February 05, 2023

North Korea’s economy grew by 3.9 percent in 2016: Bank of Korea

Mining, manufacturing and energy sectors fueling growth, says South Korea's central bank

North Korea's gross domestic product (GDP) grew by 3.9 percent last year, South Korea's central bank reported on Friday.

According to the "Estimates of North Korea's Economic Growth Rate in 2016" report by the Bank of Korea, North Korea's economy grew primarily in the mining, manufacturing, electricity, gas, and water sectors.