{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"kr-government-revenue-gdp","url":"https://apiardata.com/statistics/kr-government-revenue-gdp","html_url":"https://apiardata.com/statistics/kr-government-revenue-gdp/","title":"South Korea Government Revenue (% of GDP) (2024)","description":"South Korea's Government Revenue (% of GDP): 25.8 % of GDP in 2024, -1.6pp YoY. World Bank (GC.REV.XGRT.GD.ZS), 1975–2024.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","World Bank","South Korea","2024"],"publisher":"World Bank","frequency":"Annual","geography":"South Korea","temporal_coverage":"1975/2024","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2024","variable_measured":"South Korea Government Revenue (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS?locations=KR"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1975–2024"},{"label":"Observations","value":"50"},{"label":"Geography","value":"South Korea"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"South Korea (2024)","value":"25.8","unit":"% of GDP","trend":{"direction":"down","value":"-1.6pp YoY"}},{"label":"YoY Change","value":"-1.6pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"South Korea Government Revenue (% of GDP)"}],"observation_count":50,"observations":[{"period":"1975","value":14.352413857503},{"period":"1976","value":15.7283191379357},{"period":"1977","value":15.5390539053905},{"period":"1978","value":15.9735911636785},{"period":"1979","value":16.3143424191111},{"period":"1980","value":16.668563257915},{"period":"1981","value":16.8683462537407},{"period":"1982","value":16.9007961772538},{"period":"1983","value":16.4232238020238},{"period":"1984","value":15.5617582012991},{"period":"1985","value":15.217608028623},{"period":"1986","value":14.8669670763018},{"period":"1987","value":14.7810393841633},{"period":"1988","value":15.0086194106066},{"period":"1989","value":14.9389250909738},{"period":"1990","value":15.1572763343889},{"period":"1991","value":14.3812191231649},{"period":"1992","value":14.9666209789643},{"period":"1993","value":15.3027288991358},{"period":"1994","value":15.5131240120043},{"period":"1995","value":15.6709468270988},{"period":"1996","value":16.3403236593691},{"period":"1997","value":16.1890590934555},{"period":"1998","value":17.1249434927438},{"period":"1999","value":17.2910865052287},{"period":"2000","value":19.9261126368626},{"period":"2001","value":19.3611814613187},{"period":"2002","value":19.1145592599543},{"period":"2003","value":19.3772907507407},{"period":"2004","value":18.5865674223577},{"period":"2005","value":18.9457638376347},{"period":"2006","value":19.7084682716194},{"period":"2007","value":20.8019087537845},{"period":"2008","value":20.4999234812355},{"period":"2009","value":19.5551440528429},{"period":"2010","value":19.2669365886743},{"period":"2011","value":19.840430558129},{"period":"2012","value":25.5086081431188},{"period":"2013","value":24.9494763702353},{"period":"2014","value":23.8361453515722},{"period":"2015","value":23.6343458597577},{"period":"2016","value":24.4609578600766},{"period":"2017","value":24.8507535910186},{"period":"2018","value":25.9611385420606},{"period":"2019","value":26.2939664582305},{"period":"2020","value":26.3065329311566},{"period":"2021","value":28.0245804485222},{"period":"2022","value":29.7729228756878},{"period":"2023","value":27.3522982777032},{"period":"2024","value":25.7690025538074}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"25.8","yoyChange":"-1.6pp"},{"year":"2023","value":"27.4","yoyChange":"-2.4pp"},{"year":"2022","value":"29.8","yoyChange":"+1.8pp"},{"year":"2021","value":"28.0","yoyChange":"+1.7pp"},{"year":"2020","value":"26.3","yoyChange":"unchanged"},{"year":"2019","value":"26.3","yoyChange":"+0.3pp"},{"year":"2018","value":"26.0","yoyChange":"+1.1pp"},{"year":"2017","value":"24.9","yoyChange":"+0.4pp"},{"year":"2016","value":"24.5","yoyChange":"+0.9pp"},{"year":"2015","value":"23.6","yoyChange":"-0.2pp"},{"year":"2014","value":"23.8","yoyChange":"-1.1pp"},{"year":"2013","value":"24.9","yoyChange":"-0.6pp"},{"year":"2012","value":"25.5","yoyChange":"+5.7pp"},{"year":"2011","value":"19.8","yoyChange":"+0.5pp"},{"year":"2010","value":"19.3","yoyChange":"-0.3pp"},{"year":"2009","value":"19.6","yoyChange":"-0.9pp"},{"year":"2008","value":"20.5","yoyChange":"-0.3pp"},{"year":"2007","value":"20.8","yoyChange":"+1.1pp"},{"year":"2006","value":"19.7","yoyChange":"+0.8pp"},{"year":"2005","value":"18.9","yoyChange":"+0.4pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks general government revenue (taxes, grants, and other revenue) as a share of GDP in South Korea from 1990 to present. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"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 1975–2024 (50 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 29.8 % of GDP in 2022 and reached its lowest recorded value of 14.4 in 1975. The latest reading of 25.8 in 2024 represents a change of -1.6pp."}]}