South Korea: Tax revenue

* indicates monthly or quarterly data series
 South Korea

Tax revenue, percent of GDP

 Latest value 18.44
 Year 2022
 Measure percent
 Data availability 2012 - 2022
 Average 14.85
 Min - Max 13.16 - 18.44
 Source The World Bank
The latest value from 2022 is 18.44 percent, an increase from 16.73 percent in 2021. In comparison, the world average is 17.41 percent, based on data from 94 countries. Historically, the average for South Korea from 2012 to 2022 is 14.85 percent. The minimum value, 13.16 percent, was reached in 2015 while the maximum of 18.44 percent was recorded in 2022. 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 data
South Korea - Tax revenue - Recent values chart

Historical series
South Korea - Tax revenue - historical chart - 2012-2022




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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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 18.90 2023 percent
 Government spending, in dollars 323.69 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -1.60 2023 percent
 Government debt 46.90 2023 percent
 Government expenditure 106,513.00 Q3/2024 billion
 Long-term interest rate 2.77 12/2024 percent
 Tax revenue 18.44 2022 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 16.89 2022 percent
 Taxes on international trade 1.40 2022 percent
 Income and profits taxes 33.88 2022 percent
 Foreign aid -71.54 2004 million U.S. dollars
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