South Korea: Tax revenue

* indicates monthly or quarterly data series
 South Korea

Tax revenue, percent of GDP

 Latest value 16.8
 Reference 2021
 Measure percent
 Source The World Bank

For that indicator, we provide data for South Korea from 1972 to 2021. The average value for South Korea during that period was 13.64 percent with a minimum of 10.48 percent in 1973 and a maximum of 16.8 percent in 2021. The latest value from 2021 is 16.8 percent. For comparison, the world average in 2021 based on 94 countries is 18.01 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

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Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
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