Korea (South Korea) General government revenue (% of GDP) Statistics

17, Nov 2019, EST.

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Country or Region: Korea (South Korea) › Change country
Economic Indicator: General government revenue (% of GDP) › See all Korea indicators, › See General government revenue (% of GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: South Korean Won
Currency Symbol: KRW

Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. See notes for: General government revenue (National currency).

General government revenue (% of GDP) Statistics for Korea (South Korea), Year 2015 - In Detail

General government revenue (% of GDP) for Korea in year 2015 is 20.911 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

This makes Korea No. 144 in world rankings according to General government revenue (% of GDP) in year 2015. The world's average General government revenue (% of GDP) value is 30.23 %; Korea is 9.32 less than the average.

In the previous year, 2014, General government revenue (% of GDP) for Korea was 21.21 % General government revenue (% of GDP) for Korea in 2015 was or will be 1.41% less than it was or will be in 2014.

In the following or forecasted year, 2016, General government revenue (% of GDP) for Korea was or will be 20.91 %, which is 0.00% more than the 2015 figure.

* Source: IMF
General government revenue (% of GDP) for Korea, in other Years
Year %
  2021 20.611
  2020 20.611
  2019 20.611
  2018 20.611
  2017 20.611
  2016 20.911
2015 20.911
  2014 21.211
  2013 21.548
  2012 22.119
  2011 21.566
  2010 21.005
  2009 21.314
  2008 22.328
  2007 22.622
  2006 21.333
  2005 20.498
  2004 20.005
  2003 20.744
  2002 20.401
  2001 20.615
  2000 21.198
  1999 18.376
  1998 18.18
  1997 17.11
  1996 17.245
  1995 16.521
  1994 n/a
  1993 n/a
  1992 n/a
  1991 n/a
  1990 n/a
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a