Korea - Net taxes on products (constant LCU)
The value for Net taxes on products (constant LCU) in Korea was 150,084,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 150,146,000,000,000 in 2019 and a minimum value of 1,459,300,000,000 in 1960.
Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 1,459,300,000,000 |
| 1961 | 1,460,500,000,000 |
| 1962 | 1,595,400,000,000 |
| 1963 | 1,751,900,000,000 |
| 1964 | 1,853,900,000,000 |
| 1965 | 2,110,800,000,000 |
| 1966 | 2,407,300,000,000 |
| 1967 | 2,812,600,000,000 |
| 1968 | 3,396,000,000,000 |
| 1969 | 3,971,400,000,000 |
| 1970 | 4,627,800,000,000 |
| 1971 | 5,189,500,000,000 |
| 1972 | 5,481,300,000,000 |
| 1973 | 6,651,800,000,000 |
| 1974 | 7,538,000,000,000 |
| 1975 | 7,844,400,000,000 |
| 1976 | 9,819,800,000,000 |
| 1977 | 12,429,000,000,000 |
| 1978 | 14,709,200,000,000 |
| 1979 | 15,731,400,000,000 |
| 1980 | 14,917,300,000,000 |
| 1981 | 15,683,800,000,000 |
| 1982 | 17,216,400,000,000 |
| 1983 | 20,396,100,000,000 |
| 1984 | 22,766,100,000,000 |
| 1985 | 24,295,700,000,000 |
| 1986 | 27,081,300,000,000 |
| 1987 | 31,811,300,000,000 |
| 1988 | 35,609,000,000,000 |
| 1989 | 38,386,700,000,000 |
| 1990 | 43,366,700,000,000 |
| 1991 | 47,245,300,000,000 |
| 1992 | 48,772,600,000,000 |
| 1993 | 50,702,600,000,000 |
| 1994 | 56,642,900,000,000 |
| 1995 | 62,240,900,000,000 |
| 1996 | 67,513,200,000,000 |
| 1997 | 71,149,100,000,000 |
| 1998 | 64,670,300,000,000 |
| 1999 | 75,425,600,000,000 |
| 2000 | 83,240,200,000,000 |
| 2001 | 87,820,800,000,000 |
| 2002 | 92,579,100,000,000 |
| 2003 | 94,389,500,000,000 |
| 2004 | 98,605,600,000,000 |
| 2005 | 102,870,000,000,000 |
| 2006 | 107,530,000,000,000 |
| 2007 | 110,038,000,000,000 |
| 2008 | 109,390,000,000,000 |
| 2009 | 109,693,000,000,000 |
| 2010 | 117,904,000,000,000 |
| 2011 | 122,815,000,000,000 |
| 2012 | 125,268,000,000,000 |
| 2013 | 126,634,000,000,000 |
| 2014 | 132,173,000,000,000 |
| 2015 | 137,113,000,000,000 |
| 2016 | 143,115,000,000,000 |
| 2017 | 147,105,000,000,000 |
| 2018 | 149,012,000,000,000 |
| 2019 | 150,146,000,000,000 |
| 2020 | 150,084,000,000,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
