South Korea Government Revenue (% of GDP) (2023)
South Korea's Government Revenue (% of GDP): 27.4 % of GDP in 2023, -2.4pp YoY. World Bank (GC.REV.XGRT.GD.ZS), 1990–2023.
South Korea (2023)
27.4
% of GDP
-2.4pp YoY
YoY Change
-2.4pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 27.4 | -2.4pp |
| 2022 | 29.8 | +1.8pp |
| 2021 | 28 | +1.7pp |
| 2020 | 26.3 | +0pp |
| 2019 | 26.3 | +0.3pp |
| 2018 | 26 | +1.1pp |
| 2017 | 24.9 | +0.4pp |
| 2016 | 24.5 | +0.8pp |
| 2015 | 23.6 | -0.2pp |
| 2014 | 23.8 | -1.1pp |
| 2013 | 25 | -0.6pp |
| 2012 | 25.5 | +5.7pp |
| 2011 | 19.8 | +0.6pp |
| 2010 | 19.3 | -0.3pp |
| 2009 | 19.6 | -0.9pp |
| 2008 | 20.5 | -0.3pp |
| 2007 | 20.8 | +1.1pp |
| 2006 | 19.7 | +0.8pp |
| 2005 | 19 | +0.4pp |
| 2004 | 18.6 | n/a |
About this Dataset
South Korea recorded 27.4 % of GDP in 2023. The most recent year-on-year change was -2.4pp. The historical series (1990–2023) shows a peak of 29.8 in 2022 and a trough of 14.4 in 1991.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south korea government revenue (% of gdp) in South Korea, published by World Bank. Data covers 1990–2023 at annual frequency using harmonised methodology.
The most recent observation covers 2023. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 29.8 % of GDP in 2022 and reached its lowest recorded value of 14.4 in 1991. The latest reading of 27.4 in 2023 represents a year-on-year change of -2.4pp.