South Korea: Tax revenue, percent of GDP, 1972 - 2019:
For that indicator, we provide data for South Korea from 1972 to 2019. The average value for South Korea during that period was 13.55 percent with a minimum of 10.48 percent in 1973 and a maximum of 15.54 percent in 2018.
The latest value from 2019 is 15.2 percent. For comparison, the world average in 2019 based on 116
countries is 17.48 percent.
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* indicates monthly or quarterly data series
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Longer historical series
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.