Republic of Korea - Service exports in current prices

130,181,000,000 (US dollars) in 2022

In 2022, service exports for Republic of Korea was 130,181 million US dollars. Service exports of Republic of Korea increased from 35,760 million US dollars in 2003 to 130,181 million US dollars in 2022 growing at an average annual rate of 8.04%.

The description is composed by our digital data assistant.
What is service exports?

Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993)

What is Republic of Korea service exports?