Taxes on income, profits and capital gains in Republic of Korea
Republic of Korea: Taxes on income, profits and capital gains was 186.15 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
186.15 trillion current LCU
Change on year
down 7.4%
World rank
3rd
of 153 countries
All-time high
237.27 trillion current LCU
in 2022
All-time low
159.00 billion current LCU
in 1972
Years of data
53
1972–2024
Taxes on income, profits and capital gains in Republic of Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Republic of Korea recorded 186.15 trillion current LCU for taxes on income, profits and capital gains in 2024.
Compared with earlier readings it is down 7.4% on the previous year and up 87.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in Republic of Korea peaked at 237.27 trillion current LCU in 2022 and was at its lowest, 159.00 billion current LCU, in 1972.
That places Republic of Korea 3rd out of 153 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 income, profits and capital gains in Republic of Korea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 159.00 billion current LCU | — |
| 1973 | 174.00 billion current LCU | +9.4% |
| 1974 | 276.00 billion current LCU | +58.6% |
| 1975 | 344.00 billion current LCU | +24.6% |
| 1976 | 602.00 billion current LCU | +75.0% |
| 1977 | 736.00 billion current LCU | +22.3% |
| 1978 | 1.04 trillion current LCU | +41.7% |
| 1979 | 1.38 trillion current LCU | +32.4% |
| 1980 | 1.50 trillion current LCU | +8.9% |
| 1981 | 1.96 trillion current LCU | +30.2% |
| 1982 | 2.36 trillion current LCU | +20.4% |
| 1983 | 2.61 trillion current LCU | +10.7% |
| 1984 | 2.87 trillion current LCU | +9.9% |
| 1985 | 3.47 trillion current LCU | +21.2% |
| 1986 | 3.97 trillion current LCU | +14.2% |
| 1987 | 5.29 trillion current LCU | +33.4% |
| 1988 | 6.84 trillion current LCU | +29.3% |
| 1989 | 8.86 trillion current LCU | +29.5% |
| 1990 | 10.64 trillion current LCU | +20.1% |
| 1991 | 11.23 trillion current LCU | +5.6% |
| 1992 | 14.07 trillion current LCU | +25.2% |
| 1993 | 15.65 trillion current LCU | +11.2% |
| 1994 | 18.65 trillion current LCU | +19.2% |
| 1995 | 22.31 trillion current LCU | +19.6% |
| 1996 | 24.14 trillion current LCU | +8.2% |
| 1997 | 24.29 trillion current LCU | +0.6% |
| 1998 | 27.97 trillion current LCU | +15.2% |
| 1999 | 25.22 trillion current LCU | -9.8% |
| 2000 | 35.39 trillion current LCU | +40.3% |
| 2001 | 35.64 trillion current LCU | +0.7% |
| 2002 | 38.40 trillion current LCU | +7.8% |
| 2003 | 46.42 trillion current LCU | +20.9% |
| 2004 | 48.11 trillion current LCU | +3.6% |
| 2005 | 54.46 trillion current LCU | +13.2% |
| 2006 | 60.37 trillion current LCU | +10.9% |
| 2007 | 74.27 trillion current LCU | +23.0% |
| 2008 | 75.51 trillion current LCU | +1.7% |
| 2009 | 69.67 trillion current LCU | -7.7% |
| 2010 | 74.73 trillion current LCU | +7.3% |
| 2011 | 87.16 trillion current LCU | +16.6% |
| 2012 | 94.33 trillion current LCU | +8.2% |
| 2013 | 94.34 trillion current LCU | +0.0% |
| 2014 | 99.14 trillion current LCU | +5.1% |
| 2015 | 108.95 trillion current LCU | +9.9% |
| 2016 | 123.35 trillion current LCU | +13.2% |
| 2017 | 137.39 trillion current LCU | +11.4% |
| 2018 | 160.33 trillion current LCU | +16.7% |
| 2019 | 159.47 trillion current LCU | -0.5% |
| 2020 | 153.92 trillion current LCU | -3.5% |
| 2021 | 191.51 trillion current LCU | +24.4% |
| 2022 | 237.27 trillion current LCU | +23.9% |
| 2023 | 200.96 trillion current LCU | -15.3% |
| 2024 | 186.15 trillion current LCU | -7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 589.38 billion current LCU | 159.00 billion current LCU | 1.38 trillion current LCU | 8 |
| 1980s | 3.97 trillion current LCU | 1.50 trillion current LCU | 8.86 trillion current LCU | 10 |
| 1990s | 19.42 trillion current LCU | 10.64 trillion current LCU | 27.97 trillion current LCU | 10 |
| 2000s | 53.82 trillion current LCU | 35.39 trillion current LCU | 75.51 trillion current LCU | 10 |
| 2010s | 113.92 trillion current LCU | 74.73 trillion current LCU | 160.33 trillion current LCU | 10 |
| 2020s | 193.96 trillion current LCU | 153.92 trillion current LCU | 237.27 trillion current LCU | 5 |
Countries ranked near Republic of Korea
- 1 Indonesia 317.58 trillion current LCU compare
- 2 Iran, Islamic Republic of 201.66 trillion current LCU compare
- 4 Colombia 121.85 trillion current LCU compare
- 5 Uzbekistan 47.55 trillion current LCU compare
- 6 Lebanon 24.53 trillion current LCU 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 income, profits and capital gains in Republic of Korea?
- Taxes on income, profits and capital gains in Republic of Korea was 186.15 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Republic of Korea?
- The highest recorded value was 237.27 trillion current LCU in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Republic of Korea?
- The lowest recorded value was 159.00 billion current LCU in 1972.
- How does Republic of Korea rank for taxes on income, profits and capital gains?
- Republic of Korea ranks 3rd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Republic of Korea?
- Over the last ten years it is up 87.8%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.