South Korea: Taxes on goods and services

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

South Korea: Taxes on goods and services, percent of total revenue

: For that indicator, we provide data for South Korea from 1972 to 2018. The average value for South Korea during that period was 34.47 percent with a minimum of 21.13 percent in 2018 and a maximum of 48.65 percent in 1975. The latest value from 2018 is 21.13 percent. For comparison, the world average in 2018 based on 116 countries is 33.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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.
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