Service Industry and Public Utilities

Sang-Cheol Lee ()
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Sang-Cheol Lee: SungKongHoe University

Chapter Chapter 13 in Historical Statistics of Korea, 2022, pp 689-722 from Springer

Abstract: Abstract Consistent with the Kuznets facts, the GDP share of public utilities and services grew consistently in Korea during the past century, which was matched by the exodus of productive factors out of agriculture and by the stagnation in the output share of manufacturing since the late 1980s, following more than seven decades of industrialization. Despite the consistent rise in importance, the data availability for service sector remains limited to South Korea, primarily because only in 1968 did the government start to collect information on service production. Moreover, the public survey referred only to domestic commerce until 1981, when it was expanded to cover all branches of the sector.

Date: 2022
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DOI: 10.1007/978-981-15-3874-2_13

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