Taxes less subsidies on products in South Korea
South Korea: Taxes less subsidies on products was 185.85 trillion current LCU in 2025. ◆ Volatile
Taxes less subsidies on products in South Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, taxes less subsidies on products in South Korea stood at 185.85 trillion current LCU. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 1.8% on the previous year and up 35.5% over ten years.
Over the whole period, taxes less subsidies on products in South Korea peaked at 185.85 trillion current LCU in 2025 and was at its lowest, 17.60 billion current LCU, in 1960.
South Korea ranks 5th of 198 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 66.80 billion current LCU | 17.60 billion current LCU | 192.40 billion current LCU | 10 |
| 1970s | 1.25 trillion current LCU | 245.60 billion current LCU | 3.47 trillion current LCU | 10 |
| 1980s | 9.13 trillion current LCU | 4.29 trillion current LCU | 14.88 trillion current LCU | 10 |
| 1990s | 36.23 trillion current LCU | 19.22 trillion current LCU | 55.80 trillion current LCU | 10 |
| 2000s | 88.00 trillion current LCU | 63.65 trillion current LCU | 106.74 trillion current LCU | 10 |
| 2010s | 138.02 trillion current LCU | 119.58 trillion current LCU | 161.41 trillion current LCU | 10 |
| 2020s | 179.56 trillion current LCU | 167.69 trillion current LCU | 185.85 trillion current LCU | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 130.66 billion current US$ (2025)
- Net primary income (Net income from abroad) 45.76 trillion current LCU (2025)
- Net primary income (Net income from abroad) 32.17 billion current US$ (2025)
- GNI per capita 52.42 million current LCU (2025)
- GNI per capita, Atlas method 37,880 current US$ (2025)
- GNI 2,709.10 trillion current LCU (2025)
- GNI 1.90 trillion current US$ (2025)
Frequently asked questions
- What is taxes less subsidies on products in South Korea?
- Taxes less subsidies on products in South Korea was 185.85 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in South Korea?
- The highest recorded value was 185.85 trillion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in South Korea?
- The lowest recorded value was 17.60 billion current LCU in 1960.
- How does South Korea rank for taxes less subsidies on products?
- South Korea ranks 5th out of 198 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in South Korea?
- Over the last ten years it is up 35.5%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.