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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 130.00
130 130 130 130 130
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 3.90
percent
1.2 1.2 1.2 1.85 1.3
Gdp Constant Prices 31996.60
KPW Billion
32381 32381 33028 32589 33792
Gdp From Agriculture 7144.10
KPW Billion
7230 7230 7374 7276 7545
Gdp From Construction 2608.70
KPW Billion
2640 2640 2693 2657 2755
Gdp From Manufacturing 6657.90
KPW Billion
6738 6738 6873 6781 7032
Gdp From Mining 4790.40
KPW Billion
4848 4848 4945 4879 5059
Gdp From Public Administration 6904.40
KPW Billion
6987 6987 7127 7032 7292
Gdp From Services 9561.60
KPW Billion
9676 9676 9870 9738 10098
Gdp From Transport 762.80
KPW Billion
772 772 787 777 806
Gdp From Utilities 1192.50
KPW Billion
1207 1207 1231 1215 1259
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.20
percent
4.2 4.22 4.2 4.2 4.4
Labor Force Participation Rate 79.50
percent
79.39 79.4 79.4 79.38 79.12
Population 25.37
Million
25.42 25.46 25.5 25.53 26.06
Employed Persons 14717.00
Thousand
14859 14829 14799 14796 14790
Employment Rate 74.20
percent
73.99 73.99 73.99 73.93 73.06
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 55.00
percent
20 19 19 16 10
Inflation Rate Mom 80.00
percent
66.42 66.42 66.42 66.42 66.42
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Terrorism Index 0.00
0 0 0 0 0
Weapons Sales 1.00
USD Million
12.59 11.62 10.64 12.56 19.93
Imports 3142.13
USD Million
3472 3380 3288 3298 3309
Exports 2919.74
USD Million
3104 3135 3166 3146 3123
Balance of Trade -222.40
USD Million
-368 -245 -177 -151 -186
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Manufacturing Production 4.80
percent
1.9 2.09 2.27 1.51 1.71
Internet Speed 3451.38
KBps
2605 2604 2603 2602 2599
IP Addresses 130.00
IP
95.85 115 96.86 114 101
Steel Production 1216.00
Thousand Tonnes
1134 1162 1190 1191 1177
Industrial Production -3.10
percent
0.48 0.08 -0.31 0.31 2.53
Car Production 0.40
Ten Thousand Units
0.38 0.39 0.39 0.38 0.37
Cement Production 7077.00
Thousands of Tonnes
6964 7101 7238 7280 7518
Corruption Index 17.00
Points
17 17 17 16 10
Corruption Rank 171.00
172 173 174 175 180
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 12.52
mm
93.31 199 35.26 21.5 89.25
Temperature -6.81
celsius
12.3 19.57 1.04 -5.88 6.91