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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
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