Taxes less subsidies on products (constant LCU), annual growth rate in South Korea
South Korea: Taxes less subsidies on products (constant LCU), annual growth rate was -1.12 % change on previous year in 2025. ◆ Volatile
Latest (2025)
-1.12 % change on previous year
Change on year
down 188.8%
World rank
168th
of 188 countries
All-time high
26.57 % change on previous year
in 1977
All-time low
-9.11 % change on previous year
in 1998
Years of data
65
1961–2025
Taxes less subsidies on products (constant LCU), annual growth rate in South Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), annual growth rate in South Korea is -1.12 % change on previous year, measured in 2025.
That represents a change of down 188.8% on the previous year and down 130.0% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in South Korea peaked at 26.57 % change on previous year in 1977 and was at its lowest, -9.11 % change on previous year, in 1998.
That places South Korea 168th out of 188 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 0.0805 % change on previous year | — |
| 1962 | 9.24 % change on previous year | +11383.1% |
| 1963 | 9.81 % change on previous year | +6.2% |
| 1964 | 5.83 % change on previous year | -40.6% |
| 1965 | 13.85 % change on previous year | +137.8% |
| 1966 | 14.05 % change on previous year | +1.4% |
| 1967 | 16.83 % change on previous year | +19.8% |
| 1968 | 20.74 % change on previous year | +23.2% |
| 1969 | 16.95 % change on previous year | -18.3% |
| 1970 | 16.52 % change on previous year | -2.5% |
| 1971 | 12.14 % change on previous year | -26.5% |
| 1972 | 5.62 % change on previous year | -53.7% |
| 1973 | 21.35 % change on previous year | +279.8% |
| 1974 | 13.32 % change on previous year | -37.6% |
| 1975 | 4.06 % change on previous year | -69.5% |
| 1976 | 25.18 % change on previous year | +519.7% |
| 1977 | 26.57 % change on previous year | +5.5% |
| 1978 | 18.35 % change on previous year | -31.0% |
| 1979 | 6.95 % change on previous year | -62.1% |
| 1980 | -5.17 % change on previous year | -174.5% |
| 1981 | 5.14 % change on previous year | -199.3% |
| 1982 | 9.77 % change on previous year | +90.2% |
| 1983 | 18.47 % change on previous year | +89.0% |
| 1984 | 11.62 % change on previous year | -37.1% |
| 1985 | 6.72 % change on previous year | -42.2% |
| 1986 | 11.47 % change on previous year | +70.7% |
| 1987 | 17.47 % change on previous year | +52.3% |
| 1988 | 11.94 % change on previous year | -31.6% |
| 1989 | 7.8 % change on previous year | -34.7% |
| 1990 | 12.97 % change on previous year | +66.3% |
| 1991 | 8.94 % change on previous year | -31.1% |
| 1992 | 3.23 % change on previous year | -63.9% |
| 1993 | 3.96 % change on previous year | +22.4% |
| 1994 | 11.72 % change on previous year | +196.1% |
| 1995 | 9.88 % change on previous year | -15.6% |
| 1996 | 8.47 % change on previous year | -14.3% |
| 1997 | 5.39 % change on previous year | -36.4% |
| 1998 | -9.11 % change on previous year | -269.1% |
| 1999 | 16.63 % change on previous year | -282.6% |
| 2000 | 10.36 % change on previous year | -37.7% |
| 2001 | 5.5 % change on previous year | -46.9% |
| 2002 | 5.42 % change on previous year | -1.5% |
| 2003 | 1.96 % change on previous year | -63.9% |
| 2004 | 4.47 % change on previous year | +128.4% |
| 2005 | 4.32 % change on previous year | -3.2% |
| 2006 | 4.53 % change on previous year | +4.7% |
| 2007 | 2.33 % change on previous year | -48.5% |
| 2008 | -0.5885 % change on previous year | -125.2% |
| 2009 | 0.2766 % change on previous year | -147.0% |
| 2010 | 7.49 % change on previous year | +2606.5% |
| 2011 | 4.17 % change on previous year | -44.3% |
| 2012 | 2 % change on previous year | -52.1% |
| 2013 | 1.09 % change on previous year | -45.4% |
| 2014 | 4.37 % change on previous year | +301.2% |
| 2015 | 3.74 % change on previous year | -14.5% |
| 2016 | 4.38 % change on previous year | +17.1% |
| 2017 | 2.65 % change on previous year | -39.4% |
| 2018 | 1.23 % change on previous year | -53.6% |
| 2019 | 0.6747 % change on previous year | -45.2% |
| 2020 | 1.15 % change on previous year | +70.1% |
| 2021 | 5.09 % change on previous year | +343.9% |
| 2022 | -2.32 % change on previous year | -145.6% |
| 2023 | -3.58 % change on previous year | +54.1% |
| 2024 | 1.26 % change on previous year | -135.2% |
| 2025 | -1.12 % change on previous year | -188.8% |
South Korea compared with similar countries
- South Korea's -1.12 % change on previous year is below the median for high income countries, which is 2.19 % change on previous year. (66 countries reporting)
- South Korea's -1.12 % change on previous year is below the median for East Asia & Pacific, which is 3.54 % change on previous year. (24 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), annual growth rate in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | +11383.1% | 0.0805 % change on previous year | 9.24 % change on previous year |
| 2010 | +2606.5% | 0.2766 % change on previous year | 7.49 % change on previous year |
| 1976 | +519.7% | 4.06 % change on previous year | 25.18 % change on previous year |
| 2021 | +343.9% | 1.15 % change on previous year | 5.09 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.93 % change on previous year | 0.0805 % change on previous year | 20.74 % change on previous year | 9 |
| 1970s | 15.01 % change on previous year | 4.06 % change on previous year | 26.57 % change on previous year | 10 |
| 1980s | 9.52 % change on previous year | -5.17 % change on previous year | 18.47 % change on previous year | 10 |
| 1990s | 7.21 % change on previous year | -9.11 % change on previous year | 16.63 % change on previous year | 10 |
| 2000s | 3.86 % change on previous year | -0.5885 % change on previous year | 10.36 % change on previous year | 10 |
| 2010s | 3.18 % change on previous year | 0.6747 % change on previous year | 7.49 % change on previous year | 10 |
| 2020s | 0.0793 % change on previous year | -3.58 % change on previous year | 5.09 % change on previous year | 6 |
Countries ranked near South Korea
- 165 Spain -0.4997 % change on previous year compare
- 166 Brunei -0.6694 % change on previous year compare
- 167 Papua New Guinea -0.7282 % change on previous year compare
- 169 Kuwait -1.68 % change on previous year compare
- 170 Macao -1.76 % change on previous year compare
- 171 New Zealand -2.2 % change on previous year compare
More economy & growth data for South 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 taxes less subsidies on products (constant lcu), annual growth rate in South Korea?
- Taxes less subsidies on products (constant lcu), annual growth rate in South Korea was -1.12 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in South Korea?
- The highest recorded value was 26.57 % change on previous year in 1977.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in South Korea?
- The lowest recorded value was -9.11 % change on previous year in 1998.
- How does South Korea rank for taxes less subsidies on products (constant lcu), annual growth rate?
- South Korea ranks 168th out of 188 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in South Korea?
- Over the last ten years it is down 130.0%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.