South Korea Tax Revenue (% of GDP) (2024)
South Korea's Tax Revenue (% of GDP): 13.3 % of GDP in 2024, -1.3pp YoY. World Bank (GC.TAX.TOTL.GD.ZS), 1972–2024.
South Korea (2024)
13.3
% of GDP
-1.3pp YoY
YoY Change
-1.3pp
percentage points
Trend
down
Series length
53
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 13.3 | -1.3pp |
| 2023 | 14.6 | -2.6pp |
| 2022 | 17.2 | +1.5pp |
| 2021 | 15.7 | +1.7pp |
| 2020 | 14 | -0.3pp |
| 2019 | 14.3 | -0.4pp |
| 2018 | 14.7 | +0.9pp |
| 2017 | 13.8 | +0.5pp |
| 2016 | 13.3 | +0.8pp |
| 2015 | 12.5 | -0.1pp |
| 2014 | 12.6 | -0.4pp |
| 2013 | 13 | -0.5pp |
| 2012 | 13.5 | +0.2pp |
| 2011 | 13.3 | +0.4pp |
| 2010 | 12.9 | -0.2pp |
| 2009 | 13.1 | -0.8pp |
| 2008 | 13.9 | -0.3pp |
| 2007 | 14.2 | +1pp |
| 2006 | 13.2 | +0.4pp |
| 2005 | 12.8 | +0.3pp |
About this Dataset
South Korea recorded 13.3 % of GDP in 2024. The latest change was -1.3pp. Across 1972–2024 the series ranges from 10.3 % of GDP in 1973 to 17.2 % of GDP in 2022.
This page tracks total government tax revenue as a share of GDP in South Korea. Tax take shapes fiscal capacity, public services quality, and business cost environment.
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 total government tax revenue as a share of GDP in South Korea. Tax take shapes fiscal capacity, public services quality, and business cost environment. 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 17.2 % of GDP in 2022 and reached its lowest recorded value of 10.3 % of GDP in 1973. The latest reading is 13.3 % of GDP in 2024. The latest change was -1.3pp.