Agriculture Sector Contribution to GDP in South Korea (1990-2022)

Agriculture Sector Contribution to GDP in South Korea (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in South Korea (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: South Korea
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
South Korea’s agriculture sector contributed 7.6% to GDP in 1990 but steadily declined to 1.6% by 2022, paralleling the country’s rapid industrialization. As South Korea advanced in technology and manufacturing, agriculture’s relative contribution reduced significantly. By the 2000s, agriculture’s share stabilized below 3%, reflecting increased urbanization and reduced arable land.

The slight rise to 1.9% in 2021 may relate to increased food demand during the pandemic, underscoring agriculture’s ongoing importance for food security, despite its minimal GDP share in South Korea’s highly industrialized economy.

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