The Gross Domestic Product (GDP) in North Korea was worth 18 billion US dollars in 2019, according to official data from the World Bank. The GDP value of North Korea represents 0.02 percent of the world economy. This dataset provides - North Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, South Korea's nominal gross domestic product (GDP) reached approximately 2,401 trillion South Korean won, while North Korea's amounted to about 40.2 trillion South Korean won. Consequently, South Korea's nominal GDP was approximately 60 times larger than that of North Korea during that year. Moreover, North Korea's GDP growth has been notably slower than that of South Korea.North Korea's economic development North Korea's economy is centered around its capital city and military, with particular emphasis on the expansion of its nuclear capabilities in recent decades. Roughly 98 percent of foreign trade has been with China in the past decade, from which it imports mainly intermediate goods and raw materials. Food shortages, exacerbated by the COVID-19 pandemic, are a recurring issue for North Korea, as poor harvests, international sanctions, and a downturn in inter-Korean trade have created sourcing problems. The full extent of this issue remains unknown, but it is estimated that almost half the population is undernourished. Kaesong Industrial ComplexThe Kaesong Industrial Complex project began in 2000 and was a crucial part of South Korea's efforts to improve relations with North Korea. It aimed to foster cooperation between the two Koreas and promote stability in the region. The industrial park, located in Kaesong, North Korea, was intended to provide a platform for small and medium-sized South Korean companies. South Korea would provide the necessary capital and infrastructure, while North Korean workers would be tasked with manufacturing products, aiming to stimulate economic growth on both sides of the border. Unfortunately, the complex was affected by tensions between the two Koreas and shut down in 2016. It has not been reopened since.

The Gross Domestic Product (GDP) in North Korea expanded 3.70 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - North Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, it was estimated that government services accounted for approximately ** percent of North Korea's nominal gross domestic product (GDP), followed by agriculture, forestry, and fishing. According to the source, North Korea's real GDP experienced a year-on-year increase of about *** percent.

In 2023, South Korea's gross domestic product (GDP) grew by about 1.4 percent compared to the previous year. North Korea's GDP growth rate stood at about 3.1 percent that year, achieving positive growth for the first time after experiencing a period of negative growth during the COVID-19 pandemic.

GDP from Agriculture in North Korea decreased to 7979.80 KPW Billion in 2024 from 8135.60 KPW Billion in 2023. This dataset provides - North Korea Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Transport in North Korea increased to 507.40 KPW Billion in 2024 from 490.30 KPW Billion in 2023. This dataset provides - North Korea Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the contribution of government services to North Korea's real gross domestic product (GDP) was estimated at about *** trillion South Korean won. The GDP of agriculture, forestry, and fishing was estimated at approximately *** trillion won.

Historical dataset showing North Korea GDP per capita by year from N/A to N/A.

North Korea: Gross Domestic Product, billions of 2015 U.S. dollars: The latest value from is billion U.S. dollars, unavailable from billion U.S. dollars in . In comparison, the world average is 0.0 billion U.S. dollars, based on data from countries. Historically, the average for North Korea from to is billion U.S. dollars. The minimum value, billion U.S. dollars, was reached in while the maximum of billion U.S. dollars was recorded in .

GDP from Manufacturing in North Korea increased to 6291.10 KPW Billion in 2024 from 5877.20 KPW Billion in 2023. This dataset provides - North Korea Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Historical dataset showing North Korea trade to gdp ratio by year from N/A to N/A.

In 2023, North Korea's GDP growth rate reached approximately *** percent, marking the first positive growth after a period of decline during the COVID-19 pandemic. Following increased international sanctions in 2017, North Korea's economy mostly experienced negative growth.

GDP from Services in North Korea increased to 12161.90 KPW Billion in 2024 from 12001.40 KPW Billion in 2023. This dataset provides - North Korea Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

North Korea: Fiscal balance, percent of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for North Korea from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

North Korea: GDP per capita, constant dollars: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0.00 U.S. dollars, based on data from countries. Historically, the average for North Korea from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

In 2023, the gross domestic product (GDP) growth rate for the manufacturing sector in North Korea was about *** percent, showing the first positive growth after years of negative growth. North Korea's overall GDP growth rate was estimated at about *** percent that year. Overall, North Korea's economy has been mainly experiencing negative growth, particularly after increased international sanctions in 2017 and the following COVID-19 pandemic.

Historical dataset showing North Korea debt to gdp ratio by year from N/A to N/A.

North Korea KP:(GDP) Gross Domestic Productper Person Employed: 2011 PPP data was reported at 2,752.026 Intl $ in 2017. This records an increase from the previous number of 2,720.361 Intl $ for 2016. North Korea KP:(GDP) Gross Domestic Productper Person Employed: 2011 PPP data is updated yearly, averaging 2,752.026 Intl $ from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 3,905.480 Intl $ in 1991 and a record low of 2,558.657 Intl $ in 1998. North Korea KP:(GDP) Gross Domestic Productper Person Employed: 2011 PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s North Korea – Table KP.World Bank: Employment and Unemployment. GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2011 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2030. GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2024, South Korea's GDP was around 1.87 trillion U.S. dollars. See global GDP for a global comparison. South Korea’s economy South Korea is doing quite well economically. It is among the leading export countries worldwide, it mainly exports electronics, automobiles and machinery. South Korea is also one of the leading import countries worldwide. Additionally, it is one of the leading countries with the largest proportion of global domestic product / GDP based on Purchasing Power Parity (PPP). Its GDP has been increasing for the last few years, while the gross domestic product / GDP growth in South Korea has not been steady but increasing since 2009. South Korea is an OECD member and a member of the G20 states. Among the latter, its GDP growth was higher than that of the United States or the European Union in 2013. South Korea is one of the fastest-growing economies worldwide. Its standard of living is also considered to be quite high, the unemployment rate, which is one key factor, has been at around 3 percent, give or take a few percentage points, for the past decade. As a comparison, the United States’ unemployment rate was almost twice, sometimes three times as high as in South Korea during the same period. As for employment, South Korea’s rate is almost the same as that of the United States or France, with more than 60 percent of employed persons in the population.