Taxes less subsidies on products (current US$), annual growth rate in Republic of Korea
Republic of Korea: Taxes less subsidies on products (current US$), annual growth rate was -2.41 % change on previous year in 2025. ◆ Volatile
Latest (2025)
-2.41 % change on previous year
Change on year
down 252.4%
World rank
175th
of 197 countries
All-time high
59.89 % change on previous year
in 1974
All-time low
-48.27 % change on previous year
in 1961
Years of data
65
1961–2025
Taxes less subsidies on products (current US$), annual growth rate in Republic of Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (current us$), annual growth rate in Republic of Korea is -2.41 % change on previous year, measured in 2025.
Compared with earlier readings it is down 252.4% on the previous year and down 396.3% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Republic of Korea peaked at 59.89 % change on previous year in 1974 and was at its lowest, -48.27 % change on previous year, in 1961.
Republic of Korea ranks 175th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -48.27 % change on previous year | — |
| 1962 | 39.19 % change on previous year | -181.2% |
| 1963 | 10.73 % change on previous year | -72.6% |
| 1964 | -33.32 % change on previous year | -410.6% |
| 1965 | 13.7 % change on previous year | -141.1% |
| 1966 | 50.22 % change on previous year | +266.6% |
| 1967 | 39.29 % change on previous year | -21.8% |
| 1968 | 47.91 % change on previous year | +21.9% |
| 1969 | 28 % change on previous year | -41.5% |
| 1970 | 18.45 % change on previous year | -34.1% |
| 1971 | 5.45 % change on previous year | -70.5% |
| 1972 | -5.05 % change on previous year | -192.7% |
| 1973 | 29.04 % change on previous year | -675.0% |
| 1974 | 59.89 % change on previous year | +106.2% |
| 1975 | 23.3 % change on previous year | -61.1% |
| 1976 | 50.33 % change on previous year | +116.0% |
| 1977 | 32.17 % change on previous year | -36.1% |
| 1978 | 40.56 % change on previous year | +26.1% |
| 1979 | 27.39 % change on previous year | -32.5% |
| 1980 | -1.37 % change on previous year | -105.0% |
| 1981 | 10.04 % change on previous year | -834.4% |
| 1982 | 7.63 % change on previous year | -24.0% |
| 1983 | 19.07 % change on previous year | +149.9% |
| 1984 | 3.28 % change on previous year | -82.8% |
| 1985 | -0.7469 % change on previous year | -122.8% |
| 1986 | 13.08 % change on previous year | -1851.2% |
| 1987 | 24.45 % change on previous year | +86.9% |
| 1988 | 30.74 % change on previous year | +25.7% |
| 1989 | 17.91 % change on previous year | -41.7% |
| 1990 | 22.52 % change on previous year | +25.8% |
| 1991 | 8.09 % change on previous year | -64.1% |
| 1992 | 9.02 % change on previous year | +11.5% |
| 1993 | 7.33 % change on previous year | -18.7% |
| 1994 | 20.7 % change on previous year | +182.4% |
| 1995 | 21.88 % change on previous year | +5.7% |
| 1996 | 12.44 % change on previous year | -43.1% |
| 1997 | -6.05 % change on previous year | -148.6% |
| 1998 | -40.63 % change on previous year | +571.4% |
| 1999 | 48.08 % change on previous year | -218.3% |
| 2000 | 19.92 % change on previous year | -58.6% |
| 2001 | -1.44 % change on previous year | -107.2% |
| 2002 | 17.29 % change on previous year | -1301.5% |
| 2003 | 8.57 % change on previous year | -50.4% |
| 2004 | 3.41 % change on previous year | -60.2% |
| 2005 | 19.67 % change on previous year | +476.5% |
| 2006 | 11.88 % change on previous year | -39.6% |
| 2007 | 10.11 % change on previous year | -14.8% |
| 2008 | -10.92 % change on previous year | -207.9% |
| 2009 | -12.87 % change on previous year | +17.9% |
| 2010 | 23.7 % change on previous year | -284.1% |
| 2011 | 5.33 % change on previous year | -77.5% |
| 2012 | 0.9889 % change on previous year | -81.5% |
| 2013 | 2.68 % change on previous year | +170.9% |
| 2014 | 7.87 % change on previous year | +194.0% |
| 2015 | -0.4851 % change on previous year | -106.2% |
| 2016 | 4.95 % change on previous year | -1121.0% |
| 2017 | 8.73 % change on previous year | +76.2% |
| 2018 | 6 % change on previous year | -31.3% |
| 2019 | -5.55 % change on previous year | -192.6% |
| 2020 | 2.58 % change on previous year | -146.5% |
| 2021 | 13.22 % change on previous year | +412.5% |
| 2022 | -10.86 % change on previous year | -182.2% |
| 2023 | -8.09 % change on previous year | -25.6% |
| 2024 | 1.58 % change on previous year | -119.5% |
| 2025 | -2.41 % change on previous year | -252.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.38 % change on previous year | -48.27 % change on previous year | 50.22 % change on previous year | 9 |
| 1970s | 28.15 % change on previous year | -5.05 % change on previous year | 59.89 % change on previous year | 10 |
| 1980s | 12.41 % change on previous year | -1.37 % change on previous year | 30.74 % change on previous year | 10 |
| 1990s | 10.34 % change on previous year | -40.63 % change on previous year | 48.08 % change on previous year | 10 |
| 2000s | 6.56 % change on previous year | -12.87 % change on previous year | 19.92 % change on previous year | 10 |
| 2010s | 5.42 % change on previous year | -5.55 % change on previous year | 23.7 % change on previous year | 10 |
| 2020s | -0.6624 % change on previous year | -10.86 % change on previous year | 13.22 % change on previous year | 6 |
Countries ranked near Republic of Korea
- 172 Mongolia -1.28 % change on previous year compare
- 173 Lesotho -1.41 % change on previous year compare
- 174 Ethiopia -1.51 % change on previous year compare
- 176 Liechtenstein -3.2 % change on previous year compare
- 177 Canada -3.47 % change on previous year compare
- 178 Bolivia, Plurinational State of -3.49 % change on previous year compare
More economy & growth data for Republic of Korea
- Gross capital formation (current US$), annual growth rate -2.97 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2913 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 10,553 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 1.24 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 414.37 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 15.01 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -1.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2815 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 10,198 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.6183 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in Republic of Korea?
- Taxes less subsidies on products (current us$), annual growth rate in Republic of Korea was -2.41 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Republic of Korea?
- The highest recorded value was 59.89 % change on previous year in 1974.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Republic of Korea?
- The lowest recorded value was -48.27 % change on previous year in 1961.
- How does Republic of Korea rank for taxes less subsidies on products (current us$), annual growth rate?
- Republic of Korea ranks 175th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is down 396.3%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.