home
docs

South Korea Revenue, excluding grants (% of GDP) 2026: Interactive Chart & Historical Data

Revenue, excluding grants (% of GDP) in South Korea stood at 25.77% in 2024, according to World Bank. The latest value is down 1.58 percentage points from 27.35% in 2023. Ten years earlier, in 2014, the value was 23.84% (up 1.93 percentage points since). The highest value since 1972 was 29.77% in 2022, the lowest 11.76% in 1973. South Korea ranked 56th highest of the 111 countries in this dataset in 2023; Nauru ranked first.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
Read full description

What is Revenue, excluding grants (% of GDP)?

Revenue, excluding grants (% of GDP), measured in %, measures the total economic output of South Korea. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In South Korea, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.

Key facts

What is the latest Revenue, excluding grants (% of GDP) in South Korea?

Revenue, excluding grants (% of GDP) in South Korea stood at 25.77% in 2024, according to World Bank.

Is Revenue, excluding grants (% of GDP) in South Korea rising or falling?

The latest value is down 1.58 percentage points from 27.35% in 2023. Ten years earlier, in 2014, the value was 23.84% (up 1.93 percentage points since).

How does South Korea rank for Revenue, excluding grants (% of GDP)?

South Korea ranked 56th highest of the 111 countries in this dataset in 2023; Nauru ranked first.

What is the highest Revenue, excluding grants (% of GDP) on record in South Korea?

The highest value since 1972 was 29.77% in 2022, the lowest 11.76% in 1973.

Metadata for Revenue, excluding grants (% of GDP) in South Korea
IndicatorRevenue, excluding grants (% of GDP)
CountrySouth Korea
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Loading chart...

Source:World Bank — series GC.REV.XGRT.GD.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Revenue, excluding grants (% of GDP) — South Korea [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/KOR. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS?locations=KR

MLA

World Bank. "Revenue, excluding grants (% of GDP) — South Korea." EconDash, 2026, https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/KOR. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS?locations=KR.

Chicago

World Bank. 2026. "Revenue, excluding grants (% of GDP) — South Korea." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/KOR. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS?locations=KR.

BibTeX
@misc{econdash_wdi_gc_rev_xgrt_gd_zs_kor,
  author = {{World Bank}},
  title = {{Revenue, excluding grants (\% of GDP) --- South Korea}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-rev-xgrt-gd-zs/KOR},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS?locations=KR}
}