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CompareEconomy.com Comparison of world economies

North Korea

World Rank North Korea flag svg
Capital
Area
Currency
Pyongyang
120,540 km 2
Korean People's won (KPW)

Table of Contents

Introduction

The official name of North Korea is Democratic People's Republic of Korea. It is a nation located in East Asia that inhabits the northern part of the Korean Peninsula. The country is neighboured by three countries, namely China, Russia, and South Korea. The largest city and at the same time the capital of the nation is Pyongyang. Interestingly, in spite of being very small in both size and population, DPRK is one of the most militarized nations in the world. We should bear in mind that in spite of claims of being a one-party republic, the nation is governed under a totalitarian dictatorship with the head of Kim Jong-un.

Economy

It is difficult to establish the official and legitimate GDP of North Korea due to lack of formal information from the government. However, it is said that the Purchasing Power Parity (PPP) GDP is estimated to be at around $40 billion. Still, these data come from 2014 and if we apply the same progress in North Korea to other nations, we can observe the increase of GDP by at least 20%. 

Population

According to data from 2018, the population of North Korea is at around 25 million. If we take into account its low land coverage, it gives them a density of 212 North Koreans per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
- US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
- US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#149 (2021)
3.21 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)