Taxes less subsidies on products in South Korea
South Korea: Taxes less subsidies on products was 185.85 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
185.85 trillion current LCU
Change on year
up 1.8%
World rank
5th
of 197 countries
All-time high
185.85 trillion current LCU
in 2025
All-time low
17.60 billion current LCU
in 1960
Years of data
66
1960–2025
Taxes less subsidies on products in South Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, taxes less subsidies on products in South Korea stood at 185.85 trillion current LCU. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 1.8% on the previous year and up 35.5% over ten years.
Over the whole period, taxes less subsidies on products in South Korea peaked at 185.85 trillion current LCU in 2025 and was at its lowest, 17.60 billion current LCU, in 1960.
South Korea ranks 5th of 197 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 South Korea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 17.60 billion current LCU | — |
| 1961 | 18.00 billion current LCU | +2.3% |
| 1962 | 26.10 billion current LCU | +45.0% |
| 1963 | 28.90 billion current LCU | +10.7% |
| 1964 | 31.70 billion current LCU | +9.7% |
| 1965 | 44.90 billion current LCU | +41.6% |
| 1966 | 68.70 billion current LCU | +53.0% |
| 1967 | 95.40 billion current LCU | +38.9% |
| 1968 | 144.30 billion current LCU | +51.3% |
| 1969 | 192.40 billion current LCU | +33.3% |
| 1970 | 245.60 billion current LCU | +27.7% |
| 1971 | 289.50 billion current LCU | +17.9% |
| 1972 | 311.10 billion current LCU | +7.5% |
| 1973 | 407.00 billion current LCU | +30.8% |
| 1974 | 660.80 billion current LCU | +62.4% |
| 1975 | 975.00 billion current LCU | +47.5% |
| 1976 | 1.47 trillion current LCU | +50.3% |
| 1977 | 1.94 trillion current LCU | +32.2% |
| 1978 | 2.72 trillion current LCU | +40.6% |
| 1979 | 3.47 trillion current LCU | +27.4% |
| 1980 | 4.29 trillion current LCU | +23.8% |
| 1981 | 5.30 trillion current LCU | +23.4% |
| 1982 | 6.12 trillion current LCU | +15.5% |
| 1983 | 7.73 trillion current LCU | +26.3% |
| 1984 | 8.30 trillion current LCU | +7.3% |
| 1985 | 8.89 trillion current LCU | +7.1% |
| 1986 | 10.19 trillion current LCU | +14.6% |
| 1987 | 11.83 trillion current LCU | +16.1% |
| 1988 | 13.75 trillion current LCU | +16.3% |
| 1989 | 14.88 trillion current LCU | +8.2% |
| 1990 | 19.22 trillion current LCU | +29.2% |
| 1991 | 21.53 trillion current LCU | +12.0% |
| 1992 | 24.99 trillion current LCU | +16.1% |
| 1993 | 27.57 trillion current LCU | +10.4% |
| 1994 | 33.32 trillion current LCU | +20.8% |
| 1995 | 38.98 trillion current LCU | +17.0% |
| 1996 | 45.71 trillion current LCU | +17.3% |
| 1997 | 50.78 trillion current LCU | +11.1% |
| 1998 | 44.42 trillion current LCU | -12.5% |
| 1999 | 55.80 trillion current LCU | +25.6% |
| 2000 | 63.65 trillion current LCU | +14.1% |
| 2001 | 71.62 trillion current LCU | +12.5% |
| 2002 | 81.40 trillion current LCU | +13.7% |
| 2003 | 84.18 trillion current LCU | +3.4% |
| 2004 | 83.67 trillion current LCU | -0.6% |
| 2005 | 89.53 trillion current LCU | +7.0% |
| 2006 | 93.38 trillion current LCU | +4.3% |
| 2007 | 100.08 trillion current LCU | +7.2% |
| 2008 | 105.73 trillion current LCU | +5.6% |
| 2009 | 106.74 trillion current LCU | +1.0% |
| 2010 | 119.58 trillion current LCU | +12.0% |
| 2011 | 120.70 trillion current LCU | +0.9% |
| 2012 | 123.94 trillion current LCU | +2.7% |
| 2013 | 123.66 trillion current LCU | -0.2% |
| 2014 | 128.26 trillion current LCU | +3.7% |
| 2015 | 137.11 trillion current LCU | +6.9% |
| 2016 | 147.70 trillion current LCU | +7.7% |
| 2017 | 156.47 trillion current LCU | +5.9% |
| 2018 | 161.33 trillion current LCU | +3.1% |
| 2019 | 161.41 trillion current LCU | +0.0% |
| 2020 | 167.69 trillion current LCU | +3.9% |
| 2021 | 184.02 trillion current LCU | +9.7% |
| 2022 | 185.18 trillion current LCU | +0.6% |
| 2023 | 172.08 trillion current LCU | -7.1% |
| 2024 | 182.53 trillion current LCU | +6.1% |
| 2025 | 185.85 trillion current LCU | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 66.80 billion current LCU | 17.60 billion current LCU | 192.40 billion current LCU | 10 |
| 1970s | 1.25 trillion current LCU | 245.60 billion current LCU | 3.47 trillion current LCU | 10 |
| 1980s | 9.13 trillion current LCU | 4.29 trillion current LCU | 14.88 trillion current LCU | 10 |
| 1990s | 36.23 trillion current LCU | 19.22 trillion current LCU | 55.80 trillion current LCU | 10 |
| 2000s | 88.00 trillion current LCU | 63.65 trillion current LCU | 106.74 trillion current LCU | 10 |
| 2010s | 138.02 trillion current LCU | 119.58 trillion current LCU | 161.41 trillion current LCU | 10 |
| 2020s | 179.56 trillion current LCU | 167.69 trillion current LCU | 185.85 trillion current LCU | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,323 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 47.93 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.17 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9641 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 34,925 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.17 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1,148 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 41.59 million constant LCU per person (2025)
- GDP (current US$), annual growth rate -0.161 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products in South Korea?
- Taxes less subsidies on products in South Korea was 185.85 trillion current 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 South Korea?
- The highest recorded value was 185.85 trillion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in South Korea?
- The lowest recorded value was 17.60 billion current LCU in 1960.
- How does South Korea rank for taxes less subsidies on products?
- South Korea ranks 5th out of 197 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in South Korea?
- Over the last ten years it is up 35.5%. The long-run trend across the full record is volatile.
- Where does this South 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.