Tax Revenue (Local Currency) rose 11.6% to KRW 243,395 bil in South Korea in 2016

Tax Revenue (Local Currency) (KRW bil)
Economy | South Korea | May 17, 2019
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Tax revenue reached 243,395 KRW bil in 2016 in South Korea, according to the National Statistical Office. This is 11.6 % more than in the previous year.

Historically, tax revenue in South Korea reached an all time high of 243,395 KRW bil in 2016 and an all time low of 476 KRW bil in 1972. When compared to South Korea's main peers, tax revenue in China amounted to 6,809 CNY bil and 59,789 JPY bil in Japan in 2016.

South Korea has been ranked 2nd within the group of 112 countries we follow in terms of tax revenue, 2 places above the position seen 10 years ago.

Tax revenue refers to compulsory transfers to the central government for public purposes.

Tax Revenue (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cambodia KHR bil 5,287 6,282 7,408 9,864 10,707
China CNY bil 5,032 5,524 5,875 6,229 6,459 ...
Dem. People's Republic of Korea KPW bil ... ... ... ... ... ... ... ... ...
India INR bil 7,931 10,776 12,359 ... ... ... ...
Japan JPY bil 45,980 47,924 52,132 58,938 60,696
Laos LAK bil 9,236 11,103 12,896 14,770 15,836
Russia RUB bil 8,388 9,367 9,440 10,476 8,842
South Korea KRW bil 192,381 202,733 204,571 206,950 218,165
Thailand THB bil 1,850 1,908 2,197 2,091 2,217
USA UYU bil 1,488 1,587 1,766 1,919 2,041
Vietnam VND bil 617,368 615,867 683,514 ... ... ... ...