Revenue, General government, Percent of GDP in South Korea
South Korea: Revenue, General government, Percent of GDP was 23.54 in 2030. ▲ Rising
Latest (2030)
23.54
Change on year
unchanged
World rank
115th
of 195 countries
All-time high
25.19
in 2022
All-time low
16.19
in 1997
Years of data
35
1996–2030
Revenue, General government, Percent of GDP in South Korea, 1996–2030
Source: International Monetary Fund.
Analysis
The most recent figure for revenue, general government, percent of gdp in South Korea is 23.54, measured in 2030.
That represents a change of up 9.2% over ten years.
Over the whole period, revenue, general government, percent of gdp in South Korea peaked at 25.19 in 2022 and was at its lowest, 16.19, in 1997.
South Korea ranks 115th of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Revenue, General government, Percent of GDP in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 16.34 | — |
| 1997 | 16.19 | -0.9% |
| 1998 | 17.12 | +5.8% |
| 1999 | 17.29 | +1.0% |
| 2000 | 19.93 | +15.2% |
| 2001 | 19.36 | -2.8% |
| 2002 | 19.11 | -1.3% |
| 2003 | 19.38 | +1.4% |
| 2004 | 18.59 | -4.1% |
| 2005 | 19.11 | +2.8% |
| 2006 | 19.9 | +4.1% |
| 2007 | 21.3 | +7.0% |
| 2008 | 20.68 | -2.9% |
| 2009 | 19.78 | -4.4% |
| 2010 | 19.47 | -1.6% |
| 2011 | 20.01 | +2.8% |
| 2012 | 20.45 | +2.2% |
| 2013 | 19.81 | -3.2% |
| 2014 | 19.42 | -1.9% |
| 2015 | 19.3 | -0.6% |
| 2016 | 20.07 | +4.0% |
| 2017 | 20.71 | +3.2% |
| 2018 | 21.7 | +4.8% |
| 2019 | 21.62 | -0.4% |
| 2020 | 21.55 | -0.3% |
| 2021 | 24.08 | +11.7% |
| 2022 | 25.19 | +4.6% |
| 2023 | 22.41 | -11.0% |
| 2024 | 21.75 | -3.0% |
| 2025 | 22.59 | +3.9% |
| 2026 | 23.22 | +2.8% |
| 2027 | 23.31 | +0.4% |
| 2028 | 23.3 | -0.0% |
| 2029 | 23.54 | +1.0% |
| 2030 | 23.54 | +0.0% |
South Korea compared with similar countries
- South Korea's 23.54 is below the median for high income countries, which is 36.5, 64% of the median. (66 countries reporting)
- South Korea's 23.54 is below the median for East Asia & Pacific, which is 30.18, 78% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.74 | 16.19 | 17.29 | 4 |
| 2000s | 19.71 | 18.59 | 21.3 | 10 |
| 2010s | 20.26 | 19.3 | 21.7 | 10 |
| 2020s | 23.09 | 21.55 | 25.19 | 10 |
| 2030s | 23.54 | 23.54 | 23.54 | 1 |
Countries ranked near South Korea
More public sector data for South Korea
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 222.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
Frequently asked questions
- What is revenue, general government, percent of gdp in South Korea?
- Revenue, general government, percent of gdp in South Korea was 23.54 in 2030, according to International Monetary Fund.
- What is the highest revenue, general government, percent of gdp recorded in South Korea?
- The highest recorded value was 25.19 in 2022.
- What is the lowest revenue, general government, percent of gdp recorded in South Korea?
- The lowest recorded value was 16.19 in 1997.
- How does South Korea rank for revenue, general government, percent of gdp?
- South Korea ranks 115th out of 195 countries with data for 2030.
- Is revenue, general government, percent of gdp rising or falling in South Korea?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Revenue, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October