Korea Government Revenue
General government revenue as % of GDP GGR_NGDP
Korea's government revenue was 22.59% in 2025, ranked 119th globally. This represents a 3.9% increase from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Korea's government revenue stood at 22.59% in 2025, a rise of +0.84% from 2024. The IMF projects 22.59% by 2025. Korea ranked 119th globally.
Korea’s government revenue as a share of GDP has risen steadily over the 31‑year span covered by the IMF World Economic Outlook, climbing from a trough of 15.67 percent in 1995 to an all‑time peak of 25.19 percent in 2022 before easing slightly to 22.59 percent in 2025, placing the country 119th in the global ranking. The upward trajectory reflects successive fiscal consolidations and expanded tax bases, while the modest post‑peak decline coincides with a broader slowdown in domestic demand and increased social‑security outlays. Korea’s 2025 figure is closely aligned with peer economies such as Ireland (22.97 percent) and Zambia (22.77 percent), suggesting a convergence toward the revenue levels of both advanced and emerging markets. Continued structural reforms, particularly in digital taxation and public‑sector efficiency, will be pivotal in sustaining the recent gains; without such measures, the modest downward swing observed after 2022 could become more pronounced.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 23.54% | - | - |
| 2029* IMF | 23.54% | - | - |
| 2028* IMF | 23.30% | - | - |
| 2027* IMF | 23.31% | - | - |
| 2026* IMF | 23.22% | - | - |
| 2025* IMF | 22.59% | - | - |
| 2025 | 22.59% | +0.84% | #119 |
| 2024 | 21.75% | −0.66% | #126 |
| 2023 | 22.41% | −2.77% | #120 |
| 2022 | 25.19% | +1.11% | #110 |
| 2021 | 24.08% | +2.52% | #112 |
| 2020 | 21.56% | −0.06% | #125 |
| 2019 | 21.62% | −0.08% | #129 |
| 2018 | 21.70% | +0.99% | #129 |
| 2017 | 20.71% | +0.64% | #131 |
| 2016 | 20.07% | +0.77% | #132 |
| 2015 | 19.30% | −0.12% | #140 |
| 2014 | 19.42% | −0.39% | #145 |
| 2013 | 19.81% | −0.65% | #145 |
| 2012 | 20.45% | +0.45% | #140 |
| 2011 | 20.01% | +0.54% | #143 |
Detected Pattern
Analysis
Korea matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Korea's government revenue was 22.59% in 2025. Ranked 119th globally. This represents a 3.9% increase from the previous year.
Korea's government revenue peaked at 25.19% in 2022.
The lowest government revenue in Korea was 15.67% in 1995.
Korea ranks 119th globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Korea's government revenue is projected to reach 22.59% by 2025 based on IMF projection.
The government revenue of Korea in 2025 was 22.59%. This ranks 119th in the world.
Cite this page
@misc{historysaid_korea_government-revenue,
title = {Korea Government Revenue},
url = {https://historysaid.com/korea/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}