GDP South Korea 2024, by industry

Published by L. Yoon, Feb 10, 2025

In 2024, the gross domestic product (GDP) produced from the manufacturing sector in South Korea amounted to approximately 611 trillion South Korean won, being the most valuable sector by far compared to other sectors of the country. However, when looking at the combined GDP of all service industry sectors, their total exceeded 1,000 trillion won. This indicates that the service sector collectively plays a crucial role in driving the country's economic growth.

Real gross domestic product (GDP) of South Korea in 2024, by industry (in trillion South Korean won)

CharacteristicGDP in trillion South Korean won
Manufacturing 610.55
Wholesale and retail trade; accommodation and food service activities 225.66
Business activities 165.51
Real estate 164.39
Public administration and defence; compulsory social security 144.69
Human health and social work activities 129.74
Finance and insurance 126
Construction 110.62
Information and communication 102.16
Transportation 100.66
Education 100.14
Cultural and other services 56.94
Electricity, gas, and water supply 48.96
Showing entries 1 to 13 (15 entries in total)
Created with Highcharts 7.2.2GDP in trillion South Korean won610.55610.55225.66225.66165.51165.51164.39164.39144.69144.69129.74129.74126126110.62110.62102.16102.16100.66100.66100.14100.1456.9456.9448.9648.9633.1833.181.651.65ManufacturingWholesale and retail trade; accommodation and food service activitiesBusiness activitiesReal estatePublic administration and defence; compulsory social securityHuman health and social work activitiesFinance and insuranceConstructionInformation and communicationTransportationEducationCultural and other servicesElectricity, gas, and water supplyAgriculture, forestry, and fishingMining and quarrying
050100150200250300350400450500550600650700

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Release date

January 2025

Region

South Korea

Survey time period

2024

Special properties

real GDP

Supplementary notes

1,000 South Korean won equals 0.68 U.S. dollars or 0.67 euros as of February 2025.

Figures have been rounded.

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