South Korea: Tax revenue

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.

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.