Taxes on income, profits and capital gains (current LCU) in South Korea
South Korea: Taxes on income, profits and capital gains (current LCU) 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 South Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
South 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 South Korea peaked at 237.27 trillion current LCU in 2022 and was at its lowest, 159.00 billion current LCU, in 1972.
That places South 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 (current LCU) in South 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% |
South Korea compared with similar countries
- South Korea's 186.15 trillion current LCU is above the median for high income countries, which is 52.92 billion current LCU, 3517.4× the median. (55 countries reporting)
- South Korea's 186.15 trillion current LCU is above the median for East Asia & Pacific, which is 52.92 billion current LCU, 3517.4× the median. (25 countries reporting)
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 South Korea
More public sector data for South Korea
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- 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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- Arms imports 222.00 million SIPRI trend indicator values (2025)
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Frequently asked questions
- What is taxes on income, profits and capital gains in South Korea?
- Taxes on income, profits and capital gains in South 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 South 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 South Korea?
- The lowest recorded value was 159.00 billion current LCU in 1972.
- How does South Korea rank for taxes on income, profits and capital gains?
- South Korea ranks 3rd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in South Korea?
- Over the last ten years it is up 87.8%. The long-run trend across the full record is volatile.
- Where does this South 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.