Taxes less subsidies on products in South Korea
South Korea: Taxes less subsidies on products was 130.66 billion current US$ 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 US$.
Analysis
The most recent figure for taxes less subsidies on products in South Korea is 130.66 billion current US$, measured in 2025.
The figure is down 2.4% on the previous year and up 7.8% over ten years.
Over the whole period, taxes less subsidies on products in South Korea peaked at 160.86 billion current US$ in 2021 and was at its lowest, 144.24 million current US$, in 1961.
That places South Korea 13th out of 198 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 295.80 million current US$ | 144.24 million current US$ | 667.68 million current US$ | 10 |
| 1970s | 2.69 billion current US$ | 790.84 million current US$ | 7.17 billion current US$ | 10 |
| 1980s | 12.06 billion current US$ | 7.07 billion current US$ | 22.17 billion current US$ | 10 |
| 1990s | 40.37 billion current US$ | 27.16 billion current US$ | 56.82 billion current US$ | 10 |
| 2000s | 79.30 billion current US$ | 55.47 billion current US$ | 107.69 billion current US$ | 10 |
| 2010s | 122.90 billion current US$ | 103.40 billion current US$ | 146.65 billion current US$ | 10 |
| 2020s | 140.44 billion current US$ | 130.66 billion current US$ | 160.86 billion current US$ | 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 185.85 trillion current LCU (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 130.66 billion current US$ 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 160.86 billion current US$ in 2021.
- What is the lowest taxes less subsidies on products recorded in South Korea?
- The lowest recorded value was 144.24 million current US$ in 1961.
- How does South Korea rank for taxes less subsidies on products?
- South Korea ranks 13th 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 7.8%. 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 US$). 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 indicator is expressed in United States dollars.