N.Korea's economy evolving: Bank of Korea | NK News
July 22, 2024
News

N.Korea’s economy evolving: Bank of Korea

Service, construction show ongoing improvement, while primary industry remain stagnant due to last year's drought

The Bank of (South) Korea on Friday unveiled the North Korean economic growth rate, noting that its gross domestic product increased 1 percent in 2014 from the previous year.

The North's mining industry grew by 1.6 percent, and manufacturing showed 0.8 percent of growth due mainly to increasing production of textiles and shoes. The service industry, including restaurants, accommodation, transportation and communication showed 1.3 percent growth.

Become a member for less
than $5.75 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.