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South Korea: General government revenue (% of GDP)

Percent of GDP · 1953–2024 · 72 observations · forecasts to 2031 · gen_govrev_GDP

2024
33.1%percent of GDP
Change on 2023
−1.4 pointsfrom 34.5%
Average, 2015–2024
33.1%10 years
Record high and low
37.0% (2022)low 8.74% (1957)

General government revenue (% of GDP)

Report error
5%10%15%20%25%30%35%40%19601970198019902000201020202030South KoreaSouth Korea
ForecastPercent of GDP

Compare with other countries →Definition of General government revenue (% of GDP)

Recent values

Percent of GDP

YearValue
203132.7Forecast
203033.0Forecast
202933.3Forecast
202833.4Forecast
202733.7Forecast
202635.0Forecast
202534.7Forecast
202433.1
202334.5
202237.0
202135.1
202033.4
201932.9
201832.4
201731.3
201630.9
201530.1

Sources

  • IMF Fiscal Policy Panel1953–2023
  • OECD Economic Outlook1970–2025
  • IMF World Economic Outlook1995–2024
  • IMF Government Finance Statistics2007–2024
  • Asian Development Bank (archive)2012–2023
  • Asian Development Bank2012–2024
  • Min. of Economy and Finance, Korea2017–2024
  • IMF WEO (forecast)2024–2031
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

South Korea documentation (PDF)

More for South Korea

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

General government revenue (% of GDP) elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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