Tax revenue as a proportion of GDP in Korea
Korea: Tax revenue as a proportion of GDP was 14.6% in 2023. ▲ Rising
Latest (2023)
14.6%
Change on year
down 14.9%
World rank
97th
of 164 countries
All-time high
17.2%
in 2022
All-time low
12.5%
in 2004
Years of data
24
2000–2023
Tax revenue as a proportion of GDP in Korea, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, tax revenue as a proportion of gdp in Korea stood at 14.6%.
The figure is down 14.9% on the previous year and up 12.1% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Korea peaked at 17.2% in 2022 and was at its lowest, 12.5%, in 2004.
That places Korea 97th out of 164 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Tax revenue as a proportion of GDP in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 13.8% | — |
| 2001 | 13.1% | -4.9% |
| 2002 | 12.8% | -2.2% |
| 2003 | 13.2% | +3.3% |
| 2004 | 12.5% | -5.4% |
| 2005 | 12.8% | +2.5% |
| 2006 | 13.2% | +3.1% |
| 2007 | 14.2% | +7.8% |
| 2008 | 13.9% | -2.3% |
| 2009 | 13.1% | -5.8% |
| 2010 | 12.9% | -1.7% |
| 2011 | 13.3% | +3.1% |
| 2012 | 13.5% | +1.5% |
| 2013 | 13.0% | -3.3% |
| 2014 | 12.6% | -3.0% |
| 2015 | 12.5% | -0.8% |
| 2016 | 13.3% | +6.0% |
| 2017 | 13.8% | +3.6% |
| 2018 | 14.7% | +6.8% |
| 2019 | 14.3% | -2.4% |
| 2020 | 14.0% | -2.3% |
| 2021 | 15.7% | +11.8% |
| 2022 | 17.2% | +9.5% |
| 2023 | 14.6% | -14.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.3% | 12.5% | 14.2% | 10 |
| 2010s | 13.4% | 12.5% | 14.7% | 10 |
| 2020s | 15.4% | 14.0% | 17.2% | 4 |
Countries ranked near Korea
- 94 Saint Kitts and Nevis 15.0% compare
- 95 Spain 15.0% compare
- 96 Dominican Republic 14.7% compare
- 97 Republic of Korea 14.6% compare
- 99 Canada 14.2% compare
- 100 Mexico 14.2% compare
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is tax revenue as a proportion of gdp in Korea?
- Tax revenue as a proportion of gdp in Korea was 14.6% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Korea?
- The highest recorded value was 17.2% in 2022.
- What is the lowest tax revenue as a proportion of gdp recorded in Korea?
- The lowest recorded value was 12.5% in 2004.
- How does Korea rank for tax revenue as a proportion of gdp?
- Korea ranks 97th out of 164 countries with data for 2023.
- Is tax revenue as a proportion of gdp rising or falling in Korea?
- Over the last ten years it is up 12.1%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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