Revenue, excluding grants in South Korea
South Korea: Revenue, excluding grants was 658.88 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
658.88 trillion current LCU
Change on year
up 0.0%
World rank
3rd
of 157 countries
All-time high
691.86 trillion current LCU
in 2022
All-time low
550.00 billion current LCU
in 1972
Years of data
53
1972–2024
Revenue, excluding grants 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 revenue, excluding grants in South Korea is 658.88 trillion current LCU, measured in 2024.
The figure is up 68.7% over ten years.
Over the whole period, revenue, excluding grants in South Korea peaked at 691.86 trillion current LCU in 2022 and was at its lowest, 550.00 billion current LCU, in 1972.
South Korea ranks 3rd of 157 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Revenue, excluding grants in South Korea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 550.00 billion current LCU | — |
| 1973 | 659.00 billion current LCU | +19.8% |
| 1974 | 1.01 trillion current LCU | +53.7% |
| 1975 | 1.54 trillion current LCU | +51.7% |
| 1976 | 2.31 trillion current LCU | +50.4% |
| 1977 | 2.94 trillion current LCU | +27.1% |
| 1978 | 4.08 trillion current LCU | +39.0% |
| 1979 | 5.38 trillion current LCU | +31.6% |
| 1980 | 6.74 trillion current LCU | +25.3% |
| 1981 | 8.53 trillion current LCU | +26.7% |
| 1982 | 9.88 trillion current LCU | +15.7% |
| 1983 | 11.42 trillion current LCU | +15.6% |
| 1984 | 12.51 trillion current LCU | +9.6% |
| 1985 | 13.74 trillion current LCU | +9.8% |
| 1986 | 15.72 trillion current LCU | +14.4% |
| 1987 | 18.51 trillion current LCU | +17.7% |
| 1988 | 22.56 trillion current LCU | +21.9% |
| 1989 | 25.50 trillion current LCU | +13.1% |
| 1990 | 31.33 trillion current LCU | +22.9% |
| 1991 | 35.95 trillion current LCU | +14.7% |
| 1992 | 42.87 trillion current LCU | +19.3% |
| 1993 | 49.83 trillion current LCU | +16.2% |
| 1994 | 59.73 trillion current LCU | +19.9% |
| 1995 | 70.86 trillion current LCU | +18.6% |
| 1996 | 82.97 trillion current LCU | +17.1% |
| 1997 | 90.74 trillion current LCU | +9.4% |
| 1998 | 95.35 trillion current LCU | +5.1% |
| 1999 | 106.01 trillion current LCU | +11.2% |
| 2000 | 134.65 trillion current LCU | +27.0% |
| 2001 | 141.86 trillion current LCU | +5.4% |
| 2002 | 155.44 trillion current LCU | +9.6% |
| 2003 | 168.22 trillion current LCU | +8.2% |
| 2004 | 175.25 trillion current LCU | +4.2% |
| 2005 | 188.54 trillion current LCU | +7.6% |
| 2006 | 206.08 trillion current LCU | +9.3% |
| 2007 | 236.01 trillion current LCU | +14.5% |
| 2008 | 246.61 trillion current LCU | +4.5% |
| 2009 | 245.48 trillion current LCU | -0.5% |
| 2010 | 265.78 trillion current LCU | +8.3% |
| 2011 | 287.40 trillion current LCU | +8.1% |
| 2012 | 383.82 trillion current LCU | +33.5% |
| 2013 | 391.94 trillion current LCU | +2.1% |
| 2014 | 390.55 trillion current LCU | -0.4% |
| 2015 | 411.42 trillion current LCU | +5.3% |
| 2016 | 448.38 trillion current LCU | +9.0% |
| 2017 | 480.67 trillion current LCU | +7.2% |
| 2018 | 521.03 trillion current LCU | +8.4% |
| 2019 | 536.55 trillion current LCU | +3.0% |
| 2020 | 541.51 trillion current LCU | +0.9% |
| 2021 | 622.68 trillion current LCU | +15.0% |
| 2022 | 691.86 trillion current LCU | +11.1% |
| 2023 | 658.83 trillion current LCU | -4.8% |
| 2024 | 658.88 trillion current LCU | +0.0% |
South Korea compared with similar countries
- South Korea's 658.88 trillion current LCU is above the median for high income countries, which is 144.50 billion current LCU, 4559.6× the median. (57 countries reporting)
- South Korea's 658.88 trillion current LCU is above the median for East Asia & Pacific, which is 131.04 billion current LCU, 5028.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.31 trillion current LCU | 550.00 billion current LCU | 5.38 trillion current LCU | 8 |
| 1980s | 14.51 trillion current LCU | 6.74 trillion current LCU | 25.50 trillion current LCU | 10 |
| 1990s | 66.56 trillion current LCU | 31.33 trillion current LCU | 106.01 trillion current LCU | 10 |
| 2000s | 189.81 trillion current LCU | 134.65 trillion current LCU | 246.61 trillion current LCU | 10 |
| 2010s | 411.76 trillion current LCU | 265.78 trillion current LCU | 536.55 trillion current LCU | 10 |
| 2020s | 634.75 trillion current LCU | 541.51 trillion current LCU | 691.86 trillion current LCU | 5 |
Countries ranked near South Korea
More public sector data for South Korea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is revenue, excluding grants in South Korea?
- Revenue, excluding grants in South Korea was 658.88 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in South Korea?
- The highest recorded value was 691.86 trillion current LCU in 2022.
- What is the lowest revenue, excluding grants recorded in South Korea?
- The lowest recorded value was 550.00 billion current LCU in 1972.
- How does South Korea rank for revenue, excluding grants?
- South Korea ranks 3rd out of 157 countries with data for 2024.
- Is revenue, excluding grants rising or falling in South Korea?
- Over the last ten years it is up 68.7%. 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 Revenue, excluding grants (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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.