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Korea, North Introduction Key Economic Facts North Korea is a country in Eastern Asia occupying the northern half of the Korean Peninsula. It borders the Korea Bay and the Sea of Japan between China and South Korea. North Korea is composed of mountains and uplands, separated by deep and narrow valleys. The government system is a communist state one-man dictatorship; the chief of state is the president, and the head of state is the premier. North Korea has a command economy in which the central government directs the economy regarding the production and distribution of goods. Income Level (by per capita GNI): GDP, PPP (current international $): GDP growth (annual %): GDP per capita, PPP (current international $): Manufacturing, value added (% of GDP): Current account balance (BoP, current US$): Inflation, consumer prices (annual %): Labor force, total: Unemployment, total (% of total labor force): Imports of goods and services (current US$): Exports of goods and services (current US$): Location: Capital City: Chief of State: Head of Govt.: Currency: Major Languages: Primary Religions: Eastern Asia Pyongyang (+9 GMT) Kim Jong Un Premier Pak Pong-ju North Korean won (KPW) Korean Traditionally Buddhist and Confucianist, some Christian and syncretic Chondogyo (Religion of the Heavenly Way) Calling Code: 850 Voltage: 220 Key Websites Main Government Page: korea-dpr.com U.S. Embassy Low Income None- Note: Swedish embassy in Pyongyang represents the United States as consular protecting power. $0.97 billion (2012) -1.07% (2012) $18,034.15 (2012) 6.65% (2011) -$0.06 billion (2011) 1.37% (2012) 15,335,855 (2014) 4.10% (2014) $0.32 billion (2011) $0.23 billion (2011) GDP Composition % Agriculture Industry Manufacturing Services 75 2 23 7 *Although Manufacturing is included in the Industry figures, it is also separately reported because it plays a critical role in economy. Rankings Index Corruption Perceptions Index Global Enabling Trade Report Index of Economic Freedom Rank 167 / 168 29 / 138 178 / 178 Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV