North Korea GDP

North Korea GDP (Gross Domestic Product)

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North Korea GDP (Gross Domestic Product)

North Korea country overview

North Korea is officially called the Democratic People’s Republic of Korea. It is located in East Asia. Its capital and largest city are called Pyongyang. North Korea’s official language is Korean.

North Korea GDP
North Korea GDP

The main religion in North Korea is atheism. The total area of North Korea is 120,535 km2. Its population rank is 97th in the world.

Its total population is 25,550,600 in the year 2018. Its population rank is 55th in the world. North Korea’s Population density is 212/ km2. Its population density rank is 45th in the world.

North Korea Economy

North Korea’s currency name is the North Korean won. North Korea is generally called a low-income economy because last some decades North Korea’s Economy growth and development is very low.

The total labor force in North Korea is 16,504,170 in the year 2019. When we talk about its labor force by occupation, so agriculture: 37%, industry: 64% in the year 2008.

The unemployment rate in North Korea is 25% in the year 2013. Its main industries are electric products, chemicals, mining, iron, coal, copper, textile, food products, etc. North Korea’s Gross external debt is $20 billion in the year 2011.

North Korea GDP

The total GDP of North Korea is $28 billion (nominal) and $40 billion (PPP) in the year 2016. Its GDP rank is 115th (nominal) and 113th (PPP) in the year 2017. North Korea’s GDP growth rate is -4.0% in the year 2018.

North Korea’s GDP per capita is $1,350 (nominal) and $1,750 (PPP) in the year 2016. Its GDP per capita rank is 178th (nominal) and 179th (PPP) in the year 2017. When we talk about its GDP by sector, so agriculture: is 23%, industry, is 48%, and services are 30% in the year 2017.

Exports

North Korea’s total exports are $223 million in the year 2018. Its main export goods are minerals, iron, textile, agriculture, food and fish products, etc. Its main export partner is China.

Imports

Its total imports are $2.5 billion in the year 2018. North Korea’s main import goods are petroleum, machinery, coal, textile, etc. Its main import partner is China.

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