South Korea: Fiscal freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

South Korea: Fiscal freedom index (0-100)

: For that indicator, we provide data for South Korea from 1995 to 2020. The average value for South Korea during that period was 71 points with a minimum of 63 points in 1995 and a maximum of 74 points in 2003. The latest value from 2020 is 64 points. For comparison, the world average in 2020 based on 178 countries is 77 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Fiscal Freedom index for South Korea from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.

Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.
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