
South Korea: Taxes on goods and services
* indicates monthly or quarterly data series
South Korea |
Taxes on goods and services, percent of total revenue |
---|---|
Latest value | 18.68 |
Reference | 2021 |
Measure | percent |
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 33.57 percent with a minimum of 18.68 percent in 2021 and a maximum of 48.65 percent in 1975.
The latest value from 2021 is 18.68 percent. For comparison, the world average in 2021 based on 99
countries is 33.64 percent.
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* indicates monthly or quarterly data series
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Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.