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 16.89
 Year 2022
 Measure percent
 Data availability 2012 - 2022
 Average 20.64
 Min - Max 16.89 - 22.47
 Source The World Bank
The latest value from 2022 is 16.89 percent, a decline from 18.68 percent in 2021. In comparison, the world average is 37.61 percent, based on data from 95 countries. Historically, the average for South Korea from 2012 to 2022 is 20.64 percent. The minimum value, 16.89 percent, was reached in 2022 while the maximum of 22.47 percent was recorded in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


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

Historical series
South Korea - Taxes on goods and services - historical chart - 2012-2022




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 Reference Measure
 Government spending, percent of GDP 18.90 2023 percent
 Government spending, in dollars 323.69 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -1.60 2023 percent
 Government debt 46.90 2023 percent
 Government expenditure 106,513.00 Q3/2024 billion
 Long-term interest rate 2.77 12/2024 percent
 Tax revenue 18.44 2022 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 16.89 2022 percent
 Taxes on international trade 1.40 2022 percent
 Income and profits taxes 33.88 2022 percent
 Foreign aid -71.54 2004 million U.S. dollars
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