Taxes on goods and services (current LCU), gaps filled in South Korea
South Korea: Taxes on goods and services (current LCU), gaps filled was 114.81 trillion current LCU in 2024. ◆ Volatile
Taxes on goods and services (current LCU), gaps filled in South Korea, 1972–2024
Source: Statizoid (derived). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services (current lcu), gaps filled in South Korea is 114.81 trillion current LCU, measured in 2024.
That represents a change of up 6.5% on the previous year and up 32.3% over ten years.
Over the whole period, taxes on goods and services (current lcu), gaps filled in South Korea peaked at 118.30 trillion current LCU in 2022 and was at its lowest, 241.50 billion current LCU, in 1972.
That places South Korea 4th out of 157 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), gaps filled in South Korea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 241.50 billion current LCU | — |
| 1973 | 307.40 billion current LCU | +27.3% |
| 1974 | 483.70 billion current LCU | +57.4% |
| 1975 | 755.00 billion current LCU | +56.1% |
| 1976 | 1.04 trillion current LCU | +37.7% |
| 1977 | 1.31 trillion current LCU | +25.9% |
| 1978 | 1.75 trillion current LCU | +33.7% |
| 1979 | 2.36 trillion current LCU | +34.5% |
| 1980 | 3.10 trillion current LCU | +31.4% |
| 1981 | 3.82 trillion current LCU | +23.4% |
| 1982 | 4.40 trillion current LCU | +15.2% |
| 1983 | 5.23 trillion current LCU | +18.8% |
| 1984 | 5.64 trillion current LCU | +7.8% |
| 1985 | 5.94 trillion current LCU | +5.4% |
| 1986 | 6.73 trillion current LCU | +13.2% |
| 1987 | 7.32 trillion current LCU | +8.8% |
| 1988 | 8.66 trillion current LCU | +18.3% |
| 1989 | 8.67 trillion current LCU | +0.1% |
| 1990 | 11.10 trillion current LCU | +28.1% |
| 1991 | 12.09 trillion current LCU | +8.8% |
| 1992 | 15.00 trillion current LCU | +24.1% |
| 1993 | 17.37 trillion current LCU | +15.8% |
| 1994 | 20.65 trillion current LCU | +18.9% |
| 1995 | 23.50 trillion current LCU | +13.8% |
| 1996 | 27.77 trillion current LCU | +18.2% |
| 1997 | 30.91 trillion current LCU | +11.3% |
| 1998 | 27.40 trillion current LCU | -11.4% |
| 1999 | 34.96 trillion current LCU | +27.6% |
| 2000 | 40.76 trillion current LCU | +16.6% |
| 2001 | 45.62 trillion current LCU | +11.9% |
| 2002 | 50.08 trillion current LCU | +9.8% |
| 2003 | 52.51 trillion current LCU | +4.9% |
| 2004 | 53.10 trillion current LCU | +1.1% |
| 2005 | 55.77 trillion current LCU | +5.0% |
| 2006 | 57.52 trillion current LCU | +3.1% |
| 2007 | 63.30 trillion current LCU | +10.1% |
| 2008 | 65.85 trillion current LCU | +4.0% |
| 2009 | 67.03 trillion current LCU | +1.8% |
| 2010 | 74.70 trillion current LCU | +11.4% |
| 2011 | 75.80 trillion current LCU | +1.5% |
| 2012 | 86.54 trillion current LCU | +14.2% |
| 2013 | 85.01 trillion current LCU | -1.8% |
| 2014 | 86.77 trillion current LCU | +2.1% |
| 2015 | 88.35 trillion current LCU | +1.8% |
| 2016 | 99.36 trillion current LCU | +12.5% |
| 2017 | 105.37 trillion current LCU | +6.0% |
| 2018 | 111.34 trillion current LCU | +5.7% |
| 2019 | 108.04 trillion current LCU | -3.0% |
| 2020 | 107.27 trillion current LCU | -0.7% |
| 2021 | 117.70 trillion current LCU | +9.7% |
| 2022 | 118.30 trillion current LCU | +0.5% |
| 2023 | 107.85 trillion current LCU | -8.8% |
| 2024 | 114.81 trillion current LCU | +6.5% |
South Korea compared with similar countries
- South Korea's 114.81 trillion current LCU is above the median for high income countries, which is 39.13 billion current LCU, 2934.0× the median. (57 countries reporting)
- South Korea's 114.81 trillion current LCU is above the median for East Asia & Pacific, which is 34.13 billion current LCU, 3364.2× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.03 trillion current LCU | 241.50 billion current LCU | 2.36 trillion current LCU | 8 |
| 1980s | 5.95 trillion current LCU | 3.10 trillion current LCU | 8.67 trillion current LCU | 10 |
| 1990s | 22.07 trillion current LCU | 11.10 trillion current LCU | 34.96 trillion current LCU | 10 |
| 2000s | 55.15 trillion current LCU | 40.76 trillion current LCU | 67.03 trillion current LCU | 10 |
| 2010s | 92.13 trillion current LCU | 74.70 trillion current LCU | 111.34 trillion current LCU | 10 |
| 2020s | 113.19 trillion current LCU | 107.27 trillion current LCU | 118.30 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)
- 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)
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- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
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Frequently asked questions
- What is taxes on goods and services (current lcu), gaps filled in South Korea?
- Taxes on goods and services (current lcu), gaps filled in South Korea was 114.81 trillion current LCU in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), gaps filled recorded in South Korea?
- The highest recorded value was 118.30 trillion current LCU in 2022.
- What is the lowest taxes on goods and services (current lcu), gaps filled recorded in South Korea?
- The lowest recorded value was 241.50 billion current LCU in 1972.
- How does South Korea rank for taxes on goods and services (current lcu), gaps filled?
- South Korea ranks 4th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), gaps filled rising or falling in South Korea?
- Over the last ten years it is up 32.3%. 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 Taxes on goods and services (current LCU), gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes on goods and services (current LCU) with 50 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Taxes on goods and services (current LCU) with 50 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.