How does South Korea rank for taxes less subsidies on products (current us$), per unit of gdp?

South Korea ranks 123rd out of 197 countries with data for 2025.

Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in South Korea?

Over the last ten years it is down 11.4%. The long-run trend across the full record is rising.

Taxes less subsidies on products (current US$), per unit of GDP (unit) in South Korea

Name: Taxes less subsidies on products (current US$), per unit of GDP (unit) in South Korea
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

South Korea: Taxes less subsidies on products (current US$), per unit of GDP (unit) was 0.0698 current US$ per US$ of GDP in 2025. ▲ Rising

Latest (2025)

0.0698 current US$ per US$ of GDP

Change on year

down 2.3%

World rank

123rd

of 197 countries

All-time high

0.1112 current US$ per US$ of GDP

in 1983

All-time low

0.0426 current US$ per US$ of GDP

in 1964

Years of data

1960–2025

Taxes less subsidies on products (current US$), per unit of GDP in South Korea, 1960–2025

Source: Statizoid (derived). Measured in current US$ per US$ of GDP.

Analysis

In 2025, taxes less subsidies on products (current us$), per unit of gdp in South Korea stood at 0.0698 current US$ per US$ of GDP.

Compared with earlier readings it is down 2.3% on the previous year and down 11.4% over ten years.

Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in South Korea peaked at 0.1112 current US$ per US$ of GDP in 1983 and was at its lowest, 0.0426 current US$ per US$ of GDP, in 1964.

That places South Korea 123rd out of 197 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently rising across the 66 years of available data.

Taxes less subsidies on products (current US$), per unit of GDP (unit) in South Korea, year by year

Annual values for Taxes less subsidies on products (current US$), per unit of GDP in South Korea, 1960 to 2025.
Year	current US$ per US$ of GDP	Change
1960	0.0702 current US$ per US$ of GDP	—
1961	0.0594 current US$ per US$ of GDP	-15.3%
1962	0.071 current US$ per US$ of GDP	+19.5%
1963	0.0555 current US$ per US$ of GDP	-21.9%
1964	0.0426 current US$ per US$ of GDP	-23.1%
1965	0.0537 current US$ per US$ of GDP	+25.8%
1966	0.064 current US$ per US$ of GDP	+19.2%
1967	0.072 current US$ per US$ of GDP	+12.6%
1968	0.0846 current US$ per US$ of GDP	+17.4%
1969	0.0862 current US$ per US$ of GDP	+1.9%
1970	0.087 current US$ per US$ of GDP	+1.0%
1971	0.0833 current US$ per US$ of GDP	-4.2%
1972	0.072 current US$ per US$ of GDP	-13.6%
1973	0.0726 current US$ per US$ of GDP	+0.8%
1974	0.0823 current US$ per US$ of GDP	+13.2%
1975	0.091 current US$ per US$ of GDP	+10.7%
1976	0.0997 current US$ per US$ of GDP	+9.5%
1977	0.1025 current US$ per US$ of GDP	+2.8%
1978	0.1065 current US$ per US$ of GDP	+3.9%
1979	0.1053 current US$ per US$ of GDP	-1.2%
1980	0.1062 current US$ per US$ of GDP	+0.9%
1981	0.1047 current US$ per US$ of GDP	-1.4%
1982	0.1048 current US$ per US$ of GDP	+0.0%
1983	0.1112 current US$ per US$ of GDP	+6.2%
1984	0.1032 current US$ per US$ of GDP	-7.2%
1985	0.0985 current US$ per US$ of GDP	-4.6%
1986	0.0963 current US$ per US$ of GDP	-2.2%
1987	0.0945 current US$ per US$ of GDP	-1.9%
1988	0.0915 current US$ per US$ of GDP	-3.1%
1989	0.0872 current US$ per US$ of GDP	-4.7%
1990	0.093 current US$ per US$ of GDP	+6.7%
1991	0.0861 current US$ per US$ of GDP	-7.4%
1992	0.0872 current US$ per US$ of GDP	+1.3%
1993	0.0847 current US$ per US$ of GDP	-2.9%
1994	0.0865 current US$ per US$ of GDP	+2.2%
1995	0.0862 current US$ per US$ of GDP	-0.4%
1996	0.09 current US$ per US$ of GDP	+4.4%
1997	0.0906 current US$ per US$ of GDP	+0.6%
1998	0.0798 current US$ per US$ of GDP	-11.9%
1999	0.091 current US$ per US$ of GDP	+14.1%
2000	0.0942 current US$ per US$ of GDP	+3.5%
2001	0.0977 current US$ per US$ of GDP	+3.8%
2002	0.1001 current US$ per US$ of GDP	+2.4%
2003	0.097 current US$ per US$ of GDP	-3.1%
2004	0.0887 current US$ per US$ of GDP	-8.5%
2005	0.09 current US$ per US$ of GDP	+1.4%
2006	0.0893 current US$ per US$ of GDP	-0.7%
2007	0.0882 current US$ per US$ of GDP	-1.2%
2008	0.0879 current US$ per US$ of GDP	-0.4%
2009	0.085 current US$ per US$ of GDP	-3.3%
2010	0.0867 current US$ per US$ of GDP	+1.9%
2011	0.0833 current US$ per US$ of GDP	-3.9%
2012	0.0824 current US$ per US$ of GDP	-1.1%
2013	0.0787 current US$ per US$ of GDP	-4.4%
2014	0.0783 current US$ per US$ of GDP	-0.6%
2015	0.0788 current US$ per US$ of GDP	+0.6%
2016	0.0806 current US$ per US$ of GDP	+2.3%
2017	0.0809 current US$ per US$ of GDP	+0.4%
2018	0.0804 current US$ per US$ of GDP	-0.6%
2019	0.0791 current US$ per US$ of GDP	-1.6%
2020	0.0815 current US$ per US$ of GDP	+3.0%
2021	0.0828 current US$ per US$ of GDP	+1.7%
2022	0.0797 current US$ per US$ of GDP	-3.8%
2023	0.0714 current US$ per US$ of GDP	-10.3%
2024	0.0714 current US$ per US$ of GDP	-0.1%
2025	0.0698 current US$ per US$ of GDP	-2.3%

South Korea compared with similar countries

South Korea's 0.0698 current US$ per US$ of GDP is below the median for high income countries, which is 0.0948 current US$ per US$ of GDP, 74% of the median. (74 countries reporting)
South Korea's 0.0698 current US$ per US$ of GDP is above the median for East Asia & Pacific, which is 0.0669 current US$ per US$ of GDP, 1.0× the median. (28 countries reporting)

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.0659 current US$ per US$ of GDP	0.0426 current US$ per US$ of GDP	0.0862 current US$ per US$ of GDP	10
1970s	0.0902 current US$ per US$ of GDP	0.072 current US$ per US$ of GDP	0.1065 current US$ per US$ of GDP	10
1980s	0.0998 current US$ per US$ of GDP	0.0872 current US$ per US$ of GDP	0.1112 current US$ per US$ of GDP	10
1990s	0.0875 current US$ per US$ of GDP	0.0798 current US$ per US$ of GDP	0.093 current US$ per US$ of GDP	10
2000s	0.0918 current US$ per US$ of GDP	0.085 current US$ per US$ of GDP	0.1001 current US$ per US$ of GDP	10
2010s	0.0809 current US$ per US$ of GDP	0.0783 current US$ per US$ of GDP	0.0867 current US$ per US$ of GDP	10
2020s	0.0761 current US$ per US$ of GDP	0.0698 current US$ per US$ of GDP	0.0828 current US$ per US$ of GDP	6

Countries ranked near South Korea

120 Cameroon 0.0712 current US$ per US$ of GDP compare
121 Mali 0.0706 current US$ per US$ of GDP compare
122 Malawi 0.07 current US$ per US$ of GDP compare
124 Dominican Republic 0.0688 current US$ per US$ of GDP compare
125 Sao Tome and Principe 0.0669 current US$ per US$ of GDP compare
126 Mexico 0.0665 current US$ per US$ of GDP compare

See the full ranking of 198 places →

More economy & growth data for South Korea

Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
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)

All data for South Korea →

Frequently asked questions

What is taxes less subsidies on products (current us$), per unit of gdp in South Korea?: Taxes less subsidies on products (current us$), per unit of gdp in South Korea was 0.0698 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in South Korea?: The highest recorded value was 0.1112 current US$ per US$ of GDP in 1983.
What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in South Korea?: The lowest recorded value was 0.0426 current US$ per US$ of GDP in 1964.
How does South Korea rank for taxes less subsidies on products (current us$), per unit of gdp?: South Korea ranks 123rd out of 197 countries with data for 2025.
Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in South Korea?: Over the last ten years it is down 11.4%. The long-run trend across the full record is rising.
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$), per unit of GDP. Statizoid updates them automatically from the source API.

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Taxes less subsidies on products (current US$), per unit of GDP in South Korea. Statizoid, drawing on Statizoid (derived). Retrieved 07 November 2026, from https://economy.statizoid.com/stat/taxes-less-subsidies-on-products-current-us-per-unit-of-gdp/korea-rep/

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How this figure is calculated

Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Taxes less subsidies on products (current US$) ÷ GDP (current US$)

Computed from

Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
GDP 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

Indicator: Taxes less subsidies on products (current US$), per unit of GDP
Unit: current US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 198 places, 8,406 data points, 1960–2025
Last refreshed: 21 August 2026

Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.