North Korea: Economy

Economic Trivia

In the agricultural sector, Potato production in North Korea is a major activity that provides for food security in the country.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Military Products; Machine Building; Electric Power; Chemicals

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $966,341,677 (2012)
GDP Growth Rate (annual %) -1.071% (2012)
GDP Per Capita, PPP (current international) $18,034 (2012)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 184/193 (2012)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.375% (2012)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 52.1% (2012)
Real Interest Rate (5 year average %) 7.509% (2012)
Manufacturing, value added (% of GDP) 6.647% (2011)
Current Account Balance (BoP, current US$) ($60,301,607) (2011)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 15,335,855 (2014)
Employment in Agriculture (% of total employment) 0.2% (2001)
Employment in Industry (% of total employment) 48.9% (2001)
Employment in Services (% of total employment) 42.1% (2001)
Unemployment Rate 4.1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $315,037,731 (2011)
Exports of goods and services (current US$) $228,030,934 (2011)
Total Merchandise Trade (% of GDP) 42.132% (2011)
FDI, net inflows (BoP, current US$) $134,333,333 (2014)
Commercial Service Exports (current US$) $135,238,325 (2011)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, North Korea’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary