Other taxes in South Korea
South Korea: Other taxes was 31.91 trillion current LCU in 2024. ◆ Volatile
Other taxes in South Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for other taxes in South Korea is 31.91 trillion current LCU, measured in 2024.
Compared with earlier readings it is down 10.2% on the previous year and up 158.7% over ten years.
Over the whole period, other taxes in South Korea peaked at 35.53 trillion current LCU in 2023 and was at its lowest, 16.00 billion current LCU, in 1973.
That places South Korea 2nd out of 149 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 73.62 billion current LCU | 16.00 billion current LCU | 126.00 billion current LCU | 8 |
| 1980s | 488.60 billion current LCU | 167.00 billion current LCU | 974.00 billion current LCU | 10 |
| 1990s | 5.72 trillion current LCU | 1.47 trillion current LCU | 10.79 trillion current LCU | 10 |
| 2000s | 12.37 trillion current LCU | 8.62 trillion current LCU | 18.67 trillion current LCU | 10 |
| 2010s | 14.68 trillion current LCU | 12.25 trillion current LCU | 18.43 trillion current LCU | 10 |
| 2020s | 30.23 trillion current LCU | 20.12 trillion current LCU | 35.53 trillion current LCU | 5 |
Countries ranked near South Korea
More public sector data for South Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- Tax revenue 13.3% (2024)
- Taxes on income, profits and capital gains 27.5% (2024)
- Taxes on goods and services 17.0% (2024)
- Net investment in nonfinancial assets 1.3% (2024)
- Net lending (+) / net borrowing (-) -1.8% (2024)
- Interest payments 5.3% (2024)
- Grants and other revenue 19.8% (2024)
- Interest payments 4.4% (2023)
- Other taxes 4.7% (2024)
Frequently asked questions
- What is other taxes in South Korea?
- Other taxes in South Korea was 31.91 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other taxes recorded in South Korea?
- The highest recorded value was 35.53 trillion current LCU in 2023.
- What is the lowest other taxes recorded in South Korea?
- The lowest recorded value was 16.00 billion current LCU in 1973.
- How does South Korea rank for other taxes?
- South Korea ranks 2nd out of 149 countries with data for 2024.
- Is other taxes rising or falling in South Korea?
- Over the last ten years it is up 158.7%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Other taxes (current LCU). Statizoid updates them automatically from the source API.
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About this data
Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.