Taxes on income, profits, and capital gains, Ratio of this level of in South Korea
South Korea: Taxes on income, profits, and capital gains, Ratio of this level of was 0.9003 in 2020. ▬ Flat
Taxes on income, profits, and capital gains, Ratio of this level of in South Korea, 2012–2020
Source: International Monetary Fund.
Analysis
In 2020, taxes on income, profits, and capital gains, ratio of this level of in South Korea stood at 0.9003.
That represents a change of up 0.1% on the previous year and up 0.3% over ten years.
Over the whole period, taxes on income, profits, and capital gains, ratio of this level of in South Korea peaked at 0.9037 in 2018 and was at its lowest, 0.8918, in 2015.
That places South Korea 50th out of 80 countries with data for 2020, putting it in the middle of the range.
Taxes on income, profits, and capital gains, Ratio of this level of in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.8975 | — |
| 2013 | 0.897 | -0.1% |
| 2014 | 0.9031 | +0.7% |
| 2015 | 0.8918 | -1.2% |
| 2016 | 0.9006 | +1.0% |
| 2017 | 0.9019 | +0.1% |
| 2018 | 0.9037 | +0.2% |
| 2019 | 0.8997 | -0.4% |
| 2020 | 0.9003 | +0.1% |
South Korea compared with similar countries
- South Korea's 0.9003 is above the median for high income countries, which is 0.8985, 1.0× the median. (42 countries reporting)
- South Korea's 0.9003 is below the median for East Asia & Pacific, which is 1, 90% of the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.8994 | 0.8918 | 0.9037 | 8 |
| 2020s | 0.9003 | 0.9003 | 0.9003 | 1 |
Countries ranked near South Korea
- 47 Austria 0.9476 compare
- 48 Portugal 0.9309 compare
- 49 Italy 0.9305 compare
- 51 Luxembourg 0.8966 compare
- 52 Bosnia and Herzegovina 0.877 compare
- 53 United States 0.7764 compare
More public sector data for South Korea
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits, and capital gains, ratio of this level of in South Korea?
- Taxes on income, profits, and capital gains, ratio of this level of in South Korea was 0.9003 in 2020, according to International Monetary Fund.
- What is the highest taxes on income, profits, and capital gains, ratio of this level of recorded in South Korea?
- The highest recorded value was 0.9037 in 2018.
- What is the lowest taxes on income, profits, and capital gains, ratio of this level of recorded in South Korea?
- The lowest recorded value was 0.8918 in 2015.
- How does South Korea rank for taxes on income, profits, and capital gains, ratio of this level of?
- South Korea ranks 50th out of 80 countries with data for 2020.
- Is taxes on income, profits, and capital gains, ratio of this level of rising or falling in South Korea?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is flat.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Taxes on income, profits, and capital gains, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.