The Gross Domestic Product (GDP) in North Korea contracted 4.10 percent in 2018 from the previous year.

GDP Annual Growth Rate in North Korea averaged -0.61 percent from 1990 until 2018, reaching an all time high of 6.10 percent in 1999 and a record low of -6.50 percent in 1997. 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 - values, historical data and charts - was last updated on July of 2020.

GDP Annual Growth Rate in North Korea is expected to reach -5.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Korea GDP Annual Growth Rate is projected to trend around -1.00 percent in 2021 and 1.30 percent in 2022, according to our econometric models.

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North Korea GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-4.10 -3.50 6.10 -6.50 1990 - 2018 percent Yearly


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.