South Korea: Taxes on goods and services

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

, 1972 - 2019: For that indicator, we provide data for South Korea from 1972 to 2019. The average value for South Korea during that period was 34.17 percent with a minimum of 19.9 percent in 2019 and a maximum of 48.65 percent in 1975. The latest value from 2019 is 19.9 percent. For comparison, the world average in 2019 based on 114 countries is 32.26 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.