Total government revenue (budgetary central government) as a in Republic of Korea
Republic of Korea: Total government revenue (budgetary central government) as a was 34.0% in 2023. ▲ Rising
Total government revenue (budgetary central government) as a in Republic of Korea, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Republic of Korea recorded 34.0% for total government revenue (budgetary central government) as a in 2023.
The figure is down 6.2% on the previous year and up 10.3% over ten years.
Over the whole period, total government revenue (budgetary central government) as a in Republic of Korea peaked at 36.3% in 2022 and was at its lowest, 18.6%, in 2004.
That places Republic of Korea 67th out of 182 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Total government revenue (budgetary central government) as a in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 19.9% | — |
| 2001 | 19.4% | -2.8% |
| 2002 | 19.1% | -1.3% |
| 2003 | 19.4% | +1.4% |
| 2004 | 18.6% | -4.1% |
| 2005 | 18.9% | +1.9% |
| 2006 | 19.7% | +4.0% |
| 2007 | 26.3% | +33.6% |
| 2008 | 25.7% | -2.4% |
| 2009 | 24.6% | -4.4% |
| 2010 | 24.0% | -2.3% |
| 2011 | 24.6% | +2.6% |
| 2012 | 31.9% | +29.6% |
| 2013 | 30.8% | -3.3% |
| 2014 | 30.8% | -0.1% |
| 2015 | 30.7% | -0.4% |
| 2016 | 31.0% | +0.9% |
| 2017 | 31.5% | +1.8% |
| 2018 | 31.6% | +0.1% |
| 2019 | 32.1% | +1.7% |
| 2020 | 32.3% | +0.7% |
| 2021 | 34.5% | +6.5% |
| 2022 | 36.3% | +5.2% |
| 2023 | 34.0% | -6.2% |
Biggest year-on-year movements
Years where Total government revenue (budgetary central government) as a in Republic of 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 |
|---|---|---|---|
| 2007 | +33.6% | 19.7% | 26.3% |
| 2012 | +29.6% | 24.6% | 31.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.2% | 18.6% | 26.3% | 10 |
| 2010s | 29.9% | 24.0% | 32.1% | 10 |
| 2020s | 34.3% | 32.3% | 36.3% | 4 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.06 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 1.5 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 4 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 4 % change on previous year (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
Frequently asked questions
- What is total government revenue (budgetary central government) as a in Republic of Korea?
- Total government revenue (budgetary central government) as a in Republic of Korea was 34.0% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest total government revenue (budgetary central government) as a recorded in Republic of Korea?
- The highest recorded value was 36.3% in 2022.
- What is the lowest total government revenue (budgetary central government) as a recorded in Republic of Korea?
- The lowest recorded value was 18.6% in 2004.
- How does Republic of Korea rank for total government revenue (budgetary central government) as a?
- Republic of Korea ranks 67th out of 182 countries with data for 2023.
- Is total government revenue (budgetary central government) as a rising or falling in Republic of Korea?
- Over the last ten years it is up 10.3%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Total government revenue (budgetary central government) as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).