Tax to GDP ratios
Korea is in the lower rank of OECD countries in respect of size of tax to GDP ratio with a ratio of 25.9% of GDP in 2010, 8 percentage points below the OECD measure of 34.1%. The ratio rose from 22.6% in 2000 to 26.5% in 2007 and 2008 before falling back to 25.1% in 2010. There was an increase to 26.8% of GDP by 2012.
The main observations for Korea are:
- Revenue from personal and corporate income taxes was 6.5% of GDP in 2000 and 8.0% in 2012. The 2011 figure of 7.1% was well below the OECD average of 11.4%.
- The tax ratio for Social security contributions rose from 3.8% in 2000 to 6.1% in 2011, well below the OECD average of 9.5%.
- The tax ratio for Taxes on goods and services was stable at 8-9% of GDP over the period and at 8.1% in 2011 was below the OECD average of 11.0%.
- Property tax revenues were 3.0% of GDP in 2011, more than 60% above the OECD average of 1.8%.
- OECD averages are not available for 2012 as 4 OECD countries have not provided data for that year.
- More comparative information about OECD member countries is contained in the tables linked within the following webpages:
- If you would like to print any of these pages we recommend using the 'landscape' option in your printing menu.
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