North Korea: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data Unavailable |
| Economic Trivia | In the agricultural sector, potato production in North Korea is a major activity that provides for food security in the country. |
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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) [1]
| GDP, PPP (current international) | $966,341,677 (2012) |
| GDP Growth Rate (annual %) | -1.071% (2012) |
| GDP Per Capita, PPP (current international) | $18,034 (2012) |
GDP Country Rank 190/197 (2012)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.375% (2012) |
| External debt stocks, total (DOD, current US$) | 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$) | ($60,301,607) (2011) |
Labor and Employment [1]
| Labor Force, Total | 15,831,330 (2022) |
| Employment in Agriculture (% of total employment) | 43.507% (2021) |
| Employment in Industry (% of total employment) | 14.184% (2021) |
| Employment in Services (% of total employment) | 42.31% (2021) |
| Unemployment Rate | 2.962% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $315,037,731 (2011) |
| Exports of goods and services (current US$) | $228,030,934 (2011) |
| Total Merchandise Trade (% of GDP) | 42.132% (2011) |
| FDI, net inflows (BoP, current US$) | $10,000,000 (2022) |
| Commercial Service Exports (current US$) | $135,238,325 (2011) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.