Taxes less subsidies on products (current US$), annual growth rate in South Korea
South Korea: Taxes less subsidies on products (current US$), annual growth rate was -2.41 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in South Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (current us$), annual growth rate in South 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$), annual growth rate in South Korea peaked at 59.89 % change on previous year in 1974 and was at its lowest, -48.27 % change on previous year, in 1961.
South Korea ranks 175th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in South 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% |
South Korea compared with similar countries
- South Korea's -2.41 % change on previous year is below the median for high income countries, which is 8.9 % change on previous year. (74 countries reporting)
- South Korea's -2.41 % change on previous year is below the median for East Asia & Pacific, which is 2.09 % change on previous year. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$), 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 |
|---|---|---|---|
| 1986 | +1851.2% | -0.7469 % change on previous year | 13.08 % change on previous year |
| 2002 | +1301.5% | -1.44 % change on previous year | 17.29 % change on previous year |
| 2016 | +1121.0% | -0.4851 % change on previous year | 4.95 % change on previous year |
| 1981 | +834.4% | -1.37 % change on previous year | 10.04 % change on previous year |
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 South 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 -3.49 % change on previous year compare
More economy & growth data for South Korea
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -0.4147 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in South Korea?
- Taxes less subsidies on products (current us$), annual growth rate in South 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$), annual growth rate recorded in South Korea?
- The highest recorded value was 59.89 % change on previous year in 1974.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in South Korea?
- The lowest recorded value was -48.27 % change on previous year in 1961.
- How does South Korea rank for taxes less subsidies on products (current us$), annual growth rate?
- South Korea ranks 175th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in South Korea?
- Over the last ten years it is down 396.3%. 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 (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.