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

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%.

- Source agency: Makrognosis (computed from agency-direct inputs)
- Makrognosis code: `KR.GDPDEFL.Q.NSA`
- Frequency: quarterly
- Units: index (real-series reference year = 100)
- Coverage: 2016-01-01 to 2026-04-01 (42 observations)
- Page: https://makrognosis.robomacro.com/data/south-korea/gdp-implicit-price-deflator-kr-gdp-q-nom-kr-gdp-q-real-x-100-bank-of

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 139.0 | 21.6 |
| Q1 2026 | 128.2 | 12.9 |
| Q4 2025 | 118.1 | 4.7 |
| Q3 2025 | 114.2 | 2.7 |
| Q2 2025 | 114.3 | 2.7 |
| Q1 2025 | 113.5 | 2.7 |
| Q4 2024 | 112.8 | 4.1 |
| Q3 2024 | 111.3 | 3.7 |
| Q2 2024 | 111.4 | 4.7 |
| Q1 2024 | 110.5 | 4.4 |
| Q4 2023 | 108.4 | 3.3 |
| Q3 2023 | 107.3 | 2.5 |
| Q2 2023 | 106.4 | 1.1 |
| Q1 2023 | 105.9 | 0.7 |
| Q4 2022 | 104.9 | 0.3 |
| Q3 2022 | 104.7 | 0.04 |
| Q2 2022 | 105.2 | 2.8 |
| Q1 2022 | 105.1 | 3.9 |
| Q4 2021 | 104.6 | 3.9 |
| Q3 2021 | 104.6 | 3.7 |
| Q2 2021 | 102.3 | 2.2 |
| Q1 2021 | 101.2 | 2.8 |
| Q4 2020 | 100.7 | 2.3 |
| Q3 2020 | 100.9 | 2.4 |

## API

```
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"]
```