Economy ofNorth Korea
Pyongyang montage.png
CurrencyNorth Korean won (KPW, ₩)
Fiscal year
Calendar year
Country group
Low-income economy
Statistics
PopulationIncrease 25,666,161 (2019)
GDP
  • $28.5 billion (nominal, 2016)
  • $40 billion (PPP, 2015 est.)
GDP rank
  • 115th (nominal, 2017)
  • 113th (PPP, 2017)
GDP growth
−4.5% (2020)
GDP per capita
  • $1,300 (2016, nominal)
  • $1,700 (PPP, 2015 est.)
GDP per capita rank
  • 178th (nominal, 2017)
  • 179th (PPP, 2017)
GDP by sector
  • agriculture: 22.5%
  • industry: 47.6%
  • services: 29.9%
  • (2017 est.)
Population belowpoverty line
N/A
Gini coefficient
N/A
Human Development Index
  • N/A
  • N/A IHDI
Labour force
  • Increase 16,503,176 (2019)
  • Decrease 78.2% employment rate (2019)
Labour force by occupation
  • agriculture: 37%
  • industry: 63%
  • (2008 est.)
UnemploymentNegative increase 2.81% (2020 est.)
Main industries
Military products, machine building, electric power, chemicals, mining (coal, iron ore, limestone, magnesite, graphite, copper, zinc, lead, and precious metals), agriculture, metallurgy, textiles, food processing, tourism
Ease-of-doing-business rank
N/A
External
ExportsDecrease $222 million (2018)
Export goods
Minerals, metallurgical products, manufactures (including armaments), textiles, agricultural and fishery products
Main export partners
  •  China 67% (2019)
ImportsDecrease $2.32 billion (2018 est.)
Import goods
Petroleum, coking coal, machinery and equipment, textiles, grain
Main import partners
  •  China 95.8% (2019)
FDI stock
Decrease $1.878 billion (December 31, 2015, est.)
Grossexternal debt
$20 billion (2011 est)
Public finances
Budget balance
−0.4% (of GDP) (2007 est.)
Revenues3.2 billion (2007 est.)
Expenses3.3 billion (2007 est.)
Main data source:CIA World Fact Book
All values, unless otherwise stated, are in US dollars.