Tax revenue as a proportion of GDP in Republic of Korea
Republic of Korea: Tax revenue as a proportion of GDP was 14.6% in 2023. ▲ Rising
Tax revenue as a proportion of GDP in Republic of Korea, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for tax revenue as a proportion of gdp in Republic of Korea is 14.6%, measured in 2023.
That represents a change of 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 Republic of Korea peaked at 17.2% in 2022 and was at its lowest, 12.5%, in 2004.
That places Republic of 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 Republic of 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 Republic of Korea
- 94 Saint Kitts and Nevis 15.0% compare
- 95 Spain 15.0% compare
- 96 Dominican Republic 14.7% compare
- 97 South Korea 14.6% compare
- 99 Canada 14.2% compare
- 100 Mexico 14.2% compare
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is tax revenue as a proportion of gdp in Republic of Korea?
- Tax revenue as a proportion of gdp in Republic of 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 Republic of Korea?
- The highest recorded value was 17.2% in 2022.
- What is the lowest tax revenue as a proportion of gdp recorded in Republic of Korea?
- The lowest recorded value was 12.5% in 2004.
- How does Republic of Korea rank for tax revenue as a proportion of gdp?
- Republic of Korea ranks 97th out of 164 countries with data for 2023.
- Is tax revenue as a proportion of gdp rising or falling in Republic of Korea?
- Over the last ten years it is up 12.1%. The long-run trend across the full record is rising.
- Where does this Republic of 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
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).