How does South Korea rank for taxes on goods and services (current lcu), per unit of gdp?

South 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 South Korea?

Over the last ten years it is up 9.8%. The long-run trend across the full record is rising.

Taxes on goods and services (current LCU), per unit of GDP in South Korea

Name: Taxes on goods and services (current LCU), per unit of GDP in South Korea
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

South Korea: Taxes on goods and services (current LCU), per unit of GDP was 61.22 current LCU per US$ of GDP in 2024. ▲ Rising

Latest (2024)

61.22 current LCU per US$ of GDP

Change on year

up 4.7%

World rank

20th

of 157 countries

All-time high

80.37 current LCU per US$ of GDP

in 2001

All-time low

21.85 current LCU per US$ of GDP

in 1973

Years of data

1972–2024

Taxes on goods and services (current LCU), per unit of GDP in South Korea, 1972–2024

Source: Statizoid (derived). Measured in current LCU per US$ of GDP.

Analysis

South 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 South 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.

South 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 South Korea, year by year

Annual values for Taxes on goods and services (current LCU), per unit of GDP in South Korea, 1972 to 2024.
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%

South Korea compared with similar countries

South Korea's 61.22 current LCU per US$ of GDP is above the median for high income countries, which is 0.1137 current LCU per US$ of GDP, 538.3× the median. (57 countries reporting)
South Korea's 61.22 current LCU per US$ of GDP is above the median for East Asia & Pacific, which is 0.3173 current LCU per US$ of GDP, 192.9× the median. (26 countries reporting)

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 South Korea

17 Rwanda 69.09 current LCU per US$ of GDP compare
18 Democratic Republic of Congo 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

See the full ranking of 157 places →

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)
Universal right to vote, annual growth rate 0 % change on previous year (2025)
Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
Arms imports 222.00 million SIPRI trend indicator values (2025)
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)

All data for South Korea →

Frequently asked questions

What is taxes on goods and services (current lcu), per unit of gdp in South Korea?: Taxes on goods and services (current lcu), per unit of gdp in South 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 South 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 South Korea?: The lowest recorded value was 21.85 current LCU per US$ of GDP in 1973.
How does South Korea rank for taxes on goods and services (current lcu), per unit of gdp?: South 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 South Korea?: Over the last ten years it is up 9.8%. The long-run trend across the full record is rising.
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), per unit of GDP. Statizoid updates them automatically from the source API.

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Taxes on goods and services (current LCU), per unit of GDP in South Korea. Statizoid, drawing on Statizoid (derived). Retrieved 08 November 2026, from https://public-sector.statizoid.com/stat/taxes-on-goods-and-services-current-lcu-per-unit-of-gdp/korea-rep/

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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

Indicator: Taxes on goods and services (current LCU), per unit of GDP
Unit: current LCU per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 157 places, 4,619 data points, 1972–2024
Last refreshed: 24 August 2026

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.