The value added of computer, electronic, and optical products in South Korea has shown significant growth from 2013 to 2023, starting at 100.11 trillion South Korean Wons in 2013 and rising to 175.72 trillion South Korean Wons in 2023. The data from 2014 to 2023 reflects actual values, while from 2024 onwards, the figures are forecasted. The year-on-year variation has been notable, especially in 2017 with a 26.26% increase and in 2020 with a 9.42% increase. In comparison, 2022 saw a smaller year-on-year increase of 1.7%, and 2023 experienced a 3.52% rise. Analyzing the compound annual growth rate (CAGR) over the last five years shows an average annual growth of 3.44%.
The forecasted data suggests moderate but steady growth from 2024 to 2028, with a forecasted 5-year CAGR of 2.31% and an expected overall growth rate of 12.1% during this period. By 2028, the value added is anticipated to reach 203.93 trillion South Korean Wons.
Future trends to watch for include advancements in semiconductor technology, increased demand for consumer electronics, and potential disruptions from global supply chain issues. Monitoring innovation in these sectors and regulatory changes will be crucial for understanding future growth trajectories.