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

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

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in South Korea (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: South Korea
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
South Korea's manufacturing sector contribution has consistently been high, reflecting the country's focus on industrialization and export-driven growth. Starting at 25% in 1990, the sector peaked at 28.2% in 2011, driven by sectors like electronics and automotive. Recent shifts to technology and high-value goods have kept the sector strong, with manufacturing's share remaining robust at 25.6% in 2022. South Korea’s strategic support for high-tech industries and innovation continues to reinforce its manufacturing base in the global economy.

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