# South Korea Korea: Government (BOK ECOS)

South Korea Korea: Government (BOK ECOS) was up 3.1% year on year in Q2 2026, compared with 2.4% in Q1 2026.
The level stood at 118.9 2020=100.
That is the highest reading since Q4 2022.
Over the past ten years it has ranged from 0.9% (Q3 2019) to 4.4% (Q2 2022), averaging 2.4%.

- Source agency: Bank of Korea
- Makrognosis code: `KR.GDPDEF.Q.NSA.ITEM-1010120`
- Frequency: quarterly
- Units: 2020=100
- Coverage: 2016-01-01 to 2026-04-01 (42 observations)
- Page: https://makrognosis.robomacro.com/data/south-korea/korea-government-bok-ecos-not-seasonally-adjusted-quarterly

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 118.9 2020=100 | 3.1 |
| Q1 2026 | 113.8 2020=100 | 2.4 |
| Q4 2025 | 111.9 2020=100 | 2.3 |
| Q3 2025 | 118.3 2020=100 | 1.9 |
| Q2 2025 | 115.4 2020=100 | 1.9 |
| Q1 2025 | 111.0 2020=100 | 2.1 |
| Q4 2024 | 109.4 2020=100 | 2.0 |
| Q3 2024 | 116.2 2020=100 | 2.1 |
| Q2 2024 | 113.2 2020=100 | 2.3 |
| Q1 2024 | 108.7 2020=100 | 2.6 |
| Q4 2023 | 107.3 2020=100 | 2.0 |
| Q3 2023 | 113.8 2020=100 | 2.6 |
| Q2 2023 | 110.7 2020=100 | 2.5 |
| Q1 2023 | 106.0 2020=100 | 2.8 |
| Q4 2022 | 105.2 2020=100 | 4.3 |
| Q3 2022 | 110.8 2020=100 | 4.1 |
| Q2 2022 | 108.0 2020=100 | 4.4 |
| Q1 2022 | 103.1 2020=100 | 4.0 |
| Q4 2021 | 100.9 2020=100 | 2.4 |
| Q3 2021 | 106.5 2020=100 | 2.8 |
| Q2 2021 | 103.5 2020=100 | 2.5 |
| Q1 2021 | 99.15 2020=100 | 1.9 |
| Q4 2020 | 98.53 2020=100 | 1.3 |
| Q3 2020 | 103.6 2020=100 | 1.1 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/KR.GDPDEF.Q.NSA.ITEM-1010120"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.GDPDEF.Q.NSA.ITEM-1010120",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```