Korea, Rep. | Taxes on international trade (% of revenue)
Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Taxes on international trade (% of revenue)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
10.22530329 1972
12.14814815 1973
12.37816764 1974
13.01546392 1975
14.86603284 1976
16.16746086 1977
18.97649363 1978
16.9828869 1979
15.04897596 1980
13.93250527 1981
13.33670886 1982
15.75582414 1983
15.35448805 1984
14.19420585 1985
14.9417976 1986
17.31496488 1987
14.04379821 1988
10.86973571 1989
11.76113877 1990
9.16323579 1991
7.29647772 1992
5.78732968 1993
5.78149853 1994
6.53805989 1995
6.3986212 1996
6.38968481 1997
4.02308804 1998
4.42171465 1999
4.30734566 2000
4.17539848 2001
4.24671833 2002
4.07055582 2003
3.87816864 2004
3.35078995 2005
3.32796013 2006
3.14007071 2007
3.55855137 2008
3.73523162 2009
4.01320534 2010
3.82393979 2011
2.49506272 2012
2.76211907 2013
2.18761845 2014
2.04789719 2015
1.79894202 2016
1.77729744 2017
1.58431024 2018
1.41860245 2019
1.29729918 2020
1.37696419 2021
2022
Korea, Rep. | Taxes on international trade (% of revenue)
Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source