Average tariff applied by developed countries, most-favored nation in South Korea
South Korea: Average tariff applied by developed countries, most-favored nation was 12.2% in 2024. ▲ Rising
Average tariff applied by developed countries, most-favored nation in South Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, average tariff applied by developed countries, most-favored nation in South Korea stood at 12.2%.
Compared with earlier readings it is down 0.2% on the previous year and up 12.9% over ten years.
Over the whole period, average tariff applied by developed countries, most-favored nation in South Korea peaked at 12.3% in 2022 and was at its lowest, 10.2%, in 2012.
South Korea ranks 38th of 236 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Average tariff applied by developed countries, most-favored nation in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 10.3% | — |
| 2005 | 11.1% | +7.7% |
| 2010 | 10.8% | -2.8% |
| 2011 | 10.8% | +0.2% |
| 2012 | 10.2% | -6.1% |
| 2013 | 10.7% | +5.3% |
| 2014 | 10.8% | +0.5% |
| 2015 | 10.7% | -0.2% |
| 2016 | 10.8% | +0.1% |
| 2017 | 10.2% | -5.1% |
| 2018 | 10.8% | +6.0% |
| 2019 | 11.3% | +4.6% |
| 2020 | 11.3% | -0.1% |
| 2021 | 11.3% | -0.1% |
| 2022 | 12.3% | +9.0% |
| 2023 | 12.2% | -1.1% |
| 2024 | 12.2% | -0.2% |
South Korea compared with similar countries
- South Korea's 12.2% is above the median for high income countries, which is 9.1%, 1.3× the median. (75 countries reporting)
- South Korea's 12.2% is above the median for East Asia & Pacific, which is 7.0%, 1.7× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.7% | 10.3% | 11.1% | 2 |
| 2010s | 10.7% | 10.2% | 11.3% | 10 |
| 2020s | 11.9% | 11.3% | 12.3% | 5 |
Countries ranked near South Korea
More development goals data for South Korea
- Red List Index 0.7105 index (2025)
- Number of refugees per 100,000 population, by country of origin 0.2284 per 100,000 people (2025)
- Manufacturing value added per capita 10,025 constant US$ (2025)
- Number of transboundary breeds 49 (2025)
- Number of transboundary breeds (not extinct) 49 (2025)
- Number of transboundary breeds with unknown risk status 15 (2025)
- Number of local breeds with unknown risk status 18 (2025)
- Number of local breeds (not extinct) 86 (2025)
- Number of local breeds kept in the country 86 (2025)
- Infant deaths 556 (2024)
Frequently asked questions
- What is average tariff applied by developed countries, most-favored nation in South Korea?
- Average tariff applied by developed countries, most-favored nation in South Korea was 12.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average tariff applied by developed countries, most-favored nation recorded in South Korea?
- The highest recorded value was 12.3% in 2022.
- What is the lowest average tariff applied by developed countries, most-favored nation recorded in South Korea?
- The lowest recorded value was 10.2% in 2012.
- How does South Korea rank for average tariff applied by developed countries, most-favored nation?
- South Korea ranks 38th out of 236 countries with data for 2024.
- Is average tariff applied by developed countries, most-favored nation rising or falling in South Korea?
- Over the last ten years it is up 12.9%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average tariff applied by developed countries, most-favored nation status, by type of product (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under UN SDG Global Database (open, attribution requested).