Makrognosis

South Korea GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100)

QuarterlyNot seasonally adjustedCode KR.GDPDEFL.Q.NSA

Latest (y/y)21.6%Q2 2026
Previous (y/y)12.9%Q1 2026
Level139.0Q2 2026

South Korea GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100) was up 21.6% year on year in Q2 2026, compared with 12.9% in Q1 2026.

The level stood at 139.0 (index (real-series reference year = 100)).

That is the highest reading since the series began in Q1 2016.

Over the past ten years it has ranged from −1.1% (Q3 2019) to 21.6% (Q2 2026), averaging 2.8%.

South Korea GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100), annual % change, Q1 2017 – Q2 2026−5%0%5%10%15%20%20182020202220242026Robomacro
South Korea GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100), annual % change, Q1 2017 – Q2 2026. Source: Makrognosis (computed from agency-direct inputs).
South Korea GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100), level (index (real-series reference year = 100))90100110120130140201620182020202220242026Robomacro
South Korea GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100), level (index (real-series reference year = 100)).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 2026139.021.6
Q1 2026128.212.9
Q4 2025118.14.7
Q3 2025114.22.7
Q2 2025114.32.7
Q1 2025113.52.7
Q4 2024112.84.1
Q3 2024111.33.7
Q2 2024111.44.7
Q1 2024110.54.4
Q4 2023108.43.3
Q3 2023107.32.5
Q2 2023106.41.1
Q1 2023105.90.7
Q4 2022104.90.3
Q3 2022104.70.04
Q2 2022105.22.8
Q1 2022105.13.9
Q4 2021104.63.9
Q3 2021104.63.7
Q2 2021102.32.2
Q1 2021101.22.8
Q4 2020100.72.3
Q3 2020100.92.4

Last 24 observations. The full history (42 observations) is available through the API.

Get South Korea GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/KR.GDPDEFL.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.GDPDEFL.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2016
Observations42
FrequencyQuarterly
Unitsindex (real-series reference year = 100)
AdjustmentNot seasonally adjusted
10-year high21.6% (Q2 2026)
10-year low−1.1% (Q3 2019)
10-year average2.8%
Source agencyMakrognosis (computed from agency-direct inputs)
Makrognosis codeKR.GDPDEFL.Q.NSA

This series is a labelled reference series (an official figure republished by an aggregator) rather than a first print from the agency itself.

Other South Korea indicators

South Korea GDP (Gross Domestic Product)South Korea Korea: GDP at market prices, SA, current prices (BOK ECOS)South Korea Inflation Rate (CPI)South Korea Core Inflation RateSouth Korea Unemployment RateSouth Korea 10-Year Government Bond YieldSouth Korea Credit Rating & Sovereign Risk ScoreSouth Korea Industrial ProductionSouth Korea Korea industrial production index, original (not seasonally adjusted), 2020=100 (KOSTAT via BOK ECOS)South Korea Producer Price Inflation (PPI)South Korea Korea: Current Account, monthly, NSA (BOK ECOS, USD mn)South Korea Korea: Current Account, monthly, SA (BOK ECOS, USD mn)South Korea Korea: Exports of Goods (Korea Customs Service final, BOK ECOS 901Y092 E100; thousand USD x 0.001 = USD mn)South Korea Korea: Imports of Goods (Korea Customs Service final, BOK ECOS 901Y092 I100; thousand USD x 0.001 = USD mn)South Korea Korea consumer sentiment index (KOSTAT via BOK ECOS 511Y002 FME 99988)South Korea M2 Money Stock

FAQ

What is the current gDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100) in South Korea?
The latest reading is 21.6% year on year for Q2 2026, published by Makrognosis (computed from agency-direct inputs).
Where does this data come from?
It is collected directly from Makrognosis (computed from agency-direct inputs) and is available through the Makrognosis API under the code KR.GDPDEFL.Q.NSA.

Last updated 2026-10-22. Source: Makrognosis (computed from agency-direct inputs). Original title: “KR GDP implicit price deflator (KR.GDP.Q.NOM / KR.GDP.Q.REAL x 100; Bank of Korea, SA, 2020=100)”.