North Korea - Forecast - 2018-2020

This page has economic forecasts for North Korea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the North Korea economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 130.00
130 130 130 130 130
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate -3.50
percent
1.2 1.2 -0.22 -0.15 1.3
Gdp Constant Prices 30882.30
KPW Billion
32381 31253 30814 30836 31976
Gdp From Agriculture 7049.40
KPW Billion
7230 7134 7034 7039 7299
Gdp From Construction 2494.00
KPW Billion
2640 2524 2489 2490 2582
Gdp From Manufacturing 6196.60
KPW Billion
6738 6271 6183 6187 6416
Gdp From Mining 4265.50
KPW Billion
4848 4317 4256 4259 4417
Gdp From Public Administration 6958.40
KPW Billion
6987 7042 6943 6948 7205
Gdp From Services 9608.80
KPW Billion
9676 9724 9588 9594 9949
Gdp From Transport 730.90
KPW Billion
772 740 729 730 757
Gdp From Utilities 1157.30
KPW Billion
1207 1171 1155 1156 1198
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.20
percent
4.22 4.2 4.2 4.2 4.4
Labor Force Participation Rate 79.50
percent
79.4 79.4 79.38 79.37 79.12
Population 25.49
Million
25.58 25.6 25.63 25.66 25.94
Employed Persons 14717.00
Thousand
14829 14799 14796 14794 14790
Employment Rate 74.20
percent
73.99 73.99 73.93 73.88 73.06
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 55.00
percent
19 19 16 23.4 10
Inflation Rate Mom 80.00
percent
66.42 66.42 66.42 66.42 66.42
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Terrorism Index 0.00
0 0 0 0 0
Weapons Sales 1.00
USD Million
11.62 10.64 12.56 14.48 19.93
Imports 3532.51
USD Million
3289 3360 3356 3352 3268
Exports 1844.50
USD Million
1787 1525 1559 1593 1641
Balance of Trade -1688.00
USD Million
-1502 -1760 -1797 -1760 -1627
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing Production -6.90
percent
-1.73 -2.93 -1.82 -0.71 -0.99
Internet Speed 3451.38
KBps
2604 2603 2602 2601 2599
IP Addresses 130.00
IP
115 96.86 114 97.75 101
Steel Production 1090.00
Thousand Tonnes
1125 1104 1083 1063 1010
Industrial Production -3.10
percent
0.08 -0.31 0.31 0.95 2.53
Car Production 0.30
Ten Thousand Units
0.31 0.29 0.29 0.3 0.26
Cement Production 6838.00
Thousands of Tonnes
6959 6872 6835 6798 6802
Corruption Index 17.00
Points
17 17 16 15 10
Corruption Rank 171.00
173 174 175 177 180
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 12.52
mm
199 35.26 21.5 88.57 89.25
Temperature -6.81
celsius
19.57 1.04 -5.88 18.52 6.91