North Korea GDP Annual Growth Rate  1990-2016 | Data | Chart | Calendar

The North Korean economy shrank 1.1% in 2015, following a 1% growth in 2014, according to estimates from the Bank of Korea. It is the first contraction in 5 years and the biggest since a 1.2% drop in 2007. Production of electricity, gas and water recorded the biggest decline (-12.7%) as the drought hurt hydroelectric power generation, followed by manufacturing (-3.4%); mining (-2.6%) and agriculture (-0.8%). In contrast, construction surged 4.8% and the services sector went up 0.8%. External trade excluding South Korea declined 17.9%, while trade with South Korea increased 15.7%. Exports shrank 14.8% to USD 2.7 billion with mineral sales falling 14.7% and textiles rising 5.3%. Imports slumped 20% to USD 3.56 billion. GDP Annual Growth Rate in North Korea averaged -0.52 percent from 1990 until 2015, reaching an all time high of 6.20 percent in 1999 and a record low of -6.30 percent in 1997.

North Korea GDP Annual Growth Rate
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North Korea GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.10 1.00 6.20 -6.30 percent [+]
GDP 17.40 16.57 17.40 4.85 USD Billion [+]
Gdp Constant Prices 30804.90 31160.90 35026.90 24912.40 KPW Billion [+]
Gdp From Agriculture 6967.90 7024.90 7024.90 4980.10 KPW Billion [+]
Gdp From Construction 2576.50 2457.60 3494.90 1480.00 KPW Billion [+]
Gdp From Manufacturing 6353.10 6573.30 11834.90 5434.90 KPW Billion [+]
Gdp From Mining 4418.00 4537.00 5732.00 3084.00 KPW Billion [+]
Gdp From Public Administration 6860.60 6803.60 6860.60 5668.90 KPW Billion [+]
Gdp From Services 9505.20 9432.80 9505.20 7877.30 KPW Billion [+]
Gdp From Transport 764.40 759.00 764.40 746.10 KPW Billion [+]
Gdp From Utilities 975.40 1117.80 1318.70 815.00 KPW Billion [+]



North Korea GDP Annual Growth Rate Notes

In 2015, the services sector accounted for 32.2 percent of total GDP, with government services reaching 23.3 percent. The agricultural sector recorded the second largest share (21.6 percent), followed by manufacturing (20.4 percent); mining (12.2 percent); construction (9 percent) and electricity, gas and water supply (4.5 percent), according to estimates from the central bank of South Korea. This page provides - North Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. North Korea GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 1.00 6.20 -6.30 1990 - 2015 percent Yearly



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