Taxes less subsidies on products in Republic of Korea
Republic of Korea: Taxes less subsidies on products was 166.18 trillion constant LCU in 2025. ◆ Volatile
Latest (2025)
166.18 trillion constant LCU
Change on year
down 1.1%
World rank
4th
of 187 countries
All-time high
176.23 trillion constant LCU
in 2021
All-time low
1.62 trillion constant LCU
in 1960
Years of data
66
1960–2025
Taxes less subsidies on products in Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in Republic of Korea is 166.18 trillion constant LCU, measured in 2025.
The figure is down 1.1% on the previous year and up 9.5% over ten years.
Over the whole period, taxes less subsidies on products in Republic of Korea peaked at 176.23 trillion constant LCU in 2021 and was at its lowest, 1.62 trillion constant LCU, in 1960.
Republic of Korea ranks 4th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Republic of Korea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 1.62 trillion constant LCU | — |
| 1961 | 1.62 trillion constant LCU | +0.1% |
| 1962 | 1.77 trillion constant LCU | +9.2% |
| 1963 | 1.94 trillion constant LCU | +9.8% |
| 1964 | 2.05 trillion constant LCU | +5.8% |
| 1965 | 2.34 trillion constant LCU | +13.9% |
| 1966 | 2.67 trillion constant LCU | +14.1% |
| 1967 | 3.11 trillion constant LCU | +16.8% |
| 1968 | 3.76 trillion constant LCU | +20.7% |
| 1969 | 4.40 trillion constant LCU | +16.9% |
| 1970 | 5.12 trillion constant LCU | +16.5% |
| 1971 | 5.75 trillion constant LCU | +12.1% |
| 1972 | 6.07 trillion constant LCU | +5.6% |
| 1973 | 7.37 trillion constant LCU | +21.4% |
| 1974 | 8.35 trillion constant LCU | +13.3% |
| 1975 | 8.69 trillion constant LCU | +4.1% |
| 1976 | 10.87 trillion constant LCU | +25.2% |
| 1977 | 13.76 trillion constant LCU | +26.6% |
| 1978 | 16.29 trillion constant LCU | +18.3% |
| 1979 | 17.42 trillion constant LCU | +6.9% |
| 1980 | 16.52 trillion constant LCU | -5.2% |
| 1981 | 17.37 trillion constant LCU | +5.1% |
| 1982 | 19.06 trillion constant LCU | +9.8% |
| 1983 | 22.58 trillion constant LCU | +18.5% |
| 1984 | 25.21 trillion constant LCU | +11.6% |
| 1985 | 26.90 trillion constant LCU | +6.7% |
| 1986 | 29.99 trillion constant LCU | +11.5% |
| 1987 | 35.22 trillion constant LCU | +17.5% |
| 1988 | 39.43 trillion constant LCU | +11.9% |
| 1989 | 42.51 trillion constant LCU | +7.8% |
| 1990 | 48.02 trillion constant LCU | +13.0% |
| 1991 | 52.31 trillion constant LCU | +8.9% |
| 1992 | 54.01 trillion constant LCU | +3.2% |
| 1993 | 56.14 trillion constant LCU | +4.0% |
| 1994 | 62.72 trillion constant LCU | +11.7% |
| 1995 | 68.92 trillion constant LCU | +9.9% |
| 1996 | 74.76 trillion constant LCU | +8.5% |
| 1997 | 78.78 trillion constant LCU | +5.4% |
| 1998 | 71.61 trillion constant LCU | -9.1% |
| 1999 | 83.52 trillion constant LCU | +16.6% |
| 2000 | 92.17 trillion constant LCU | +10.4% |
| 2001 | 97.24 trillion constant LCU | +5.5% |
| 2002 | 102.51 trillion constant LCU | +5.4% |
| 2003 | 104.52 trillion constant LCU | +2.0% |
| 2004 | 109.19 trillion constant LCU | +4.5% |
| 2005 | 113.91 trillion constant LCU | +4.3% |
| 2006 | 119.07 trillion constant LCU | +4.5% |
| 2007 | 121.84 trillion constant LCU | +2.3% |
| 2008 | 121.13 trillion constant LCU | -0.6% |
| 2009 | 121.46 trillion constant LCU | +0.3% |
| 2010 | 130.56 trillion constant LCU | +7.5% |
| 2011 | 135.99 trillion constant LCU | +4.2% |
| 2012 | 138.71 trillion constant LCU | +2.0% |
| 2013 | 140.22 trillion constant LCU | +1.1% |
| 2014 | 146.35 trillion constant LCU | +4.4% |
| 2015 | 151.82 trillion constant LCU | +3.7% |
| 2016 | 158.47 trillion constant LCU | +4.4% |
| 2017 | 162.68 trillion constant LCU | +2.7% |
| 2018 | 164.68 trillion constant LCU | +1.2% |
| 2019 | 165.79 trillion constant LCU | +0.7% |
| 2020 | 167.69 trillion constant LCU | +1.1% |
| 2021 | 176.23 trillion constant LCU | +5.1% |
| 2022 | 172.13 trillion constant LCU | -2.3% |
| 2023 | 165.97 trillion constant LCU | -3.6% |
| 2024 | 168.06 trillion constant LCU | +1.3% |
| 2025 | 166.18 trillion constant LCU | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.53 trillion constant LCU | 1.62 trillion constant LCU | 4.40 trillion constant LCU | 10 |
| 1970s | 9.97 trillion constant LCU | 5.12 trillion constant LCU | 17.42 trillion constant LCU | 10 |
| 1980s | 27.48 trillion constant LCU | 16.52 trillion constant LCU | 42.51 trillion constant LCU | 10 |
| 1990s | 65.08 trillion constant LCU | 48.02 trillion constant LCU | 83.52 trillion constant LCU | 10 |
| 2000s | 110.30 trillion constant LCU | 92.17 trillion constant LCU | 121.84 trillion constant LCU | 10 |
| 2010s | 149.53 trillion constant LCU | 130.56 trillion constant LCU | 165.79 trillion constant LCU | 10 |
| 2020s | 169.38 trillion constant LCU | 165.97 trillion constant LCU | 176.23 trillion constant LCU | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Services, value added (current US$), annual growth rate -0.6343 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5723 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 20,732 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 3.67 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 814.03 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 29.49 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.74 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5965 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 21,609 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 26.07 million constant LCU per person (2025)
Frequently asked questions
- What is taxes less subsidies on products in Republic of Korea?
- Taxes less subsidies on products in Republic of Korea was 166.18 trillion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Republic of Korea?
- The highest recorded value was 176.23 trillion constant LCU in 2021.
- What is the lowest taxes less subsidies on products recorded in Republic of Korea?
- The lowest recorded value was 1.62 trillion constant LCU in 1960.
- How does Republic of Korea rank for taxes less subsidies on products?
- Republic of Korea ranks 4th out of 187 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Republic of Korea?
- Over the last ten years it is up 9.5%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.