Taxes on goods and services gdp in Republic of Korea
Republic of Korea: Taxes on goods and services gdp was 7.31 in 2023. ▬ Flat
Latest (2023)
7.31
Change on year
down 9.1%
World rank
97th
of 186 countries
All-time high
9.17
in 2002
All-time low
6.92
in 1987
Years of data
44
1980–2023
Taxes on goods and services gdp in Republic of Korea, 1980–2023
Source: Our World in Data.
Analysis
The most recent figure for taxes on goods and services gdp in Republic of Korea is 7.31, measured in 2023.
That represents a change of down 9.1% on the previous year and down 1.4% over ten years.
Over the whole period, taxes on goods and services gdp in Republic of Korea peaked at 9.17 in 2002 and was at its lowest, 6.92, in 1987.
Republic of Korea ranks 97th of 186 countries on this measure, in the middle of the range.
Taxes on goods and services gdp in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 8.49 | — |
| 1981 | 8.33 | -1.8% |
| 1982 | 8.49 | +1.9% |
| 1983 | 8.64 | +1.8% |
| 1984 | 8.06 | -6.7% |
| 1985 | 7.7 | -4.5% |
| 1986 | 7.41 | -3.8% |
| 1987 | 6.92 | -6.6% |
| 1988 | 6.99 | +1.1% |
| 1989 | 6.93 | -0.9% |
| 1990 | 7.59 | +9.4% |
| 1991 | 7.54 | -0.6% |
| 1992 | 7.91 | +4.9% |
| 1993 | 8.03 | +1.6% |
| 1994 | 8.16 | +1.6% |
| 1995 | 8 | -2.1% |
| 1996 | 8.33 | +4.2% |
| 1997 | 8.34 | +0.1% |
| 1998 | 7.47 | -10.3% |
| 1999 | 8.4 | +12.4% |
| 2000 | 8.62 | +2.7% |
| 2001 | 8.97 | +4.1% |
| 2002 | 9.17 | +2.2% |
| 2003 | 8.9 | -2.9% |
| 2004 | 8.23 | -7.6% |
| 2005 | 8.27 | +0.5% |
| 2006 | 8.37 | +1.2% |
| 2007 | 8.3 | -0.8% |
| 2008 | 8.05 | -3.0% |
| 2009 | 7.81 | -2.9% |
| 2010 | 7.97 | +2.0% |
| 2011 | 7.77 | -2.4% |
| 2012 | 7.84 | +0.9% |
| 2013 | 7.41 | -5.5% |
| 2014 | 7.59 | +2.4% |
| 2015 | 7.61 | +0.3% |
| 2016 | 7.86 | +3.3% |
| 2017 | 7.93 | +0.9% |
| 2018 | 7.96 | +0.3% |
| 2019 | 7.87 | -1.1% |
| 2020 | 8.26 | +4.9% |
| 2021 | 8.47 | +2.5% |
| 2022 | 8.04 | -5.0% |
| 2023 | 7.31 | -9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.8 | 6.92 | 8.64 | 10 |
| 1990s | 7.98 | 7.47 | 8.4 | 10 |
| 2000s | 8.47 | 7.81 | 9.17 | 10 |
| 2010s | 7.78 | 7.41 | 7.97 | 10 |
| 2020s | 8.02 | 7.31 | 8.47 | 4 |
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 on goods and services gdp in Republic of Korea?
- Taxes on goods and services gdp in Republic of Korea was 7.31 in 2023, according to Our World in Data.
- What is the highest taxes on goods and services gdp recorded in Republic of Korea?
- The highest recorded value was 9.17 in 2002.
- What is the lowest taxes on goods and services gdp recorded in Republic of Korea?
- The lowest recorded value was 6.92 in 1987.
- How does Republic of Korea rank for taxes on goods and services gdp?
- Republic of Korea ranks 97th out of 186 countries with data for 2023.
- Is taxes on goods and services gdp rising or falling in Republic of Korea?
- Over the last ten years it is down 1.4%. The long-run trend across the full record is flat.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Taxes on goods and services gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (Our World in Data).