South Korea: Taxes on goods and services

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. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.