05B 26.61%
2014 $401.44B 27.04%
2013 $380.84B 27.79%
2012 $355.70B 27.83%
2011 $353.89B 28.24%
2010 $313.81B 27.44%
2009 $243.30B 25.77%
2008 $268.35B 25.62%
2007 $298.82B 25.48%
2006 $266.52B 25.31%
2005 $240.62B 25.74%
2004 $207.16B 26.12%
2003 $169.52B 24.12%
2002 $153.59B 24.49%
2001 $136.25B 24.88%
2000 $152.39B 26.45%
1999 $127.73B 25.67%
1998 $97.62B 25.47%
1997 $140.51B 24.66%
1996 $150.74B 24.71%
1995 $146.19B 25.80%
1994 $117.31B 25.30%
1993 $96.76B 24.64%
1992 $86.79B 24.41%
1991 $83.29B 25.19%
1990 $70.90B 25.02%
1989 $65.67B 26.60%
1988 $55.09B 27.60%
1987 $39.54B 26.73%
1986 $29.73B 25.45%
1985 $24.54B 24.23%
1984 $23.96B 24.57%
1983 $20.16B 22.97%
1982 $17.11B 21.84%
1981 $15.92B 21.83%
1980 $14.38B 21.99%
1979 $14.49B 21.65%
1978 $10.99B 21.14%
1977 $8.10B 21.07%
1976 $6.41B 21.45%
1975 $4.39B 20.13%
1974 $4.08B 20.86%
1973 $2.98B 21.49%
1972 $2.03B 18.73%
1971 $1.65B 16.67%
1970 $1.56B 17.36%
1969 $1.31B 17.07%
1968 $1.05B 17.15%
1967 $0.82B 16.81%
1966 $0.66B 16.70%
1965 $0.53B 17.10%
1964 $0.49B 14.25%
1963 $0.51B 12.84%
1962 $0.33B 11.70%
1961 $0.29B 11.97%
1960 $0.45B 11.40%