South Korea Tax Revenue to GDP
13.3%▼ −1.31 pt
Dec 2024 · Annual
Tax revenue in South Korea fell to 13.3% of GDP in 2024 from 14.6% in 2023. The reading remains well below the all-time high of 17.2% recorded in 2022. Data are available from 1972, with the lowest level of 10.3% in 1973. The series is compiled by the World Bank.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 13.3% | 14.6% | 17.2%Dec 2022 | 10.3%Dec 1973 | 1972 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Budget | -1.4% | -0.8% | 3.9% | -2.1% | Dec 2025 | Annual |
| Government Debt to GDP | 52.3% | 49.7% | 52.3% | 7.8% | Dec 2025 | Annual |
About this series
Tax Revenue to GDP in South Korea averaged 13.3% from 1972 until 2024, reaching an all-time high of 17.2% in Dec 2022 and a record low of 10.3% in Dec 1973. The series is reported yearly with history from 1972.
Tax revenue as a share of GDP measures the total tax revenue collected by the government relative to the size of the economy. It is expressed as a percentage of GDP and reported on an annual basis. The series spans from 1972 to 2024.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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