South Korea's GDP composition reflects a robust service sector, accounting for 40.47% in 2023, indicating moderate growth. The industrial sector, including Mining, Manufacturing, and Utilities, holds 32.86%, showing resilience amid global trade challenges. The Wholesale and Retail sector contributes 11.44%, aligning with steady consumer spending. Transport, Storage, and Communication account for 7.34%, driven by logistics and digital transformation. Construction maintains a 5.7% share, supported by urban development. Agriculture remains limited at 2.2%, unchanged, reflecting minimal growth.
Future trends to watch: South Korea's GDP composition may evolve with technological advancements in services and manufacturing, potential shifts in trade policies, and a focus on sustainable development influencing industrial and construction sectors. Continued innovation in transport and communication could drive further expansion in these areas.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 40.47 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 32.86 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 11.44 | 2016 | |
| 4 | 4 Transport, storage and communication | 7.34 | 2016 | |
| 5 | 5 Construction | 5.7 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.2 | 2016 |
