North Korea (Korea, Democratic People's Republic Of) Economic Statistics and Indicators

25, Feb 2018, EST. Welcome to the North Korea economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Korea, North (Korea, Democratic People's Republic Of) › Change country
National or Regional Currency: North Korean Won, KPW
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 24,851,627 (July 2014 est.)
Area: total: 120,538 sq km ; land: 120,408 sq km ; water: 130 sq km
Natural Resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower
Capital: name: Pyongyang ; geographic coordinates: 39 01 N, 125 45 E ; time difference: UTC+9 (14 hours ahead of Washington, DC, during Standard Time)

North Korea, one of the world's most centrally directed and least open economies, faces chronic economic problems. Industrial capital stock is nearly beyond repair as a result of years of underinvestment, shortages of spare parts, and poor maintenance. Large-scale military spending draws off resources needed for investment and civilian consumption. Industrial and power output have stagnated for years at a fraction of pre-1990 levels. Frequent weather-related crop failures aggravated chronic food shortages caused by on-going systemic problems, including a lack of arable land, collective farming practices, poor soil quality, insufficient fertilization, and persistent shortages of tractors and fuel. Large-scale international food aid deliveries have allowed the people of North Korea to escape widespread starvation since famine threatened in 1995, but the population continues to suffer from prolonged malnutrition and poor living conditions. Since 2002, the government has allowed private "farmers' markets" to begin selling a wider range of goods. It also permitted some private farming - on an experimental basis - in an effort to boost agricultural output. In December 2009, North Korea carried out a redenomination of its currency, capping the amount of North Korean won that could be exchanged for the new notes, and limiting the exchange to a one-week window. A concurrent crackdown on markets and foreign currency use yielded severe shortages and inflation, forcing Pyongyang to ease the restrictions by February 2010. In response to the sinking of the South Korean warship Cheonan and the shelling of Yeonpyeong Island, South Korea's government cut off most aid, trade, and bilateral cooperation activities, with the exception of operations at the Kaesong Industrial Complex. In preparation for the 100th anniversary of KIM Il-sung's birthday in 2012, North Korea continued efforts to develop special economic zones with China and expressed willingness to permit construction of a trilateral gas pipeline that would carry Russian natural gas to South Korea. The North Korean government often highlights its goal of becoming a "strong and prosperous" nation and attracting foreign investment, a key factor for improving the overall standard of living. In this regard, in 2013 the regime rolled out 14 new Special Economic Zones set up for foreign investors, though the initiative remains in its infancy. Nevertheless, firm political control remains the government's overriding concern, which likely will inhibit changes to North Korea's current economic system.
More on the North Korea Economy
More on the North Korea Export, Import and Trade

Economic Indicators for North Korea 2015

Not Available
* Source: IMF
Aggregate Indicators for North Korea
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for North Korea
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for North Korea
  Natural Resources, Agricultural Products, Land Use and Water Use for North Korea
  Nationality, Ethnic Groups, Languages and Religions for North Korea
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for North Korea
  Age Structure, Median Age, Gender and Urbanization for North Korea
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for North Korea
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for North Korea
  HIV, AIDS and Other Major Infectious Disease Rates for North Korea
  Literacy Rate, Educational Expenditure and School Life Expectancy for North Korea
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for North Korea
  Industries and Industrial Growth Production Rate for North Korea
  Labor Force by Occupation for North Korea
  Poverty Line, Gini Index, Household Income and Consumption for North Korea
  National Budget and Public Debt for North Korea
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for North Korea
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for North Korea
  Stock Market Capitalization: Market Value of Publicly Traded Shares for North Korea
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for North Korea
  Foreign Exchange Reserves and Gold Reserves for North Korea
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for North Korea
  Exchange Rate Statistics for North Korea
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for North Korea
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for North Korea
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for North Korea
  Television and Radio Statistics (TV Stats, Radio Stats) for North Korea
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for North Korea
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for North Korea
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for North Korea
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for North Korea
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for North Korea
* Source: CIA
Internet Indicators for North Korea
Indicators
  Number of Internet Users for North Korea
  Internet Penetration Rate for North Korea
  Number of Facebook Accounts for North Korea
  Facebook Penetration Rate for North Korea
* Source: IWS
Economic Freedom Indicators for North Korea
Indicators
  Economic Freedom World Rank for North Korea
  Government Spending for North Korea
  Monetary Freedom for North Korea
  Investment Freedom for North Korea
  Financial Freedom for North Korea
  Property Rights for North Korea
  Economic Freedom Regional Ranking for North Korea
  Freedom from Corruption for North Korea
  Labor Freedom for North Korea
  Tariff Rate for North Korea
  Income Tax Rate for North Korea
  Corporate Tax Rate for North Korea
  Tax Burden % of GDP for North Korea
  Government Expenditure % of GDP for North Korea
  Business Freedom for North Korea
  Trade Freedom for North Korea
  Fiscal Freedom for North Korea
  2016 Score for North Korea
* Source: HFO