North Korea - Forecast - 2018-2020

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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 130.00
130 130 130 130 130
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 3.90
percent
1.2 1.2 1.2 1.2 1.3
Gdp Constant Prices 31996.60
KPW Billion
31182 31580 31979 32377 32348
Gdp From Agriculture 7144.10
KPW Billion
6939 6963 6987 7012 6573
Gdp From Construction 2608.70
KPW Billion
2567 2577 2587 2597 2368
Gdp From Manufacturing 6657.90
KPW Billion
6473 6638 6802 6967 7784
Gdp From Mining 4790.40
KPW Billion
4532 4703 4873 5044 5038
Gdp From Public Administration 6904.40
KPW Billion
6883 6898 6913 6928 6816
Gdp From Services 9561.60
KPW Billion
9555 9575 9595 9614 9677
Gdp From Transport 762.80
KPW Billion
760 757 755 753 762
Gdp From Utilities 1192.50
KPW Billion
1038 1097 1157 1216 1158
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.30
percent
4.2 4.2 4.37 4.2 4.4
Labor Force Participation Rate 79.50
percent
79.44 79.45 79.45 79.45 79.87
Population 25.37
Million
25.38 25.42 25.46 25.49 25.95
Employed Persons 14717.00
Thousand
14856 14835 14815 14794 14373
Employment Rate 74.20
percent
74.27 74.28 74.29 74.29 74.94
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 55.00
percent
22 20 19 19 10
Inflation Rate Mom 80.00
percent
81.09 81.09 81.09 81.09 81.09
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Terrorism Index 0.00
0 0 0 0 0
Weapons Sales 1.00
USD Million
20.01 19.23 18.46 17.69 40.85
Imports 3207.53
USD Million
3181 3118 3054 2991 3068
Exports 2862.77
USD Million
2893 2844 2795 2746 2375
Balance of Trade -344.77
USD Million
-952 -937 -923 -908 -913
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Manufacturing Production 4.80
percent
0.73 1.02 1.32 1.61 0.2
Internet Speed 3451.38
KBps
2752 2752 2752 2752 2752
IP Addresses 130.00
IP
108 77.79 106 79.07 84.94
Steel Production 1216.00
Thousand Tonnes
1156 1186 1217 1248 1540
Industrial Production -3.10
percent
0.88 0.6 0.32 0.05 2.78
Car Production 0.40
Ten Thousand Units
0.41 0.41 0.41 0.41 0.46
Cement Production 7077.00
Thousands of Tonnes
6757 6875 6993 7110 6666
Corruption Index 12.00
Points
9 9 8 8 9
Corruption Rank 174.00
174 174 174 174 174
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 12.52
mm
21.46 93.31 199 35.26 89.25
Temperature -6.81
celsius
-5.87 12.3 19.57 1.04 6.91