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

South Korea’s industry sector has consistently maintained a high contribution to GDP, peaking in the 1990s with values over 35%. Post-2000s, a slight decline aligned with the shift towards high-tech services, yet the industry’s share stabilized around 32-34%, reflecting continued strength in manufacturing, particularly electronics and automobiles. The minor decline to 31.7% in 2022 highlights South Korea’s balance of industrial strength with growth in digital and knowledge-based sectors, positioning it as a leading industrial powerhouse in Asia with diversified economic pillars.