South Korea: Tax revenue

* indicates monthly or quarterly data series
 South Korea

Tax revenue, percent of GDP

 Latest value 16.73
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 13.64
 Min - Max 10.48 - 16.73
 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 16.73 percent in 2021. The latest value from 2021 is 16.73 percent. For comparison, the world average in 2021 based on 105 countries is 17.48 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
South Korea - Tax revenue - Recent values chart

Historical chart
South Korea - Tax revenue - historical chart - 1972-2021

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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 18.77 2022 percent
 Government spending, in dollars 314.15 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.00 2022 percent
 Government debt 49.40 2022 percent
 Government expenditure 102,117.30 Q3/2023 billion
 Long-term government bond yield 3.95 9/2023 percent
 Tax revenue 16.73 2021 percent
 Commercial tax rate 33.20 2019 percent
 Tax preparation time 174 2019 hours
 Number of taxes 12 2019 taxes
 Taxes on goods and services 18.68 2021 percent
 Taxes on international trade 1.38 2021 percent
 Income and profits taxes 30.40 2021 percent
 Foreign aid -71.54 2004 million U.S. dollars
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