South Korea: Tax revenue

The latest value from 2024 is 13.29 percent, a decline from 14.6 percent in 2023. In comparison, the world average is 18.04 percent, based on data from 88 countries. Historically, the average for South Korea from 1972 to 2024 is 13.28 percent. The minimum value, 10.33 percent, was reached in 1973 while the maximum of 17.16 percent was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Taxes are compulsory, unrequited payments, in cash or in kind, made by institutionalunits to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.