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North Korea

North Korea : economy statistics and industry reports

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

Imports

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

Exports

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

Inflation rate (consumer prices)

NA%

Unemployment rate

NA%

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

NA

Telephones - mobile cellular

431,900 (2010)

Population growth rate

0.535% (2012 est.)

Population

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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Oxford Economics

Country Economic Forecasts > North Korea

  • $ 163
  • Country report
  • March 2017
  • by Oxford Economics

GDP growth is estimated at 1.5% in 2016 despite the knock-on effects of the drought that is now thought to have resulted in a 1.1% contraction in 2015. Deepening ties with China, raising export revenues ...

  • Countries : North Korea

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