Taxes less subsidies on products (current US$) in South Korea
South Korea: Taxes less subsidies on products (current US$) was 130.66 billion current US$ in 2025. ◆ Volatile
Latest (2025)
130.66 billion current US$
Change on year
down 2.4%
World rank
13th
of 199 countries
All-time high
160.86 billion current US$
in 2021
All-time low
144.24 million current US$
in 1961
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 US$.
Analysis
The most recent figure for taxes less subsidies on products in South Korea is 130.66 billion current US$, measured in 2025.
The figure is down 2.4% on the previous year and up 7.8% over ten years.
Over the whole period, taxes less subsidies on products in South Korea peaked at 160.86 billion current US$ in 2021 and was at its lowest, 144.24 million current US$, in 1961.
That places South Korea 13th out of 199 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 278.81 million current US$ | — |
| 1961 | 144.24 million current US$ | -48.3% |
| 1962 | 200.77 million current US$ | +39.2% |
| 1963 | 222.31 million current US$ | +10.7% |
| 1964 | 148.24 million current US$ | -33.3% |
| 1965 | 168.54 million current US$ | +13.7% |
| 1966 | 253.19 million current US$ | +50.2% |
| 1967 | 352.66 million current US$ | +39.3% |
| 1968 | 521.61 million current US$ | +47.9% |
| 1969 | 667.68 million current US$ | +28.0% |
| 1970 | 790.84 million current US$ | +18.4% |
| 1971 | 833.94 million current US$ | +5.4% |
| 1972 | 791.82 million current US$ | -5.1% |
| 1973 | 1.02 billion current US$ | +29.0% |
| 1974 | 1.63 billion current US$ | +59.9% |
| 1975 | 2.01 billion current US$ | +23.3% |
| 1976 | 3.03 billion current US$ | +50.3% |
| 1977 | 4.00 billion current US$ | +32.2% |
| 1978 | 5.63 billion current US$ | +40.6% |
| 1979 | 7.17 billion current US$ | +27.4% |
| 1980 | 7.07 billion current US$ | -1.4% |
| 1981 | 7.78 billion current US$ | +10.0% |
| 1982 | 8.37 billion current US$ | +7.6% |
| 1983 | 9.97 billion current US$ | +19.1% |
| 1984 | 10.30 billion current US$ | +3.3% |
| 1985 | 10.22 billion current US$ | -0.7% |
| 1986 | 11.56 billion current US$ | +13.1% |
| 1987 | 14.38 billion current US$ | +24.4% |
| 1988 | 18.80 billion current US$ | +30.7% |
| 1989 | 22.17 billion current US$ | +17.9% |
| 1990 | 27.16 billion current US$ | +22.5% |
| 1991 | 29.36 billion current US$ | +8.1% |
| 1992 | 32.01 billion current US$ | +9.0% |
| 1993 | 34.35 billion current US$ | +7.3% |
| 1994 | 41.47 billion current US$ | +20.7% |
| 1995 | 50.54 billion current US$ | +21.9% |
| 1996 | 56.82 billion current US$ | +12.4% |
| 1997 | 53.39 billion current US$ | -6.1% |
| 1998 | 31.70 billion current US$ | -40.6% |
| 1999 | 46.94 billion current US$ | +48.1% |
| 2000 | 56.28 billion current US$ | +19.9% |
| 2001 | 55.47 billion current US$ | -1.4% |
| 2002 | 65.07 billion current US$ | +17.3% |
| 2003 | 70.64 billion current US$ | +8.6% |
| 2004 | 73.05 billion current US$ | +3.4% |
| 2005 | 87.42 billion current US$ | +19.7% |
| 2006 | 97.80 billion current US$ | +11.9% |
| 2007 | 107.69 billion current US$ | +10.1% |
| 2008 | 95.94 billion current US$ | -10.9% |
| 2009 | 83.59 billion current US$ | -12.9% |
| 2010 | 103.40 billion current US$ | +23.7% |
| 2011 | 108.91 billion current US$ | +5.3% |
| 2012 | 109.99 billion current US$ | +1.0% |
| 2013 | 112.93 billion current US$ | +2.7% |
| 2014 | 121.83 billion current US$ | +7.9% |
| 2015 | 121.24 billion current US$ | -0.5% |
| 2016 | 127.24 billion current US$ | +5.0% |
| 2017 | 138.35 billion current US$ | +8.7% |
| 2018 | 146.65 billion current US$ | +6.0% |
| 2019 | 138.50 billion current US$ | -5.6% |
| 2020 | 142.08 billion current US$ | +2.6% |
| 2021 | 160.86 billion current US$ | +13.2% |
| 2022 | 143.39 billion current US$ | -10.9% |
| 2023 | 131.80 billion current US$ | -8.1% |
| 2024 | 133.88 billion current US$ | +1.6% |
| 2025 | 130.66 billion current US$ | -2.4% |
South Korea compared with similar countries
- South Korea's 130.66 billion current US$ is above the median for high income countries, which is 9.71 billion current US$, 13.5× the median. (74 countries reporting)
- South Korea's 130.66 billion current US$ is above the median for East Asia & Pacific, which is 956.37 million current US$, 136.6× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 295.80 million current US$ | 144.24 million current US$ | 667.68 million current US$ | 10 |
| 1970s | 2.69 billion current US$ | 790.84 million current US$ | 7.17 billion current US$ | 10 |
| 1980s | 12.06 billion current US$ | 7.07 billion current US$ | 22.17 billion current US$ | 10 |
| 1990s | 40.37 billion current US$ | 27.16 billion current US$ | 56.82 billion current US$ | 10 |
| 2000s | 79.30 billion current US$ | 55.47 billion current US$ | 107.69 billion current US$ | 10 |
| 2010s | 122.90 billion current US$ | 103.40 billion current US$ | 146.65 billion current US$ | 10 |
| 2020s | 140.44 billion current US$ | 130.66 billion current US$ | 160.86 billion current US$ | 6 |
Countries ranked near South Korea
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 in South Korea?
- Taxes less subsidies on products in South Korea was 130.66 billion current US$ 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 160.86 billion current US$ in 2021.
- What is the lowest taxes less subsidies on products recorded in South Korea?
- The lowest recorded value was 144.24 million current US$ in 1961.
- How does South Korea rank for taxes less subsidies on products?
- South Korea ranks 13th out of 199 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 7.8%. 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 US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.