Korea, Rep.
Tax revenue (% of GDP)
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Historical trend
Analytical takeaways
- Korea, Rep. records 13.29% for Tax revenue (% of GDP) in 2024, ranking #67 globally out of 89 countries.
- Tax revenue (% of GDP) increased from 11.02% in 1972 to 13.29% in 2024, a gain of 2.27%.
- The country sits in the bottom quartile of the global distribution for this metric, which also makes the page relevant for low-value and lagging-performance searches.
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Comparison
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