NK News – North Korea News
22nd May 2013
 

Is the North Korean Economy shrinking? by Marcus Noland

Is the North Korean Economy shrinking? by Marcus Noland

According to the South Korean government, the North Korean economy shrank in 2010, marking the second consecutive year of negative growth.  On South Korean reckoning, per capita income in North Korea remains 25 percent below its 1990 peak.

This conclusion stands in contrast to numerous anecdotal reports of improved living standards in Pyongyang, though is

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