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)
Characteristic
GDP 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
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Bank of Korea. (January 23, 2025). Real gross domestic product (GDP) of South Korea in 2024, by industry (in trillion South Korean won) [Graph]. In Statista. Retrieved May 05, 2025, from https://www.statista.com/statistics/1200219/south-korea-gdp-by-sector/
Bank of Korea. "Real gross domestic product (GDP) of South Korea in 2024, by industry (in trillion South Korean won)." Chart. January 23, 2025. Statista. Accessed May 05, 2025. https://www.statista.com/statistics/1200219/south-korea-gdp-by-sector/
Bank of Korea. (2025). Real gross domestic product (GDP) of South Korea in 2024, by industry (in trillion South Korean won). Statista. Statista Inc.. Accessed: May 05, 2025. https://www.statista.com/statistics/1200219/south-korea-gdp-by-sector/
Bank of Korea. "Real Gross Domestic Product (Gdp) of South Korea in 2024, by Industry (in Trillion South Korean Won)." Statista, Statista Inc., 23 Jan 2025, https://www.statista.com/statistics/1200219/south-korea-gdp-by-sector/
Bank of Korea, Real gross domestic product (GDP) of South Korea in 2024, by industry (in trillion South Korean won) Statista, https://www.statista.com/statistics/1200219/south-korea-gdp-by-sector/ (last visited May 05, 2025)
Real gross domestic product (GDP) of South Korea in 2024, by industry (in trillion South Korean won) [Graph], Bank of Korea, January 23, 2025. [Online]. Available: https://www.statista.com/statistics/1200219/south-korea-gdp-by-sector/
