Makrognosis

South Korea Korea: Government (BOK ECOS)

QuarterlyReal (inflation-adjusted)Code KR.GDP.Q.REAL.ITEM-1010120

Latest (y/y)2.6%Q3 2026
Previous (y/y)2.1%Q2 2026
Level106,276 ₩ billionQ3 2026

South Korea Korea: Government (BOK ECOS) was up 2.6% year on year in Q3 2026, compared with 2.1% in Q2 2026.

The level stood at 106,276 ₩ billion.

Over the past ten years it has ranged from −0.1% (Q1 2024) to 8.1% (Q4 2021), averaging 4.0%.

South Korea Korea: Government (BOK ECOS), annual % change, Q1 2017 – Q3 2026−2%0%2%4%6%8%20182020202220242026Robomacro
South Korea Korea: Government (BOK ECOS), annual % change, Q1 2017 – Q3 2026. Source: Bank of Korea.
South Korea Korea: Government (BOK ECOS), level (₩ billion)70k80k90k100k110k201620182020202220242026Robomacro
South Korea Korea: Government (BOK ECOS), level (₩ billion).

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

Recent data

PeriodValueY/Y %
Q3 2026106,276 ₩ billion2.6
Q2 2026104,267 ₩ billion2.1
Q1 2026104,134 ₩ billion3.1
Q4 2025104,603 ₩ billion3.6
Q3 2025103,587 ₩ billion2.9
Q2 2025102,143 ₩ billion2.5
Q1 2025100,968 ₩ billion2.0
Q4 2024100,955 ₩ billion3.1
Q3 2024100,702 ₩ billion3.2
Q2 202499,687 ₩ billion2.7
Q1 202498,951 ₩ billion−0.1
Q4 202397,896 ₩ billion−0.1
Q3 202397,587 ₩ billion1.8
Q2 202397,097 ₩ billion1.6
Q1 202399,097 ₩ billion4.5
Q4 202298,037 ₩ billion3.7
Q3 202295,827 ₩ billion2.4
Q2 202295,562 ₩ billion3.9
Q1 202294,809 ₩ billion6.4
Q4 202194,582 ₩ billion8.1
Q3 202193,563 ₩ billion6.4
Q2 202192,010 ₩ billion5.3
Q1 202189,138 ₩ billion2.7
Q4 202087,466 ₩ billion2.6

Last 24 observations. The full history (43 observations) is available through the API.

Get South Korea Korea: Government (BOK ECOS) 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.GDP.Q.REAL.ITEM-1010120"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.GDP.Q.REAL.ITEM-1010120",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ3 2026
First observationQ1 2016
Observations43
FrequencyQuarterly
Units₩ billion
AdjustmentReal (inflation-adjusted)
10-year high8.1% (Q4 2021)
10-year low−0.1% (Q1 2024)
10-year average4.0%
Source agencyBank of Korea
Makrognosis codeKR.GDP.Q.REAL.ITEM-1010120

More South Korea GDP series

South Korea GDP (Gross Domestic Product)South Korea Korea: (Goods) F.O.B. basis (BOK ECOS)South Korea Korea: (Goods) F.O.B. basis (BOK ECOS)South Korea Korea: (Goods) F.O.B. basis (BOK ECOS)South Korea Korea: (Goods) F.O.B. basis (BOK ECOS)South Korea Korea: (Services) (BOK ECOS)South Korea Korea: (Services) (BOK ECOS)South Korea Korea: (Services) (BOK ECOS)South Korea Korea: (Services) (BOK ECOS)South Korea Korea: (less) Imports of goods and services (BOK ECOS)South Korea Korea: (less) Imports of goods and services (BOK ECOS)South Korea Korea: Accommodation and food services (BOK ECOS)South Korea Korea: Accommodation and food services (BOK ECOS)South Korea Korea: Agriculture, forestry and fishing (BOK ECOS)South Korea Korea: Agriculture, forestry and fishing (BOK ECOS)South Korea Korea: Arts, sports and recreation (BOK ECOS)South Korea Korea: Arts, sports and recreation (BOK ECOS)South Korea Korea: Basic metals (BOK ECOS)South Korea Korea: Basic metals (BOK ECOS)South Korea Korea: Building construction and repair (BOK ECOS)

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 korea: Government (BOK ECOS) in South Korea?
The latest reading is 2.6% year on year for Q3 2026, published by Bank of Korea.
Where does this data come from?
It is collected directly from Bank of Korea and is available through the Makrognosis API under the code KR.GDP.Q.REAL.ITEM-1010120.

Last updated 2026-10-27. Source: Bank of Korea. Original title: “Korea: Government (BOK ECOS)”.