Tax revenue (current LCU) in South Korea
South Korea: Tax revenue (current LCU) was 339.90 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
339.90 trillion current LCU
Change on year
down 3.3%
World rank
2nd
of 157 countries
All-time high
398.73 trillion current LCU
in 2022
All-time low
476.00 billion current LCU
in 1972
Years of data
53
1972–2024
Tax revenue in South Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
South Korea recorded 339.90 trillion current LCU for tax revenue in 2024.
The figure is down 3.3% on the previous year and up 64.2% over ten years.
Over the whole period, tax revenue in South Korea peaked at 398.73 trillion current LCU in 2022 and was at its lowest, 476.00 billion current LCU, in 1972.
South Korea ranks 2nd 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.
Tax revenue (current LCU) in South Korea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 476.00 billion current LCU | — |
| 1973 | 579.00 billion current LCU | +21.6% |
| 1974 | 915.00 billion current LCU | +58.0% |
| 1975 | 1.39 trillion current LCU | +52.2% |
| 1976 | 2.09 trillion current LCU | +50.3% |
| 1977 | 2.63 trillion current LCU | +25.7% |
| 1978 | 3.66 trillion current LCU | +39.2% |
| 1979 | 4.78 trillion current LCU | +30.5% |
| 1980 | 5.83 trillion current LCU | +21.9% |
| 1981 | 7.28 trillion current LCU | +24.9% |
| 1982 | 8.42 trillion current LCU | +15.7% |
| 1983 | 10.08 trillion current LCU | +19.7% |
| 1984 | 10.92 trillion current LCU | +8.4% |
| 1985 | 11.90 trillion current LCU | +8.9% |
| 1986 | 13.63 trillion current LCU | +14.6% |
| 1987 | 16.38 trillion current LCU | +20.1% |
| 1988 | 19.53 trillion current LCU | +19.2% |
| 1989 | 21.28 trillion current LCU | +9.0% |
| 1990 | 26.91 trillion current LCU | +26.5% |
| 1991 | 30.40 trillion current LCU | +12.9% |
| 1992 | 35.33 trillion current LCU | +16.2% |
| 1993 | 39.40 trillion current LCU | +11.5% |
| 1994 | 47.26 trillion current LCU | +20.0% |
| 1995 | 56.77 trillion current LCU | +20.1% |
| 1996 | 64.96 trillion current LCU | +14.4% |
| 1997 | 69.93 trillion current LCU | +7.6% |
| 1998 | 67.80 trillion current LCU | -3.0% |
| 1999 | 75.66 trillion current LCU | +11.6% |
| 2000 | 92.93 trillion current LCU | +22.8% |
| 2001 | 95.79 trillion current LCU | +3.1% |
| 2002 | 103.97 trillion current LCU | +8.5% |
| 2003 | 114.66 trillion current LCU | +10.3% |
| 2004 | 117.80 trillion current LCU | +2.7% |
| 2005 | 127.47 trillion current LCU | +8.2% |
| 2006 | 138.04 trillion current LCU | +8.3% |
| 2007 | 161.46 trillion current LCU | +17.0% |
| 2008 | 167.31 trillion current LCU | +3.6% |
| 2009 | 164.54 trillion current LCU | -1.7% |
| 2010 | 177.72 trillion current LCU | +8.0% |
| 2011 | 192.38 trillion current LCU | +8.3% |
| 2012 | 202.73 trillion current LCU | +5.4% |
| 2013 | 204.57 trillion current LCU | +0.9% |
| 2014 | 206.95 trillion current LCU | +1.2% |
| 2015 | 218.16 trillion current LCU | +5.4% |
| 2016 | 243.40 trillion current LCU | +11.6% |
| 2017 | 266.06 trillion current LCU | +9.3% |
| 2018 | 294.91 trillion current LCU | +10.8% |
| 2019 | 292.51 trillion current LCU | -0.8% |
| 2020 | 288.42 trillion current LCU | -1.4% |
| 2021 | 348.12 trillion current LCU | +20.7% |
| 2022 | 398.73 trillion current LCU | +14.5% |
| 2023 | 351.65 trillion current LCU | -11.8% |
| 2024 | 339.90 trillion current LCU | -3.3% |
South Korea compared with similar countries
- South Korea's 339.90 trillion current LCU is above the median for high income countries, which is 103.80 billion current LCU, 3274.4× the median. (57 countries reporting)
- South Korea's 339.90 trillion current LCU is above the median for East Asia & Pacific, which is 106.40 billion current LCU, 3194.6× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.07 trillion current LCU | 476.00 billion current LCU | 4.78 trillion current LCU | 8 |
| 1980s | 12.52 trillion current LCU | 5.83 trillion current LCU | 21.28 trillion current LCU | 10 |
| 1990s | 51.44 trillion current LCU | 26.91 trillion current LCU | 75.66 trillion current LCU | 10 |
| 2000s | 128.40 trillion current LCU | 92.93 trillion current LCU | 167.31 trillion current LCU | 10 |
| 2010s | 229.94 trillion current LCU | 177.72 trillion current LCU | 294.91 trillion current LCU | 10 |
| 2020s | 345.36 trillion current LCU | 288.42 trillion current LCU | 398.73 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)
- Chief executive of the government is elected, 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 tax revenue in South Korea?
- Tax revenue in South Korea was 339.90 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in South Korea?
- The highest recorded value was 398.73 trillion current LCU in 2022.
- What is the lowest tax revenue recorded in South Korea?
- The lowest recorded value was 476.00 billion current LCU in 1972.
- How does South Korea rank for tax revenue?
- South Korea ranks 2nd out of 157 countries with data for 2024.
- Is tax revenue rising or falling in South Korea?
- Over the last ten years it is up 64.2%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.