24Peaks / Asia / South Korea / Government Revenue (% of GDP)

South Korea - Government Revenue (% of GDP) 25.77

World Bank WDI (revenue excl. grants) · updated 2026-10-15 · 162 economies tracked

Latest value

25.77 (2024)

Global rank

#n/a of 162 economies

Share of global total

1.0%

Growth since 1972

2.02×

Ranking Race — Government Revenue (% of GDP)

1 = global #1 · higher value ranks higher

#1#15#29#43#57#71#851972198219922002201220222024#31#552022 overtook Germany2024 overtook Macao
South KoreaNauruNorwayAustriaGreece

Real annual global ranks, 1972 - 2024. South Korea climbed from #31 to #55 (overtook Germany). Gaps in a lane = missing data that year.

Key events for South Korea ↓

Key Events — South Korea

Auto-detected from rank data + curated milestones

1990
Fell 18 places in global rank auto
1997
IMF crisis curated

Currency crisis forces an IMF bailout and deep restructuring.

1999
V-shaped recovery curated

Rapid reform-driven rebound from the Asian crisis.

2009
Global crisis slowdown curated

Export slump hits growth before a fast recovery.

2012
Climbed 22 places in global rank auto
2020
COVID-19 management curated

Economy contracts slightly while exports stay resilient.

2022
Overtook Germany in global rank auto
2024
Overtook Macao in global rank auto

Government Revenue (% of GDP), 1972-2024

World Bank WDI (revenue excl. grants) · % of GDP · linear scale · ranking in the race above
1972198720022017202411.7617.7623.7729.77

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