| People | North Korea |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
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 and shortages of spare parts. Industrial and power output have declined in parallel from pre-1990 levels. Due in part to severe summer flooding followed by dry weather conditions in the fall of 2006, the nation suffered its 13th year of food shortages because of on-going systemic problems including a lack of arable land, collective farming practices, and persistent shortages of tractors and fuel. During the summer of 2007, severe flooding again occurred. 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. Large-scale military spending draws off resources needed for investment and civilian consumption. Since 2002, the government has formalized an arrangement whereby private "farmers' markets" were allowed 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 October 2005, the government tried to reverse some of these policies by forbidding private sales of grains and reinstituting a centralized food rationing system. By December 2005, the government terminated most international humanitarian assistance operations in North Korea (calling instead for developmental assistance only) and restricted the activities of remaining international and non-governmental aid organizations such as the World Food Program. External food aid now comes primarily from China and South Korea in the form of grants and long-term concessional loans. During the October 2007 summit, South Korea also agreed to develop some of North Korea's infrastructure and natural resources and light industry. Firm political control remains the Communist government's overriding concern, which will likely inhibit the loosening of economic regulations. |
GDP (purchasing power parity):
|
$40 billion
note: North Korea does not publish any reliable National Income Accounts data; the datum shown here is derived from purchasing power parity (PPP) GDP estimates for North Korea that were made by Angus MADDISON in a study conducted for the OECD; his figure for 1999 was extrapolated to 2007 using estimated real growth rates for North Korea's GDP and an inflation factor based on the US GDP deflator; the result was rounded to the nearest $10 billion (2007 est.) |
GDP (official exchange rate):
|
$2.22 billion (2006 est.) |
GDP - real growth rate:
|
-1.1% (2006 est.) |
GDP - per capita (PPP):
|
$1,900 (2007 est.) |
GDP - composition by sector:
|
agriculture: 23.3%
industry: 43.1%
services: 33.6% (2002 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
NA% |
Labor force:
|
20 million
note: estimates vary widely (2004 est.) |
Labor force participation rate:
|
85.18 % of population |
Labor force - by occupation:
|
agriculture: 37%
industry and services: 63% (2004 est.) |
Unemployment rate:
|
NA% |
Budget:
|
revenues: $2.88 billion $NA
expenditures: $2.98 billion $NA |
Budget revenues per capita:
|
123 USD per capita |
Public debt:
|
void |
Industries:
|
military products; machine building, electric power, chemicals; mining (coal, iron ore, limestone, magnesite, graphite, copper, zinc, lead, and precious metals), metallurgy; textiles, food processing; tourism |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
22.5 billion kWh (2006 est.) |
Electricity - production per capita:
|
959 kWh per capita |
Electricity - consumption:
|
18.57 billion kWh (2005) |
Electricity - consumption - per capita:
|
791 kWh per capita |
Electricity - exports:
|
0 kWh (2007) |
Electricity - imports:
|
0 kWh (2007) |
Oil - production:
|
141 bbl/day (2005 est.) |
Oil - production per capita:
|
7 bbl/day per capita |
Oil - consumption:
|
10,520 bbl/day (2006) |
Oil - consumption - per capita:
|
0.16 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2006) |
Oil - imports:
|
10,520 bbl/day (2006 est.) |
Oil - proved reserves:
|
NA bbl |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007) |
Natural gas - proved reserves:
|
0 cu m (1 January 2007) |
Agriculture - products:
|
rice, corn, potatoes, soybeans, pulses; cattle, pigs, pork, eggs |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$1.466 billion f.o.b. (2006) |
Exports per capita:
|
63 USD per capita |
Exports - commodities:
|
minerals, metallurgical products, manufactures (including armaments), textiles, agricultural and fishery products |
Exports - partners:
|
South Korea 32%, China 29%, Thailand 9% (2006) |
Imports:
|
$2.879 billion c.i.f. (2006) |
Imports per capita:
|
123 USD per capita |
Imports - commodities:
|
petroleum, coking coal, machinery and equipment, textiles, grain |
Imports - partners:
|
China 27%, South Korea 16%, Thailand 9%, Russia 7% (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$12.5 billion (2001 est.) |
Debt - external - per capita:
|
533 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$372 million
note: approximately 65,000 metric tons in food aid through the World Food Program appeals in 2007, plus additional aid from bilateral donors and non-governmental organizations (2007 est.) |
Economic aid - recipient per capita:
|
16 USD per capita |
Currency (code):
|
North Korean won (KPW) |
Exchange rates:
|
official: North Korean won per US dollar - 140 (2007), 141 (2006), 170 (December 2004), market: North Korean won per US dollar - 2,500-3,000 (December 2006) |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
