South Korea: Taxes on international trade
* indicates monthly or quarterly data series
| South Korea |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 1.40 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2012 - 2022 |
| Average | 1.83 |
| Min - Max | 1.30 - 2.76 |
| Source | The World Bank |
The latest value from 2022 is 1.4 percent, an increase from 1.38 percent in 2021. In comparison, the world average is 6.13 percent, based on data from 74 countries. Historically, the average for South Korea from 2012 to 2022 is 1.83 percent. The minimum value, 1.3 percent, was reached in 2020 while the maximum of 2.76 percent was recorded in 2013.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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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 | 109,050.90 | Q4/2024 | billion |
| Long-term interest rate | 2.80 | 3/2025 | 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 |