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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 130.00
130 130 130 130 130
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.90
percent
1.2 1.2 1.85 1.7 1.3
Gdp Constant Prices 31996.60
KPW Billion
32381 33028 32589 32931 33792
Gdp From Agriculture 7144.10
KPW Billion
7230 7374 7276 7353 7545
Gdp From Construction 2608.70
KPW Billion
2640 2693 2657 2685 2755
Gdp From Manufacturing 6657.90
KPW Billion
6738 6873 6781 6852 7032
Gdp From Mining 4790.40
KPW Billion
4848 4945 4879 4930 5059
Gdp From Public Administration 6904.40
KPW Billion
6987 7127 7032 7106 7292
Gdp From Services 9561.60
KPW Billion
9676 9870 9738 9841 10098
Gdp From Transport 762.80
KPW Billion
772 787 777 785 806
Gdp From Utilities 1192.50
KPW Billion
1207 1231 1215 1227 1259
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.20
percent
4.22 4.2 4.2 4.2 4.4
Labor Force Participation Rate 79.50
percent
79.4 79.4 79.38 79.37 79.12
Population 25.49
Million
25.58 25.6 25.63 25.66 25.94
Employed Persons 14717.00
Thousand
14829 14799 14796 14794 14790
Employment Rate 74.20
percent
73.99 73.99 73.93 73.88 73.06
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 55.00
percent
19 19 16 23.4 10
Inflation Rate Mom 80.00
percent
66.42 66.42 66.42 66.42 66.42
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Terrorism Index 0.00
0 0 0 0 0
Weapons Sales 1.00
USD Million
11.62 10.64 12.56 14.48 19.93
Imports 3532.51
USD Million
3289 3360 3356 3352 3268
Exports 1844.50
USD Million
1787 1525 1559 1593 1641
Balance of Trade -1688.00
USD Million
-1502 -1760 -1797 -1760 -1627
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing Production 4.80
percent
2.09 2.27 1.51 0.75 1.71
Internet Speed 3451.38
KBps
2604 2603 2602 2601 2599
IP Addresses 130.00
IP
115 96.86 114 97.75 101
Steel Production 1216.00
Thousand Tonnes
1162 1190 1191 1193 1177
Industrial Production -3.10
percent
0.08 -0.31 0.31 0.95 2.53
Car Production 0.40
Ten Thousand Units
0.39 0.39 0.38 0.38 0.37
Cement Production 7077.00
Thousands of Tonnes
7101 7238 7280 7322 7518
Corruption Index 17.00
Points
17 17 16 15 10
Corruption Rank 171.00
173 174 175 177 180
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 12.52
mm
199 35.26 21.5 88.57 89.25
Temperature -6.81
celsius
19.57 1.04 -5.88 18.52 6.91