North Korea - Forecast | 2017-2020

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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 130.00 128 127 126 124 110 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 3.90 1 1.2 1.2 1.2 1.3 percent [+]
Gdp Constant Prices 31996.60 32377 32375 32372 32370 32571 KPW Billion [+]
Gdp From Agriculture 7144.10 7012 6984 6956 6928 6685 KPW Billion [+]
Gdp From Construction 2608.70 2597 2593 2588 2583 2437 KPW Billion [+]
Gdp From Manufacturing 6657.90 6967 7019 7072 7124 7595 KPW Billion [+]
Gdp From Mining 4790.40 5044 5056 5068 5080 5082 KPW Billion [+]
Gdp From Public Administration 6904.40 6928 6927 6926 6925 6866 KPW Billion [+]
Gdp From Services 9561.60 9614 9623 9632 9640 9677 KPW Billion [+]
Gdp From Transport 762.80 753 752 751 751 758 KPW Billion [+]
Gdp From Utilities 1192.50 1216 1209 1202 1195 1170 KPW Billion [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.30 4.2 4.2 4.2 4.4 4.4 percent [+]
Labor Force Participation Rate 79.50 79.45 79.46 79.46 79.47 79.72 percent [+]
Population 25.37 25.49 25.52 25.56 25.59 25.85 Million [+]
Employed Persons 14717.00 14794 14735 14677 14618 14433 Thousand [+]
Employment Rate 74.20 74.29 74.32 74.35 74.38 74.81 percent [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 55.00 18 22 20 19 10 percent [+]
Inflation Rate Mom 80.00 66.42 66.42 66.42 66.42 66.42 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Terrorism Index 0.00 0 0 0 0 0 [+]
Weapons Sales 1.00 17.69 20.21 22.73 25.26 35.22 USD Million [+]
Imports 3207.53 2991 2970 2949 2927 2986 USD Million [+]
Exports 2862.77 2746 2714 2682 2651 2435 USD Million [+]
Balance of Trade -344.77 -908 -928 -948 -968 -806 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Manufacturing Production 4.80 1.61 1 0.39 -0.21 1.42 percent [+]
Steel Production 1216.00 1248 1261 1275 1288 1463 Thousand Tonnes [+]
Industrial Production -3.10 0.05 0.77 1.5 2.22 3.9 percent [+]
Car Production 0.40 0.41 0.41 0.41 0.42 0.45 Ten Thousand Units [+]
Cement Production 7077.00 7110 7114 7117 7121 6842 Thousands of Tonnes [+]
Corruption Index 12.00 8 8 9 9 9 Points [+]
Corruption Rank 174.00 174 174 174 174 174 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 12.00 88 87.5 87.15 87.45 87.39 mm [+]
Temperature -6.00 -4.57 0.38 16.01 10.8 -2.23 celsius [+]