Revenue from corporate income taxes as a share of GDP in Korea
Korea: Revenue from corporate income taxes as a share of GDP was 3.8% in 2017. ▲ Rising
Latest (2017)
3.8%
Change on year
up 7.0%
World rank
39th
of 163 countries
All-time high
3.9%
in 2008
All-time low
1.6%
in 1986
Years of data
38
1980–2017
Revenue from corporate income taxes as a share of GDP in Korea, 1980–2017
Source: International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data. Measured in %.
Analysis
In 2017, revenue from corporate income taxes as a share of gdp in Korea stood at 3.8%.
That represents a change of up 7.0% on the previous year and up 2.6% over ten years.
Over the whole period, revenue from corporate income taxes as a share of gdp in Korea peaked at 3.9% in 2008 and was at its lowest, 1.6%, in 1986.
Korea ranks 39th of 163 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 38 years of available data.
Revenue from corporate income taxes as a share of GDP in Korea, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 1.9% | — |
| 1981 | 1.9% | +1.3% |
| 1982 | 1.9% | +2.4% |
| 1983 | 1.7% | -10.6% |
| 1984 | 1.7% | -3.6% |
| 1985 | 1.8% | +8.0% |
| 1986 | 1.6% | -9.3% |
| 1987 | 2.0% | +20.9% |
| 1988 | 2.1% | +4.1% |
| 1989 | 2.6% | +27.2% |
| 1990 | 2.4% | -8.2% |
| 1991 | 2.0% | -15.8% |
| 1992 | 2.3% | +14.4% |
| 1993 | 2.0% | -12.6% |
| 1994 | 2.2% | +6.5% |
| 1995 | 2.2% | +3.2% |
| 1996 | 2.2% | -1.9% |
| 1997 | 1.9% | -12.3% |
| 1998 | 2.2% | +15.9% |
| 1999 | 1.8% | -20.7% |
| 2000 | 3.0% | +72.4% |
| 2001 | 2.7% | -11.9% |
| 2002 | 2.8% | +4.7% |
| 2003 | 3.5% | +24.1% |
| 2004 | 3.1% | -9.8% |
| 2005 | 3.6% | +14.7% |
| 2006 | 3.4% | -6.2% |
| 2007 | 3.7% | +10.8% |
| 2008 | 3.9% | +5.2% |
| 2009 | 3.4% | -13.2% |
| 2010 | 3.2% | -5.4% |
| 2011 | 3.7% | +15.3% |
| 2012 | 3.7% | -0.9% |
| 2013 | 3.4% | -8.0% |
| 2014 | 3.2% | -7.0% |
| 2015 | 3.3% | +4.4% |
| 2016 | 3.6% | +8.7% |
| 2017 | 3.8% | +7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.9% | 1.6% | 2.6% | 10 |
| 1990s | 2.1% | 1.8% | 2.4% | 10 |
| 2000s | 3.3% | 2.7% | 3.9% | 10 |
| 2010s | 3.5% | 3.2% | 3.8% | 8 |
Countries ranked near Korea
More economy & growth data for Korea
- Households and NPISHs Final consumption expenditure (current LCU) 3.17 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 683.09 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 24.75 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4928 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 17,853 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate -0.6167 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.6567 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 23,790 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is revenue from corporate income taxes as a share of gdp in Korea?
- Revenue from corporate income taxes as a share of gdp in Korea was 3.8% in 2017, according to International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data.
- What is the highest revenue from corporate income taxes as a share of gdp recorded in Korea?
- The highest recorded value was 3.9% in 2008.
- What is the lowest revenue from corporate income taxes as a share of gdp recorded in Korea?
- The lowest recorded value was 1.6% in 1986.
- How does Korea rank for revenue from corporate income taxes as a share of gdp?
- Korea ranks 39th out of 163 countries with data for 2017.
- Is revenue from corporate income taxes as a share of gdp rising or falling in Korea?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data, published as part of Revenue from corporate income taxes as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Corporate income taxes include natural resources taxes.