{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"kr-tax-revenue-gdp","url":"https://apiardata.com/statistics/kr-tax-revenue-gdp","html_url":"https://apiardata.com/statistics/kr-tax-revenue-gdp/","title":"South Korea Tax Revenue (% of GDP) (2024)","description":"South Korea's Tax Revenue (% of GDP): 13.3 % of GDP in 2024, -1.3pp YoY. World Bank (GC.TAX.TOTL.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 Tax 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.TAX.TOTL.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":"13.3","unit":"% of GDP","trend":{"direction":"down","value":"-1.3pp YoY"}},{"label":"YoY Change","value":"-1.3pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"South Korea Tax Revenue (% of GDP)"}],"observation_count":50,"observations":[{"period":"1975","value":13.0077504902419},{"period":"1976","value":14.2384826798008},{"period":"1977","value":13.9100448506389},{"period":"1978","value":14.3191276322789},{"period":"1979","value":14.4996145979376},{"period":"1980","value":14.4099704626528},{"period":"1981","value":14.3857304938745},{"period":"1982","value":14.4088914446886},{"period":"1983","value":14.4943795982653},{"period":"1984","value":13.5827991014456},{"period":"1985","value":13.1783289209876},{"period":"1986","value":12.8933419705044},{"period":"1987","value":13.076947647491},{"period":"1988","value":12.9913247012814},{"period":"1989","value":12.4668733348798},{"period":"1990","value":13.0195256602645},{"period":"1991","value":12.1605073352299},{"period":"1992","value":12.3353305120072},{"period":"1993","value":12.0980396612537},{"period":"1994","value":12.2756928243003},{"period":"1995","value":12.5554223019631},{"period":"1996","value":12.7934310209143},{"period":"1997","value":12.4759590509936},{"period":"1998","value":12.1766058073565},{"period":"1999","value":12.340859181825},{"period":"2000","value":13.7531698189491},{"period":"2001","value":13.0735362376319},{"period":"2002","value":12.784617893145},{"period":"2003","value":13.208480693589},{"period":"2004","value":12.4931152283316},{"period":"2005","value":12.8083639518859},{"period":"2006","value":13.2016025810223},{"period":"2007","value":14.2312247249175},{"period":"2008","value":13.9077106392006},{"period":"2009","value":13.1076925895728},{"period":"2010","value":12.8831803193742},{"period":"2011","value":13.2807181068078},{"period":"2012","value":13.4735488568588},{"period":"2013","value":13.022218187832},{"period":"2014","value":12.6305683354976},{"period":"2015","value":12.5326128931493},{"period":"2016","value":13.2783116833452},{"period":"2017","value":13.7554597684846},{"period":"2018","value":14.6942816823529},{"period":"2019","value":14.3348126134581},{"period":"2020","value":14.0112224960532},{"period":"2021","value":15.6673866200663},{"period":"2022","value":17.1586747410902},{"period":"2023","value":14.5990997893708},{"period":"2024","value":13.2937188380388}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"13.3","yoyChange":"-1.3pp"},{"year":"2023","value":"14.6","yoyChange":"-2.6pp"},{"year":"2022","value":"17.2","yoyChange":"+1.5pp"},{"year":"2021","value":"15.7","yoyChange":"+1.7pp"},{"year":"2020","value":"14.0","yoyChange":"-0.3pp"},{"year":"2019","value":"14.3","yoyChange":"-0.4pp"},{"year":"2018","value":"14.7","yoyChange":"+0.9pp"},{"year":"2017","value":"13.8","yoyChange":"+0.5pp"},{"year":"2016","value":"13.3","yoyChange":"+0.8pp"},{"year":"2015","value":"12.5","yoyChange":"-0.1pp"},{"year":"2014","value":"12.6","yoyChange":"-0.4pp"},{"year":"2013","value":"13.0","yoyChange":"-0.5pp"},{"year":"2012","value":"13.5","yoyChange":"+0.2pp"},{"year":"2011","value":"13.3","yoyChange":"+0.4pp"},{"year":"2010","value":"12.9","yoyChange":"-0.2pp"},{"year":"2009","value":"13.1","yoyChange":"-0.8pp"},{"year":"2008","value":"13.9","yoyChange":"-0.3pp"},{"year":"2007","value":"14.2","yoyChange":"+1.0pp"},{"year":"2006","value":"13.2","yoyChange":"+0.4pp"},{"year":"2005","value":"12.8","yoyChange":"+0.3pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks total government tax revenue as a share of GDP in South Korea from 1990 to present. Tax take shapes fiscal capacity, public services quality, and business cost environment. 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 17.2 % of GDP in 2022 and reached its lowest recorded value of 12.1 in 1993. The latest reading of 13.3 in 2024 represents a change of -1.3pp."}]}