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

The Gross Domestic Product (GDP) in North Korea expanded 3.10 percent in the fourth quarter of 2023 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, South Korea's nominal gross domestic product (GDP) reached approximately ***** trillion South Korean won, while North Korea's amounted to about **** trillion South Korean won. Consequently, South Korea's nominal GDP was approximately ** 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 ** 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 **** 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.

Historical chart and dataset showing North Korea gdp growth rate by year from N/A to N/A.

GDP from Manufacturing in North Korea increased to 5752.80 KPW Billion in 2023 from 5433.50 KPW Billion in 2022. This dataset provides - North Korea Gdp From Manufacturing- 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. According to the source, North Korea's real GDP had a year-on-year increase of *** percent.

South Korea GDP for 2023 was 1.713 trillion US dollars, a 2.32% increase from 2022.

<ul style='margin-top:20px;'>

<li>South Korea GDP for 2022 was <strong>1.674 trillion US dollars</strong>, a <strong>7.95% decline</strong> from 2021.</li>
<li>South Korea GDP for 2021 was <strong>1.818 trillion US dollars</strong>, a <strong>10.59% increase</strong> from 2020.</li>
<li>South Korea GDP for 2020 was <strong>1.644 trillion US dollars</strong>, a <strong>0.43% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

North Korea GDP for was $0.00, a 0% increase from .

<ul style='margin-top:20px;'>

<li>North Korea GDP for was <strong>$0.00</strong>, a <strong>0% increase</strong> from .</li>
<li>North Korea GDP for was <strong>$0.00</strong>, a <strong>0% increase</strong> from .</li>
<li>North Korea GDP for was <strong>$0.00</strong>, a <strong>0% increase</strong> from .</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

In 2023, it was estimated that government services accounted for approximately 24 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 3.1 percent.

GDP from Mining in North Korea increased to 2823.70 KPW Billion in 2023 from 2751.40 KPW Billion in 2022. This dataset provides - North Korea Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Transport in North Korea increased to 386.10 KPW Billion in 2022 from 327.70 KPW Billion in 2021. This dataset provides - North Korea Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the gross domestic product (GDP) growth rate for the manufacturing sector in North Korea was about 5.9 percent, showing the first positive growth after years of negative growth. North Korea's overall GDP growth rate was estimated at about 3.1 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.

GDP from Utilities in North Korea decreased to 1967.80 KPW Billion in 2023 from 2064.30 KPW Billion in 2022. This dataset provides - North Korea Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

North Korea economic growth for was $0.00, a 0% increase from .

<ul style='margin-top:20px;'>

<li>North Korea economic growth for was <strong>$0.00</strong>, a <strong>0% increase</strong> from .</li>
<li>North Korea economic growth for was <strong>$0.00</strong>, a <strong>0% increase</strong> from .</li>
<li>North Korea economic growth for was <strong>$0.00</strong>, a <strong>0% increase</strong> from .</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2029. 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.

GDP from Agriculture in North Korea increased to 7216 KPW Billion in 2023 from 7146.70 KPW Billion in 2022. This dataset provides - North Korea Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Construction in North Korea increased to 3325.10 KPW Billion in 2023 from 3073.20 KPW Billion in 2022. This dataset provides - North Korea Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, South Korea's gross national income (GNI) per capita was approximately ***** million South Korean won, while North Korea's GNI per capita was about **** million won. South Korea's GNI per capita was almost ** times higher than that of North Korea.