ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Republic of Korea
Republic of Korea: ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) was 18,177 USD in 2024. ▲ Rising
ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Republic of Korea, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, ilo - modelled estimates; faostat - value added (2015 us$) in Republic of Korea stood at 18,177 USD.
The figure is up 4.3% on the previous year and down 15.1% over ten years.
Over the whole period, ilo - modelled estimates; faostat - value added (2015 us$) in Republic of Korea peaked at 21,554 USD in 2015 and was at its lowest, 6,677 USD, in 1991.
That places Republic of Korea 50th out of 168 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Republic of Korea, year by year
| Year | USD | Change |
|---|---|---|
| 1991 | 6,677 USD | — |
| 1992 | 8,313 USD | +24.5% |
| 1993 | 8,219 USD | -1.1% |
| 1994 | 8,596 USD | +4.6% |
| 1995 | 9,584 USD | +11.5% |
| 1996 | 10,342 USD | +7.9% |
| 1997 | 11,004 USD | +6.4% |
| 1998 | 9,685 USD | -12.0% |
| 1999 | 10,628 USD | +9.7% |
| 2000 | 10,558 USD | -0.7% |
| 2001 | 10,963 USD | +3.8% |
| 2002 | 11,121 USD | +1.4% |
| 2003 | 11,188 USD | +0.6% |
| 2004 | 12,925 USD | +15.5% |
| 2005 | 13,677 USD | +5.8% |
| 2006 | 14,423 USD | +5.5% |
| 2007 | 15,651 USD | +8.5% |
| 2008 | 17,034 USD | +8.8% |
| 2009 | 18,226 USD | +7.0% |
| 2010 | 18,448 USD | +1.2% |
| 2011 | 18,536 USD | +0.5% |
| 2012 | 18,673 USD | +0.7% |
| 2013 | 19,562 USD | +4.8% |
| 2014 | 21,411 USD | +9.5% |
| 2015 | 21,554 USD | +0.7% |
| 2016 | 21,127 USD | -2.0% |
| 2017 | 21,284 USD | +0.7% |
| 2018 | 20,177 USD | -5.2% |
| 2019 | 19,963 USD | -1.1% |
| 2020 | 17,986 USD | -9.9% |
| 2021 | 18,487 USD | +2.8% |
| 2022 | 17,786 USD | -3.8% |
| 2023 | 17,428 USD | -2.0% |
| 2024 | 18,177 USD | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9,228 USD | 6,677 USD | 11,004 USD | 9 |
| 2000s | 13,577 USD | 10,558 USD | 18,226 USD | 10 |
| 2010s | 20,073 USD | 18,448 USD | 21,554 USD | 10 |
| 2020s | 17,973 USD | 17,428 USD | 18,487 USD | 5 |
Countries ranked near Republic of Korea
More agriculture & rural data for Republic of Korea
- Milk, Total — Milk Animals, annual growth rate 0.3806 % change on previous year (2024)
- Oilcrops, Cake Equivalent — Area harvested, annual growth rate 2.53 % change on previous year (2024)
- Oilcrops, Cake Equivalent — Yield, annual growth rate 4.36 % change on previous year (2024)
- Oilcrops, Cake Equivalent — Production, annual growth rate 7 % change on previous year (2024)
- Oilcrops, Oil Equivalent — Area harvested, annual growth rate 2.53 % change on previous year (2024)
- Oilcrops, Oil Equivalent — Yield, annual growth rate 2.56 % change on previous year (2024)
- Oilcrops, Oil Equivalent — Production, annual growth rate 5.16 % change on previous year (2024)
- Poultry Birds — Stocks, annual growth rate -1.61 % change on previous year (2024)
- Pulses, Total — Area harvested, annual growth rate -10.59 % change on previous year (2024)
- Pulses, Total — Yield, annual growth rate 0.8905 % change on previous year (2024)
Frequently asked questions
- What is ilo - modelled estimates; faostat - value added (2015 us$) in Republic of Korea?
- Ilo - modelled estimates; faostat - value added (2015 us$) in Republic of Korea was 18,177 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest ilo - modelled estimates; faostat - value added (2015 us$) recorded in Republic of Korea?
- The highest recorded value was 21,554 USD in 2015.
- What is the lowest ilo - modelled estimates; faostat - value added (2015 us$) recorded in Republic of Korea?
- The lowest recorded value was 6,677 USD in 1991.
- How does Republic of Korea rank for ilo - modelled estimates; faostat - value added (2015 us$)?
- Republic of Korea ranks 50th out of 168 countries with data for 2024.
- Is ilo - modelled estimates; faostat - value added (2015 us$) rising or falling in Republic of Korea?
- Over the last ten years it is down 15.1%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) — Agriculture value added per worker (constant 2015 US$) — Value. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Employment indicators domain focuses on indicators related to employment in agrifood systems and rural areas. The update is performed yearly, using data from the International Labour Organization (ILO) database that contains a rich set of indicators from a wide range of topics related to labour statistics. The indicators published in FAOSTAT are derived from the labour force statistics (LFS) and rural and urban labour markets (RURURB) databases of the ILOSTAT database. In addition, the ILO modelled estimates and projections (ILOEST) are used to provide information on employment in agriculture. FAOSTAT also publishes indicators on employment in agrifood systems (AFS) from 2000 at the national, regional, and global levels, using a methodology developed by the FAO to estimate the number of people employed within these systems.