Government revenue and fiscal balance (% of GDP)

Name: Government revenue and fiscal balance (% of GDP)
Creator: World Bank

World BankPeriod 2015~2024Retrieved 2026-11-09

Government revenue as a share of GDP, and revenue minus spending (fiscal balance).

2015: 23.63% → 2024: 25.77% (up 2.13 pp). Highest: 2022 (29.77%).

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Government revenue and fiscal balance (% of GDP) · 2015~2024 (unit: %)
Year	Government revenue (excl. grants)	Fiscal balance (net lending)
2015	23.6343	0.7284
2016	24.461	1.783
2017	24.8508	1.7948
2018	25.9611	2.2849
2019	26.294	0.0352
2020	26.3065	-1.9214
2021	28.0246	-0.7232
2022	29.7729	-1.7478
2023	27.3523	-1.0198
2024	25.769	-1.7852

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World Bank. (2026). Revenue, excluding grants (% of GDP); Net lending (+) / net borrowing (-) (% of GDP) – Korea, Rep. [Data set]. World Development Indicators. Retrieved November 9, 2026, from https://data.worldbank.org/indicator/GC.REV.XGRT.GD.ZS?locations=KR

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