# South Korea Korea: Taxes less subsidies on products (BOK ECOS)

South Korea Korea: Taxes less subsidies on products (BOK ECOS) was up 10.1% year on year in Q2 2026, compared with 17.8% in Q1 2026.
The level stood at 50,542 ₩ billion.
Over the past ten years it has ranged from −8.9% (Q2 2023) to 17.8% (Q1 2026), averaging 3.3%.

- Source agency: Bank of Korea
- Makrognosis code: `KR.GDP.Q.NOM.ITEM-1300`
- Frequency: quarterly
- Units: ₩ billion
- Coverage: 2016-01-01 to 2026-04-01 (42 observations)
- Page: https://makrognosis.robomacro.com/data/south-korea/korea-taxes-less-subsidies-on-products-bok-ecos-nominal-quarterly

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 50,542 ₩ billion | 10.1 |
| Q1 2026 | 53,735 ₩ billion | 17.8 |
| Q4 2025 | 47,185 ₩ billion | 5.0 |
| Q3 2025 | 46,218 ₩ billion | 1.7 |
| Q2 2025 | 45,907 ₩ billion | −0.4 |
| Q1 2025 | 45,620 ₩ billion | −1.7 |
| Q4 2024 | 44,926 ₩ billion | 5.6 |
| Q3 2024 | 45,447 ₩ billion | 5.8 |
| Q2 2024 | 46,098 ₩ billion | 6.3 |
| Q1 2024 | 46,430 ₩ billion | 7.5 |
| Q4 2023 | 42,554 ₩ billion | −6.1 |
| Q3 2023 | 42,961 ₩ billion | −7.9 |
| Q2 2023 | 43,356 ₩ billion | −8.9 |
| Q1 2023 | 43,210 ₩ billion | −5.3 |
| Q4 2022 | 45,306 ₩ billion | −5.3 |
| Q3 2022 | 46,631 ₩ billion | 0.2 |
| Q2 2022 | 47,612 ₩ billion | 1.9 |
| Q1 2022 | 45,631 ₩ billion | 6.4 |
| Q4 2021 | 47,859 ₩ billion | 13.4 |
| Q3 2021 | 46,526 ₩ billion | 9.3 |
| Q2 2021 | 46,742 ₩ billion | 13.5 |
| Q1 2021 | 42,890 ₩ billion | 2.7 |
| Q4 2020 | 42,186 ₩ billion | 4.6 |
| Q3 2020 | 42,560 ₩ billion | 4.2 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/KR.GDP.Q.NOM.ITEM-1300"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.GDP.Q.NOM.ITEM-1300",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```