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South Korea: Government tax revenue (% of GDP)

Percent of GDP · 1911–2024 · 101 observations · forecasts to 2026 · govtax_GDP

2024
17.9%percent of GDP
Change on 2023
−1.5 pointsfrom 19.4%
Average, 2015–2024
19.0%10 years
Record high and low
22.4% (2022)low 2.18% (1920)

Government tax revenue (% of GDP)

Report error
0%5%10%15%20%25%192019401960198020002020South KoreaSouth Korea
ForecastPercent of GDP

Compare with other countries →Definition of Government tax revenue (% of GDP)

Recent values

Percent of GDP

YearValue
202612.5Forecast
202512.8Forecast
202417.9
202319.4
202222.4
202120.9
202019.1
201918.9
201819.0
201718.0
201617.5
201516.7

Sources

This series is derived from other GMD variables.

South Korea documentation (PDF)

More for South Korea

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

Government tax 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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