This page has economic forecasts for North Korea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the North Korea economy.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 130.00
130 130 130 130 130
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate -3.50
percent
1.2 1 1 1 1.3
GDP Constant Prices 30882.30
KPW Billion
31253 31191 31191 31191 31976
GDP From Agriculture 7049.40
KPW Billion
7134 7120 7120 7120 7299
GDP From Construction 2494.00
KPW Billion
2524 2519 2519 2519 2582
GDP From Manufacturing 6196.60
KPW Billion
6271 6259 6259 6259 6416
GDP From Mining 4265.50
KPW Billion
4317 4308 4308 4308 4417
GDP From Public Administration 6958.40
KPW Billion
7042 7028 7028 7028 7205
GDP From Services 9608.80
KPW Billion
9724 9705 9705 9705 9949
GDP From Transport 730.90
KPW Billion
740 738 738 738 757
GDP From Utilities 1157.30
KPW Billion
1171 1169 1169 1169 1198
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.20
percent
4.2 4.2 4.2 4.2 4.4
Labor Force Participation Rate 79.50
percent
79.4 79.38 79.37 79.35 79.12
Population 25.49
Million
25.6 25.63 25.66 25.69 25.94
Employed Persons 14717.00
Thousand
14799 14796 14794 14791 14790
Employment Rate 74.20
percent
73.99 73.93 73.88 73.82 73.06
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 55.00
percent
19 16 23.4 23.4 10
Inflation Rate Mom 80.00
percent
66.42 66.42 66.42 66.42 66.42
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Terrorism Index 0.00
0 0 0 0 0
Weapons Sales 1.00
USD Million
10.64 12.56 14.48 16.4 19.93
Imports 3532.51
USD Million
3360 3356 3352 3349 3268
Exports 1844.50
USD Million
1525 1559 1593 1627 1641
Balance of Trade -1688.00
USD Million
-1760 -1797 -1760 -1722 -1627
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Manufacturing Production -6.90
percent
-2.93 -1.82 -0.71 0.4 -0.99
Internet Speed 3451.38
KBps
2603 2602 2601 2601 2599
IP Addresses 130.00
IP
96.86 114 97.75 113 101
Steel Production 1090.00
Thousand Tonnes
1104 1083 1063 1042 1010
Industrial Production -3.10
percent
-0.31 0.31 0.95 1.59 2.53
Car Production 0.30
Ten Thousand Units
0.29 0.29 0.3 0.3 0.26
Cement Production 6838.00
Thousands of Tonnes
6872 6835 6798 6761 6802
Corruption Index 17.00
Points
17 17 17 17 17
Corruption Rank 171.00
171 171 171 171 171
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 12.52
mm
35.26 21.5 88.57 88.57 89.25
Temperature -6.81
celsius
1.04 -5.88 18.52 18.52 6.91



North Korea - Forecast - 2018-2020