Tax revenue decentralization, Ratio of this level of government's in Korea
Korea: Tax revenue decentralization, Ratio of this level of government's was 0.7346 in 2020. ▬ Flat
Tax revenue decentralization, Ratio of this level of government's in Korea, 2012–2020
Source: International Monetary Fund.
Analysis
The most recent figure for tax revenue decentralization, ratio of this level of government's in Korea is 0.7346, measured in 2020. That is the lowest value across all 9 years on record.
The figure is down 3.3% on the previous year and down 6.3% over ten years.
Over the whole period, tax revenue decentralization, ratio of this level of government's in Korea peaked at 0.7863 in 2013 and was at its lowest, 0.7346, in 2020.
Korea ranks 61st of 80 countries on this measure, in the bottom quarter.
Tax revenue decentralization, Ratio of this level of government's in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.7838 | — |
| 2013 | 0.7863 | +0.3% |
| 2014 | 0.765 | -2.7% |
| 2015 | 0.7492 | -2.1% |
| 2016 | 0.759 | +1.3% |
| 2017 | 0.764 | +0.7% |
| 2018 | 0.7741 | +1.3% |
| 2019 | 0.7598 | -1.8% |
| 2020 | 0.7346 | -3.3% |
Korea compared with similar countries
- Korea's 0.7346 is below the median for high income countries, which is 0.8224, 89% of the median. (42 countries reporting)
- Korea's 0.7346 is below the median for East Asia & Pacific, which is 0.8651, 85% of the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.7676 | 0.7492 | 0.7863 | 8 |
| 2020s | 0.7346 | 0.7346 | 0.7346 | 1 |
Countries ranked near Korea
More public sector data for 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 decentralization, ratio of this level of government's in Korea?
- Tax revenue decentralization, ratio of this level of government's in Korea was 0.7346 in 2020, according to International Monetary Fund.
- What is the highest tax revenue decentralization, ratio of this level of government's recorded in Korea?
- The highest recorded value was 0.7863 in 2013.
- What is the lowest tax revenue decentralization, ratio of this level of government's recorded in Korea?
- The lowest recorded value was 0.7346 in 2020.
- How does Korea rank for tax revenue decentralization, ratio of this level of government's?
- Korea ranks 61st out of 80 countries with data for 2020.
- Is tax revenue decentralization, ratio of this level of government's rising or falling in Korea?
- Over the last ten years it is down 6.3%. The long-run trend across the full record is flat.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Tax revenue decentralization, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.