North Korea's GDP: Historical Data and Charts
Latest Update
As of April 2024, the latest data on North Korea's gross domestic product (GDP) was released. According to the Bank of Korea (BOK), North Korea's GDP contracted by 0.2% in real terms in 2022. This decline was largely due to the country's ongoing economic isolation and sanctions.
Historical Data and Charts
The following table shows the historical data for North Korea's GDP. The data are from the BOK and are expressed in current U.S. dollars.
| Year | GDP (current USD) | |---|---| | 2022 | 28.5 billion | | 2021 | 28.6 billion | | 2020 | 29.0 billion | | 2019 | 29.4 billion | | 2018 | 29.7 billion |The following chart shows the historical trend in North Korea's GDP.
[Image of a line chart showing the historical trend in North Korea's GDP]Outlook
The outlook for North Korea's economy is uncertain. The country's ongoing economic isolation and sanctions are likely to continue to weigh on growth. However, if North Korea can improve its relations with its neighbors, there is potential for significant economic growth.
Additional Information
For more information on North Korea's economy, please visit the following websites:
- Bank of Korea: https://www.bok.or.kr/eng/
- World Bank: https://www.worldbank.org/en/country/northkorea
- International Monetary Fund: https://www.imf.org/en/Countries/PRK
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