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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
  • April 2014
  • 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

The Economist Intelligence Unit

Country Forecast Asia May 2013

Country Forecast Asia May 2013

  • $ 730
  • Country report
  • May 2013
  • by The Economist Intelligence Unit

Political outlook The start of 2013 saw a significant political transition in North-east Asia, with new governments in South Korea and Japan, as well as the transition to a new leadership in China, which ...

  • Countries : Asia, South Korea, World, Philippines, Japan, China, Australia, Bangladesh, Pakistan, Malaysia, India, Singapore, North Korea, Indonesia, Vietnam, Myanmar, Cambodia, Oceania

Frontier Securities

Will you invest North Korea through Mongolia?

Will you invest North Korea through Mongolia?

  • $ 20
  • Country report
  • July 2013
  • by Frontier Securities

After a Mongolian company has tapped one of the world's most closed markets by taking a stake in a North Korean oil refinery, some investors have begun to speculate about the opportunities to use Mongolian ...

  • Countries : South Korea, North Korea, Mongolia, Asia

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

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