South Korea vs Singapore: Tax revenue (% of GDP)
South Korea
13.3%
in 2024
Singapore
13.6%
in 2024
South Korea rank
103rd
Singapore rank
101st
Tax revenue (% of GDP) over time
- South Korea
- Singapore
How they compare
Singapore currently reports 13.6% against 13.3% in South 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.
South Korea ranks 103rd and Singapore ranks 101st of 157 countries.
Across the 6 decades both report, South Korea averaged higher in 3 and Singapore in 3.
Head to head by decade
| Decade | South 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% | South Korea |
| 2010s | 13.4% | 13.3% | 0.1% | South Korea |
| 2020s | 14.9% | 12.8% | 2.1% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, South Korea or Singapore?
- Singapore, at 13.6% against 13.3% in South Korea as of 2024.
- What is the difference in tax revenue between South Korea and Singapore?
- 0.3%, with Singapore ahead.
- How many years of comparable data are there for South Korea and Singapore?
- 53 years are reported by both, from 1972 to 2024.
- How do South Korea and Singapore rank globally for tax revenue?
- South 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.
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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.