Taxes less subsidies on products in Republic of Korea
Republic of Korea: Taxes less subsidies on products 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 197 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 Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for taxes less subsidies on products in Republic of Korea is 130.66 billion current US$, 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 Republic of Korea peaked at 160.86 billion current US$ in 2021 and was at its lowest, 144.24 million current US$, in 1961.
That places Republic of Korea 13th out of 197 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Republic of Korea, year by year
| Year | current US$ | 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% |
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 Republic of Korea
More economy & growth data for Republic of Korea
- GNI, Atlas method (current US$), annual growth rate 2.94 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 37,884 current US$ per person (2025)
- GNI (current US$), annual growth rate 0.1093 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 36,849 current US$ per person (2025)
- GNI (current LCU), annual growth rate 4.45 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,447 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 52.42 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 18.84 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products in Republic of Korea?
- Taxes less subsidies on products in Republic of Korea was 130.66 billion current US$ 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 Republic of Korea?
- The highest recorded value was 160.86 billion current US$ in 2021.
- What is the lowest taxes less subsidies on products recorded in Republic of Korea?
- The lowest recorded value was 144.24 million current US$ in 1961.
- How does Republic of Korea rank for taxes less subsidies on products?
- Republic of Korea ranks 13th out of 197 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Republic of Korea?
- Over the last ten years it is up 7.8%. The long-run trend across the full record is volatile.
- Where does this Republic of 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.