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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 129.40 128 127 126 124 104 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate -1.10 1 1 1 1.2 1.3 percent [+]
Gdp Constant Prices 30804.90 30795 30814 30832 30832 30769 KPW Billion [+]
Gdp From Agriculture 6967.90 6996 6970 6944 6931 6728 KPW Billion [+]
Gdp From Construction 2576.50 2490 2523 2556 2553 2401 KPW Billion [+]
Gdp From Manufacturing 6353.10 6374 6294 6213 6201 6086 KPW Billion [+]
Gdp From Mining 4418.00 4450 4384 4317 4310 4279 KPW Billion [+]
Gdp From Public Administration 6860.60 6874 6888 6901 6916 7022 KPW Billion [+]
Gdp From Services 9505.20 9527 9541 9555 9575 9743 KPW Billion [+]
Gdp From Transport 764.40 756 757 757 757 757 KPW Billion [+]
Gdp From Utilities 975.40 984 944 905 905 839 KPW Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Population 25.16 25.22 25.25 25.28 25.31 25.76 Million [+]
Unemployment Rate 4.30 4.2 4.2 4.2 4.2 4.4 percent [+]
Labor Force Participation Rate 79.50 79.39 79.4 79.4 79.38 79.17 percent [+]
Employed Persons 14717.00 14829 14799 14796 14796 14790 Thousand [+]
Employment Rate 74.20 73.99 73.99 73.93 73.93 73.23 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 55.00 21 20 18 22 10 percent [+]
Inflation Rate Mom 80.00 66.42 66.42 66.42 66.42 66.42 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Terrorism Index 0.00 0 0 0 0 0 [+]
Weapons Sales 1.00 8.23 7.27 6.31 7 7.05 USD Million [+]
Imports 3207.53 3487 3416 3346 3353 3346 USD Million [+]
Exports 2862.77 3054 3088 3121 3102 2972 USD Million [+]
Balance of Trade -344.77 -621 -551 -482 -485 -394 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Manufacturing Production -3.40 2.56 1.69 0.82 0.92 -0.26 percent [+]
Steel Production 1079.00 1134 1105 1076 1071 952 Thousand Tonnes [+]
Industrial Production -3.10 0.48 0.08 -0.31 0.31 3.32 percent [+]
Car Production 0.40 0.38 0.38 0.38 0.38 0.36 Ten Thousand Units [+]
Cement Production 6697.00 6686 6689 6692 6692 6764 Thousands of Tonnes [+]
Corruption Index 12.00 9 8 8 8 9 Points [+]
Corruption Rank 174.00 174 175 175 175 174 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]