North Korea

North Korea : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$3.528 billion (2010 est.)
$3.096 billion (2009)


$2.557 billion (2010)
$2.554 billion (2010 est.)

Inflation rate (consumer prices)


Unemployment rate


GDP - per capita (PPP)

$1,800 (2011 est.)
$1,800 (2010 est.)
$1,900 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

-0.9% (2009 est.)
3.7% (2008 est.)

Internet users


Telephones - mobile cellular

431,900 (2010)

Population growth rate

0.535% (2012 est.)


24,589,122 (July 2012 est.)

Historical background

An independent kingdom for much of its long history, Korea was occupied by Japan beginning in 1905 following the Russo-Japanese War.

Five years later, Japan formally annexed the entire peninsula.

Following World War II, Korea was split with the northern half coming under Soviet-sponsored Communist control.

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North Korea

Economic overview

North Korea, one of the world's most centrally directed and least open economies, faces chronic economic problems.

Industrial capital stock is nearly beyond repair as a result of years of underinvestment and shortages of spare parts.

Large-scale military spending draws off resources needed for investment and civilian consumption.

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East Asia and Pacific - ISA Risk Forecasts

East Asia and Pacific - ISA Risk Forecasts

  • $ 249
  • Country report
  • January 2015
  • by ISA

This report contains detailed risk forecasts for each country within the region. Risk assessments are made in a number of fields, including domestic and international political risk, domestic and international ...

  • Countries : South Korea, Asia, Philippines, World, Papua New Guinea, New Zealand, Australia, Singapore, North Korea, Indonesia, Vietnam, Thailand, Taiwan, Myanmar, Mongolia, Malaysia, Japan, China, Cambodia, Brunei Darussalam, Guinea, Oceania, Fiji, Laos

Oxford Economics

Country Economic Forecasts > North Korea

Country Economic Forecasts > North Korea

  • $ 185
  • Country report
  • March 2014
  • by Oxford Economics

With production at Kaesong Industrial Zone (KIC) halted for five months, last year's GDP and export growth remained weak. Growth is estimated at just 1% (but the best since 2008 despite typhoon damage), ...

  • Countries : North Korea, South Korea

The Economist Intelligence Unit

Country Report North Korea 4th Quarter 2014

Country Report North Korea 4th Quarter 2014

  • $ 285
  • Country report
  • November 2014
  • by The Economist Intelligence Unit

Outlook for 2015-16 The domestic political outlook remains clouded following the purge of Jang Song-thaek, the uncle and mentor of North Korea's young leader, Kim Jong-un, in December 2013. Although ...

  • Countries : South Korea, North Korea

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