South Korea Government Revenue (% of GDP) (2024)
South Korea's Government Revenue (% of GDP): 25.8 % of GDP in 2024, -1.6pp YoY. World Bank (GC.REV.XGRT.GD.ZS), 1972–2024.
South Korea (2024)
25.8
% of GDP
-1.6pp YoY
YoY Change
-1.6pp
percentage points
Trend
down
Series length
53
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 25.8 | -1.6pp |
| 2023 | 27.4 | -2.4pp |
| 2022 | 29.8 | +1.8pp |
| 2021 | 28 | +1.7pp |
| 2020 | 26.3 | unchanged |
| 2019 | 26.3 | +0.3pp |
| 2018 | 26 | +1.1pp |
| 2017 | 24.9 | +0.4pp |
| 2016 | 24.5 | +0.9pp |
| 2015 | 23.6 | -0.2pp |
| 2014 | 23.8 | -1.1pp |
| 2013 | 24.9 | -0.6pp |
| 2012 | 25.5 | +5.7pp |
| 2011 | 19.8 | +0.5pp |
| 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 | 18.9 | +0.3pp |
About this Dataset
South Korea recorded 25.8 % of GDP in 2024. The latest change was -1.6pp. Across 1972–2024 the series ranges from 11.8 % of GDP in 1973 to 29.8 % of GDP in 2022.
This page tracks general government revenue (taxes, grants, and other revenue) as a share of GDP in South Korea.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks general government revenue (taxes, grants, and other revenue) as a share of GDP in South Korea. It is published by World Bank and updated annually.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1972–2024 (53 observations).
The series peaked at 29.8 % of GDP in 2022 and reached its lowest recorded value of 11.8 % of GDP in 1973. The latest reading is 25.8 % of GDP in 2024. The latest change was -1.6pp.