Korea vs Singapore: Tax revenue
Korea
13.3%
in 2024
Singapore
13.6%
in 2024
Korea rank
103rd
Singapore rank
101st
Tax revenue over time
- Korea
- Singapore
How they compare
Singapore currently reports 13.6% against 13.3% in Korea, a difference of 0.3%.
The two have swapped places 8 times across 53 shared years of data; in 1972 it was Singapore ahead.
Korea ranks 103rd and Singapore ranks 101st of 157 countries.
Across the 6 decades both report, Korea averaged higher in 3 and Singapore in 3.
Head to head by decade
| Decade | Korea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 12.8% | 15.7% | 2.9% | Singapore |
| 1980s | 13.6% | 16.1% | 2.6% | Singapore |
| 1990s | 12.4% | 15.4% | 3.0% | Singapore |
| 2000s | 13.3% | 12.9% | 0.3% | Korea |
| 2010s | 13.4% | 13.3% | 0.1% | Korea |
| 2020s | 14.9% | 12.8% | 2.1% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Korea or Singapore?
- Singapore, at 13.6% against 13.3% in Korea as of 2024.
- What is the difference in tax revenue between Korea and Singapore?
- 0.3%, with Singapore ahead.
- How many years of comparable data are there for Korea and Singapore?
- 53 years are reported by both, from 1972 to 2024.
- How do Korea and Singapore rank globally for tax revenue?
- Korea ranks 103rd and Singapore ranks 101st of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.