Taxes on goods and services (current LCU), annual growth rate in Republic of Korea
Republic of Korea: Taxes on goods and services (current LCU), annual growth rate was 6.45 % change on previous year in 2024. ◆ Volatile
Latest (2024)
6.45 % change on previous year
Change on year
up 173.0%
World rank
101st
of 156 countries
All-time high
57.35 % change on previous year
in 1974
All-time low
-11.36 % change on previous year
in 1998
Years of data
52
1973–2024
Taxes on goods and services (current LCU), annual growth rate in Republic of Korea, 1973–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Republic of Korea recorded 6.45 % change on previous year for taxes on goods and services (current lcu), annual growth rate in 2024.
The figure is up 173.0% on the previous year and up 211.7% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Republic of Korea peaked at 57.35 % change on previous year in 1974 and was at its lowest, -11.36 % change on previous year, in 1998.
Republic of Korea ranks 101st of 156 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 27.29 % change on previous year | — |
| 1974 | 57.35 % change on previous year | +110.2% |
| 1975 | 56.09 % change on previous year | -2.2% |
| 1976 | 37.75 % change on previous year | -32.7% |
| 1977 | 25.93 % change on previous year | -31.3% |
| 1978 | 33.74 % change on previous year | +30.1% |
| 1979 | 34.53 % change on previous year | +2.4% |
| 1980 | 31.38 % change on previous year | -9.1% |
| 1981 | 23.35 % change on previous year | -25.6% |
| 1982 | 15.21 % change on previous year | -34.9% |
| 1983 | 18.77 % change on previous year | +23.4% |
| 1984 | 7.85 % change on previous year | -58.2% |
| 1985 | 5.39 % change on previous year | -31.2% |
| 1986 | 13.25 % change on previous year | +145.6% |
| 1987 | 8.83 % change on previous year | -33.4% |
| 1988 | 18.3 % change on previous year | +107.3% |
| 1989 | 0.0693 % change on previous year | -99.6% |
| 1990 | 28.12 % change on previous year | +40488.5% |
| 1991 | 8.83 % change on previous year | -68.6% |
| 1992 | 24.12 % change on previous year | +173.0% |
| 1993 | 15.79 % change on previous year | -34.5% |
| 1994 | 18.88 % change on previous year | +19.6% |
| 1995 | 13.79 % change on previous year | -27.0% |
| 1996 | 18.18 % change on previous year | +31.9% |
| 1997 | 11.32 % change on previous year | -37.7% |
| 1998 | -11.36 % change on previous year | -200.3% |
| 1999 | 27.59 % change on previous year | -342.9% |
| 2000 | 16.58 % change on previous year | -39.9% |
| 2001 | 11.92 % change on previous year | -28.1% |
| 2002 | 9.79 % change on previous year | -17.9% |
| 2003 | 4.85 % change on previous year | -50.5% |
| 2004 | 1.12 % change on previous year | -76.9% |
| 2005 | 5.03 % change on previous year | +348.0% |
| 2006 | 3.14 % change on previous year | -37.6% |
| 2007 | 10.05 % change on previous year | +220.2% |
| 2008 | 4.02 % change on previous year | -60.0% |
| 2009 | 1.8 % change on previous year | -55.3% |
| 2010 | 11.45 % change on previous year | +537.0% |
| 2011 | 1.47 % change on previous year | -87.2% |
| 2012 | 14.18 % change on previous year | +866.6% |
| 2013 | -1.77 % change on previous year | -112.5% |
| 2014 | 2.07 % change on previous year | -217.0% |
| 2015 | 1.82 % change on previous year | -12.0% |
| 2016 | 12.46 % change on previous year | +584.0% |
| 2017 | 6.05 % change on previous year | -51.4% |
| 2018 | 5.66 % change on previous year | -6.4% |
| 2019 | -2.96 % change on previous year | -152.3% |
| 2020 | -0.7192 % change on previous year | -75.7% |
| 2021 | 9.73 % change on previous year | -1452.7% |
| 2022 | 0.5132 % change on previous year | -94.7% |
| 2023 | -8.84 % change on previous year | -1822.0% |
| 2024 | 6.45 % change on previous year | -173.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 38.95 % change on previous year | 25.93 % change on previous year | 57.35 % change on previous year | 7 |
| 1980s | 14.24 % change on previous year | 0.0693 % change on previous year | 31.38 % change on previous year | 10 |
| 1990s | 15.53 % change on previous year | -11.36 % change on previous year | 28.12 % change on previous year | 10 |
| 2000s | 6.83 % change on previous year | 1.12 % change on previous year | 16.58 % change on previous year | 10 |
| 2010s | 5.04 % change on previous year | -2.96 % change on previous year | 14.18 % change on previous year | 10 |
| 2020s | 1.43 % change on previous year | -8.84 % change on previous year | 9.73 % change on previous year | 5 |
Countries ranked near Republic of Korea
- 98 Costa Rica 6.87 % change on previous year compare
- 99 Ecuador 6.85 % change on previous year compare
- 100 Kenya 6.65 % change on previous year compare
- 102 Netherlands 6.4 % change on previous year compare
- 103 Uruguay 6.37 % change on previous year compare
- 104 Hungary 5.84 % change on previous year compare
More public sector data for Republic of 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 taxes on goods and services (current lcu), annual growth rate in Republic of Korea?
- Taxes on goods and services (current lcu), annual growth rate in Republic of Korea was 6.45 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Republic of Korea?
- The highest recorded value was 57.35 % change on previous year in 1974.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Republic of Korea?
- The lowest recorded value was -11.36 % change on previous year in 1998.
- How does Republic of Korea rank for taxes on goods and services (current lcu), annual growth rate?
- Republic of Korea ranks 101st out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is up 211.7%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services 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 Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.