Taxes on goods and services (current LCU), per unit of GDP in Republic of Korea
Republic of Korea: Taxes on goods and services (current LCU), per unit of GDP was 61.22 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Republic of Korea, 1972–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Republic of Korea recorded 61.22 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2024.
The figure is up 4.7% on the previous year and up 9.8% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Republic of Korea peaked at 80.37 current LCU per US$ of GDP in 2001 and was at its lowest, 21.85 current LCU per US$ of GDP, in 1973.
Republic of Korea ranks 20th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Republic of Korea, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1972 | 21.97 current LCU per US$ of GDP | — |
| 1973 | 21.85 current LCU per US$ of GDP | -0.6% |
| 1974 | 24.35 current LCU per US$ of GDP | +11.5% |
| 1975 | 34.12 current LCU per US$ of GDP | +40.1% |
| 1976 | 34.24 current LCU per US$ of GDP | +0.4% |
| 1977 | 33.53 current LCU per US$ of GDP | -2.1% |
| 1978 | 33.16 current LCU per US$ of GDP | -1.1% |
| 1979 | 34.61 current LCU per US$ of GDP | +4.4% |
| 1980 | 46.52 current LCU per US$ of GDP | +34.4% |
| 1981 | 51.41 current LCU per US$ of GDP | +10.5% |
| 1982 | 55.05 current LCU per US$ of GDP | +7.1% |
| 1983 | 58.31 current LCU per US$ of GDP | +5.9% |
| 1984 | 56.5 current LCU per US$ of GDP | -3.1% |
| 1985 | 57.25 current LCU per US$ of GDP | +1.3% |
| 1986 | 56.07 current LCU per US$ of GDP | -2.0% |
| 1987 | 48.09 current LCU per US$ of GDP | -14.2% |
| 1988 | 42.15 current LCU per US$ of GDP | -12.3% |
| 1989 | 34.09 current LCU per US$ of GDP | -19.1% |
| 1990 | 38.02 current LCU per US$ of GDP | +11.5% |
| 1991 | 35.46 current LCU per US$ of GDP | -6.7% |
| 1992 | 40.88 current LCU per US$ of GDP | +15.3% |
| 1993 | 42.81 current LCU per US$ of GDP | +4.7% |
| 1994 | 43.09 current LCU per US$ of GDP | +0.7% |
| 1995 | 40.08 current LCU per US$ of GDP | -7.0% |
| 1996 | 43.99 current LCU per US$ of GDP | +9.8% |
| 1997 | 52.46 current LCU per US$ of GDP | +19.3% |
| 1998 | 68.97 current LCU per US$ of GDP | +31.5% |
| 1999 | 67.79 current LCU per US$ of GDP | -1.7% |
| 2000 | 68.21 current LCU per US$ of GDP | +0.6% |
| 2001 | 80.37 current LCU per US$ of GDP | +17.8% |
| 2002 | 77.05 current LCU per US$ of GDP | -4.1% |
| 2003 | 72.08 current LCU per US$ of GDP | -6.4% |
| 2004 | 64.5 current LCU per US$ of GDP | -10.5% |
| 2005 | 57.39 current LCU per US$ of GDP | -11.0% |
| 2006 | 52.52 current LCU per US$ of GDP | -8.5% |
| 2007 | 51.85 current LCU per US$ of GDP | -1.3% |
| 2008 | 60.32 current LCU per US$ of GDP | +16.3% |
| 2009 | 68.19 current LCU per US$ of GDP | +13.0% |
| 2010 | 62.63 current LCU per US$ of GDP | -8.2% |
| 2011 | 57.99 current LCU per US$ of GDP | -7.4% |
| 2012 | 64.81 current LCU per US$ of GDP | +11.8% |
| 2013 | 59.26 current LCU per US$ of GDP | -8.6% |
| 2014 | 55.76 current LCU per US$ of GDP | -5.9% |
| 2015 | 57.4 current LCU per US$ of GDP | +2.9% |
| 2016 | 62.92 current LCU per US$ of GDP | +9.6% |
| 2017 | 61.61 current LCU per US$ of GDP | -2.1% |
| 2018 | 61.03 current LCU per US$ of GDP | -0.9% |
| 2019 | 61.7 current LCU per US$ of GDP | +1.1% |
| 2020 | 61.5 current LCU per US$ of GDP | -0.3% |
| 2021 | 60.6 current LCU per US$ of GDP | -1.5% |
| 2022 | 65.75 current LCU per US$ of GDP | +8.5% |
| 2023 | 58.46 current LCU per US$ of GDP | -11.1% |
| 2024 | 61.22 current LCU per US$ of GDP | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.73 current LCU per US$ of GDP | 21.85 current LCU per US$ of GDP | 34.61 current LCU per US$ of GDP | 8 |
| 1980s | 50.54 current LCU per US$ of GDP | 34.09 current LCU per US$ of GDP | 58.31 current LCU per US$ of GDP | 10 |
| 1990s | 47.36 current LCU per US$ of GDP | 35.46 current LCU per US$ of GDP | 68.97 current LCU per US$ of GDP | 10 |
| 2000s | 65.25 current LCU per US$ of GDP | 51.85 current LCU per US$ of GDP | 80.37 current LCU per US$ of GDP | 10 |
| 2010s | 60.51 current LCU per US$ of GDP | 55.76 current LCU per US$ of GDP | 64.81 current LCU per US$ of GDP | 10 |
| 2020s | 61.51 current LCU per US$ of GDP | 58.46 current LCU per US$ of GDP | 65.75 current LCU per US$ of GDP | 5 |
Countries ranked near Republic of Korea
- 17 Rwanda 69.09 current LCU per US$ of GDP compare
- 18 Congo, Democratic Republic of the 64.44 current LCU per US$ of GDP compare
- 19 Senegal 62.06 current LCU per US$ of GDP compare
- 21 Burkina Faso 57.75 current LCU per US$ of GDP compare
- 22 Myanmar 54.03 current LCU per US$ of GDP compare
- 23 Hungary 53.51 current LCU per US$ of GDP 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), per unit of gdp in Republic of Korea?
- Taxes on goods and services (current lcu), per unit of gdp in Republic of Korea was 61.22 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Republic of Korea?
- The highest recorded value was 80.37 current LCU per US$ of GDP in 2001.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Republic of Korea?
- The lowest recorded value was 21.85 current LCU per US$ of GDP in 1973.
- How does Republic of Korea rank for taxes on goods and services (current lcu), per unit of gdp?
- Republic of Korea ranks 20th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Republic of Korea?
- Over the last ten years it is up 9.8%. The long-run trend across the full record is rising.
- 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.