South Korea: Tax revenue

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. 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.