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

South Korea Korea: Taxes less subsidies on products (BOK ECOS) was up 8.3% year on year in Q2 2026, compared with 14.1% in Q1 2026.
The level stood at 118.5 2020=100.
Over the past ten years it has ranged from −5.0% (Q4 2023) to 14.1% (Q1 2026), averaging 2.4%.

- Source agency: Bank of Korea
- Makrognosis code: `KR.GDPDEF.Q.NSA.ITEM-1300`
- Frequency: quarterly
- Units: 2020=100
- 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-not-seasonally-adjusted

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 118.5 2020=100 | 8.3 |
| Q1 2026 | 122.5 2020=100 | 14.1 |
| Q4 2025 | 113.9 2020=100 | 4.0 |
| Q3 2025 | 111.5 2020=100 | 0.6 |
| Q2 2025 | 109.4 2020=100 | 0.8 |
| Q1 2025 | 107.4 2020=100 | 0.5 |
| Q4 2024 | 109.5 2020=100 | 5.5 |
| Q3 2024 | 110.9 2020=100 | 5.0 |
| Q2 2024 | 108.6 2020=100 | 5.7 |
| Q1 2024 | 106.8 2020=100 | 4.3 |
| Q4 2023 | 103.8 2020=100 | −5.0 |
| Q3 2023 | 105.6 2020=100 | −3.0 |
| Q2 2023 | 102.8 2020=100 | −4.6 |
| Q1 2023 | 102.4 2020=100 | −1.7 |
| Q4 2022 | 109.3 2020=100 | 0.7 |
| Q3 2022 | 108.8 2020=100 | 1.0 |
| Q2 2022 | 107.8 2020=100 | 6.8 |
| Q1 2022 | 104.1 2020=100 | 4.5 |
| Q4 2021 | 108.6 2020=100 | 7.9 |
| Q3 2021 | 107.8 2020=100 | 5.6 |
| Q2 2021 | 100.9 2020=100 | 5.1 |
| Q1 2021 | 99.61 2020=100 | −1.6 |
| Q4 2020 | 100.6 2020=100 | 2.6 |
| Q3 2020 | 102.0 2020=100 | 1.9 |

## API

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

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