Korea - Taxes on goods and services
Taxes on goods and services (current LCU)
The value for Taxes on goods and services (current LCU) in Korea was 108,042,000,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 111,337,000,000,000 in 2018 and a minimum value of 241,500,000,000 in 1972.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 241,500,000,000 |
| 1973 | 307,400,000,000 |
| 1974 | 483,700,000,000 |
| 1975 | 755,000,000,000 |
| 1976 | 1,040,000,000,000 |
| 1977 | 1,309,700,000,000 |
| 1978 | 1,751,600,000,000 |
| 1979 | 2,356,500,000,000 |
| 1980 | 3,096,000,000,000 |
| 1981 | 3,819,000,000,000 |
| 1982 | 4,400,000,000,000 |
| 1983 | 5,226,000,000,000 |
| 1984 | 5,636,000,000,000 |
| 1985 | 5,940,000,000,000 |
| 1986 | 6,727,000,000,000 |
| 1987 | 7,321,000,000,000 |
| 1988 | 8,661,000,000,000 |
| 1989 | 8,667,000,000,000 |
| 1990 | 11,104,000,000,000 |
| 1991 | 12,085,000,000,000 |
| 1992 | 15,000,000,000,000 |
| 1993 | 17,369,000,000,000 |
| 1994 | 20,649,000,000,000 |
| 1995 | 23,496,000,000,000 |
| 1996 | 27,768,000,000,000 |
| 1997 | 30,912,000,000,000 |
| 1998 | 27,401,100,000,000 |
| 1999 | 34,961,100,000,000 |
| 2000 | 40,756,000,000,000 |
| 2001 | 45,615,500,000,000 |
| 2002 | 50,083,100,000,000 |
| 2003 | 52,512,700,000,000 |
| 2004 | 53,101,900,000,000 |
| 2005 | 55,771,200,000,000 |
| 2006 | 57,521,900,000,000 |
| 2007 | 63,303,300,000,000 |
| 2008 | 65,847,100,000,000 |
| 2009 | 67,030,300,000,000 |
| 2010 | 74,702,500,000,000 |
| 2011 | 75,798,100,000,000 |
| 2012 | 86,543,100,000,000 |
| 2013 | 85,012,000,000,000 |
| 2014 | 86,772,300,000,000 |
| 2015 | 88,352,800,000,000 |
| 2016 | 99,360,100,000,000 |
| 2017 | 105,370,000,000,000 |
| 2018 | 111,337,000,000,000 |
| 2019 | 108,042,000,000,000 |
Taxes on goods and services (% of revenue)
Taxes on goods and services (% of revenue) in Korea was 19.90 as of 2019. Its highest value over the past 47 years was 48.65 in 1975, while its lowest value was 19.90 in 2019.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 41.85 |
| 1973 | 45.54 |
| 1974 | 47.14 |
| 1975 | 48.65 |
| 1976 | 44.94 |
| 1977 | 44.58 |
| 1978 | 42.89 |
| 1979 | 43.83 |
| 1980 | 45.95 |
| 1981 | 44.75 |
| 1982 | 44.56 |
| 1983 | 45.77 |
| 1984 | 45.05 |
| 1985 | 43.24 |
| 1986 | 42.79 |
| 1987 | 39.55 |
| 1988 | 38.39 |
| 1989 | 33.99 |
| 1990 | 35.44 |
| 1991 | 33.62 |
| 1992 | 34.99 |
| 1993 | 34.85 |
| 1994 | 34.57 |
| 1995 | 33.16 |
| 1996 | 33.47 |
| 1997 | 34.07 |
| 1998 | 28.74 |
| 1999 | 32.98 |
| 2000 | 30.27 |
| 2001 | 32.15 |
| 2002 | 32.22 |
| 2003 | 31.22 |
| 2004 | 30.30 |
| 2005 | 29.58 |
| 2006 | 27.91 |
| 2007 | 26.82 |
| 2008 | 26.70 |
| 2009 | 27.31 |
| 2010 | 28.11 |
| 2011 | 26.37 |
| 2012 | 22.47 |
| 2013 | 21.66 |
| 2014 | 21.81 |
| 2015 | 21.25 |
| 2016 | 21.92 |
| 2017 | 21.74 |
| 2018 | 21.13 |
| 2019 | 19.90 |
Taxes on goods and services (% value added of industry and services)
Taxes on goods and services (% value added of industry and services) in Korea was 6.24 as of 2019. Its highest value over the past 47 years was 10.81 in 1975, while its lowest value was 5.83 in 1998.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.
See also:
| Year | Value |
|---|---|
| 1972 | 8.55 |
| 1973 | 8.18 |
| 1974 | 9.07 |
| 1975 | 10.81 |
| 1976 | 10.75 |
| 1977 | 10.38 |
| 1978 | 10.05 |
| 1979 | 10.28 |
| 1980 | 10.40 |
| 1981 | 10.35 |
| 1982 | 10.20 |
| 1983 | 10.10 |
| 1984 | 9.25 |
| 1985 | 8.62 |
| 1986 | 8.20 |
| 1987 | 7.43 |
| 1988 | 7.29 |
| 1989 | 6.34 |
| 1990 | 6.69 |
| 1991 | 5.91 |
| 1992 | 6.40 |
| 1993 | 6.46 |
| 1994 | 6.49 |
| 1995 | 6.27 |
| 1996 | 6.60 |
| 1997 | 6.62 |
| 1998 | 5.83 |
| 1999 | 6.85 |
| 2000 | 7.24 |
| 2001 | 7.48 |
| 2002 | 7.39 |
| 2003 | 7.21 |
| 2004 | 6.66 |
| 2005 | 6.62 |
| 2006 | 6.48 |
| 2007 | 6.56 |
| 2008 | 6.43 |
| 2009 | 6.26 |
| 2010 | 6.36 |
| 2011 | 6.12 |
| 2012 | 6.74 |
| 2013 | 6.32 |
| 2014 | 6.19 |
| 2015 | 5.94 |
| 2016 | 6.37 |
| 2017 | 6.41 |
| 2018 | 6.54 |
| 2019 | 6.24 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
