February 26, 2024
News

North Koreans earn just 4% of the average South Korean’s income, new report says

The average North Korean made less money in 2019 compared to a year prior, despite an improving economic growth rate

The average North Korean is making less money than in previous years despite living in a country with an improving economic growth rate, according to a new South Korean government report released on Monday.

According to the National Statistical Office (KOSTAT)’s new index, North Korea’s overall economic growth rate improved in 2019 after worsening for two consecutive years. But North Korea’s gross national income (GNI) per capita — the average income per person — fell from around 1.43 million South Korean won, or KRW, in 2018 ($1,306) to 1.41 million ($1,288) in 2019.

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