North Korea GDP Annual Growth Rate  1990-2018 | Data | Chart | Calendar

The North Korean economy shrank 3.5 percent in 2017, after growing 3.9 percent in 2016, according to estimates from the Bank of Korea. It was the steepest contraction since a 6.5 percent drop in 1997, after international sanctions hit exports of coal and other commodities and products from industries related with chemicals, nuclear & missile activities. External trade excluding trade between North and South Korea amounted to USD 5.55 billion, a decrease of 15 percent from 2016. Exports slumped 37.2 percent while imports increased 1.8 percent. By industry, output tumbled for mining (-11 percent), agriculture & fisheries (-1.3 percent), manufacturing (-6.9 percent), utilities (-2.9 percent) and construction (-4.4 percent) while the services sector increased a meager 0.5 percent, mainly due to government activities. GDP Annual Growth Rate in North Korea averaged -0.48 percent from 1990 until 2017, reaching an all time high of 6.10 percent in 1999 and a record low of -6.50 percent in 1997.

North Korea GDP Annual Growth Rate
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North Korea GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -3.50 3.90 6.10 -6.50 percent [+]
GDP 16.12 17.40 17.40 4.85 USD Billion [+]
Gdp Constant Prices 30882.30 31996.60 35026.90 24912.40 KPW Billion [+]
Gdp From Agriculture 7049.40 7144.10 7144.10 4980.10 KPW Billion [+]
Gdp From Construction 2494.00 2608.70 3494.90 1480.00 KPW Billion [+]
Gdp From Manufacturing 6196.60 6657.90 11834.90 5434.90 KPW Billion [+]
Gdp From Mining 4265.50 4790.40 5732.00 3084.00 KPW Billion [+]
Gdp From Public Administration 6958.40 6904.40 6958.40 5668.90 KPW Billion [+]
Gdp From Services 9608.80 9561.60 9608.80 7877.30 KPW Billion [+]
Gdp From Transport 730.90 762.80 764.40 730.90 KPW Billion [+]
Gdp From Utilities 1157.30 1192.50 1318.70 815.00 KPW Billion [+]


North Korea GDP Annual Growth Rate

In 2015, the services sector accounted for 32.2 percent of total GDP, with government services reaching 23.3 percent. The agricultural sector recorded the second largest share (21.6 percent), followed by manufacturing (20.4 percent); mining (12.2 percent); construction (9 percent) and electricity, gas and water supply (4.5 percent), according to estimates from the central bank of South Korea. This page provides - North Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. North Korea GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 3.90 6.10 -6.50 1990 - 2017 percent Yearly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Australia 3.10 Mar/18
Netherlands 2.90 Jun/18
South Korea 2.90 Jun/18
United States 2.80 Jun/18
Mexico 2.70 Jun/18
Spain 2.70 Jun/18
Canada 2.30 Mar/18
Euro Area 2.20 Jun/18
Switzerland 2.20 Mar/18
Germany 2.00 Jun/18
Russia 1.80 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Brazil 1.20 Mar/18
Italy 1.10 Jun/18
Japan 1.00 Jun/18


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