Tax revenue (current LCU), annual growth rate in South Korea
South Korea: Tax revenue (current LCU), annual growth rate was -3.34 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-3.34 % change on previous year
Change on year
up 71.7%
World rank
138th
of 156 countries
All-time high
58.03 % change on previous year
in 1974
All-time low
-11.81 % change on previous year
in 2023
Years of data
52
1973–2024
Tax revenue (current LCU), annual growth rate in South Korea, 1973–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, tax revenue (current lcu), annual growth rate in South Korea stood at -3.34 % change on previous year.
That represents a change of up 71.7% on the previous year and down 387.2% over ten years.
Over the whole period, tax revenue (current lcu), annual growth rate in South Korea peaked at 58.03 % change on previous year in 1974 and was at its lowest, -11.81 % change on previous year, in 2023.
That places South Korea 138th out of 156 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU), annual growth rate in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 21.64 % change on previous year | — |
| 1974 | 58.03 % change on previous year | +168.2% |
| 1975 | 52.24 % change on previous year | -10.0% |
| 1976 | 50.25 % change on previous year | -3.8% |
| 1977 | 25.66 % change on previous year | -48.9% |
| 1978 | 39.2 % change on previous year | +52.8% |
| 1979 | 30.51 % change on previous year | -22.2% |
| 1980 | 21.91 % change on previous year | -28.2% |
| 1981 | 24.94 % change on previous year | +13.8% |
| 1982 | 15.68 % change on previous year | -37.2% |
| 1983 | 19.69 % change on previous year | +25.6% |
| 1984 | 8.37 % change on previous year | -57.5% |
| 1985 | 8.95 % change on previous year | +6.9% |
| 1986 | 14.6 % change on previous year | +63.2% |
| 1987 | 20.11 % change on previous year | +37.7% |
| 1988 | 19.24 % change on previous year | -4.4% |
| 1989 | 8.99 % change on previous year | -53.2% |
| 1990 | 26.46 % change on previous year | +194.2% |
| 1991 | 12.95 % change on previous year | -51.1% |
| 1992 | 16.24 % change on previous year | +25.4% |
| 1993 | 11.5 % change on previous year | -29.2% |
| 1994 | 19.96 % change on previous year | +73.5% |
| 1995 | 20.13 % change on previous year | +0.8% |
| 1996 | 14.42 % change on previous year | -28.4% |
| 1997 | 7.65 % change on previous year | -47.0% |
| 1998 | -3.05 % change on previous year | -139.8% |
| 1999 | 11.59 % change on previous year | -480.6% |
| 2000 | 22.84 % change on previous year | +97.0% |
| 2001 | 3.08 % change on previous year | -86.5% |
| 2002 | 8.53 % change on previous year | +177.5% |
| 2003 | 10.29 % change on previous year | +20.5% |
| 2004 | 2.73 % change on previous year | -73.4% |
| 2005 | 8.21 % change on previous year | +200.5% |
| 2006 | 8.3 % change on previous year | +1.1% |
| 2007 | 16.96 % change on previous year | +104.4% |
| 2008 | 3.62 % change on previous year | -78.7% |
| 2009 | -1.65 % change on previous year | -145.6% |
| 2010 | 8.01 % change on previous year | -584.7% |
| 2011 | 8.25 % change on previous year | +3.0% |
| 2012 | 5.38 % change on previous year | -34.8% |
| 2013 | 0.9066 % change on previous year | -83.2% |
| 2014 | 1.16 % change on previous year | +28.3% |
| 2015 | 5.42 % change on previous year | +366.0% |
| 2016 | 11.56 % change on previous year | +113.4% |
| 2017 | 9.31 % change on previous year | -19.5% |
| 2018 | 10.84 % change on previous year | +16.4% |
| 2019 | -0.8121 % change on previous year | -107.5% |
| 2020 | -1.4 % change on previous year | +72.6% |
| 2021 | 20.7 % change on previous year | -1577.1% |
| 2022 | 14.54 % change on previous year | -29.8% |
| 2023 | -11.81 % change on previous year | -181.2% |
| 2024 | -3.34 % change on previous year | -71.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.65 % change on previous year | 21.64 % change on previous year | 58.03 % change on previous year | 7 |
| 1980s | 16.25 % change on previous year | 8.37 % change on previous year | 24.94 % change on previous year | 10 |
| 1990s | 13.78 % change on previous year | -3.05 % change on previous year | 26.46 % change on previous year | 10 |
| 2000s | 8.29 % change on previous year | -1.65 % change on previous year | 22.84 % change on previous year | 10 |
| 2010s | 6 % change on previous year | -0.8121 % change on previous year | 11.56 % change on previous year | 10 |
| 2020s | 3.74 % change on previous year | -11.81 % change on previous year | 20.7 % change on previous year | 5 |
Countries ranked near South Korea
- 135 Kiribati -2.4 % change on previous year compare
- 136 Congo -2.62 % change on previous year compare
- 137 Mali -3.01 % change on previous year compare
- 139 Cambodia -4.24 % change on previous year compare
- 140 Marshall Islands -4.25 % change on previous year compare
- 141 China -4.3 % change on previous year compare
More public sector data for South Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.4824 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue (current lcu), annual growth rate in South Korea?
- Tax revenue (current lcu), annual growth rate in South Korea was -3.34 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), annual growth rate recorded in South Korea?
- The highest recorded value was 58.03 % change on previous year in 1974.
- What is the lowest tax revenue (current lcu), annual growth rate recorded in South Korea?
- The lowest recorded value was -11.81 % change on previous year in 2023.
- How does South Korea rank for tax revenue (current lcu), annual growth rate?
- South Korea ranks 138th out of 156 countries with data for 2024.
- Is tax revenue (current lcu), annual growth rate rising or falling in South Korea?
- Over the last ten years it is down 387.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Tax revenue (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Tax revenue (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Tax revenue (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.