Throughout the years 2013 to 2023, South Korea's manufacturing sector's contribution to GDP has shown a decreasing trend, falling from 30.97% in 2013 to 29.72% in 2023. This represents a slight stabilization around 29.6% from 2017 onwards. The forecast for 2024 to 2028 shows a consistent minor increase, with the contribution expected to reach 29.82% by 2028.

Year-on-year variations indicate incremental increases of 0.02% annually from 2020 to 2023. The forecasted Compound Annual Growth Rate (CAGR) over the next five years is 0.05%, with an overall growth rate of 0.27% by 2028.

Future trends to watch for:

Potential impacts of technological advancements and automation on the manufacturing sector’s productivity.
Shifts in global trade policies and their effects on South Korea’s manufacturing exports.
Investments in sustainable manufacturing processes in response to global climate change initiatives.
Influence of geopolitical tensions, particularly in the Asia-Pacific region, on supply chains.