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
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 33.57
 Min - Max 18.68 - 48.65
 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 104 countries is 33.72 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Taxes on goods and services - Recent values chart

Historical chart
South Korea - Taxes on goods and services - historical chart - 1972-2021




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.

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 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 101,925.60 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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