Gdp Drops By 10 Between 2017 And 2019

North Korea's Economy Shrinks Significantly

GDP Drops by 10% Between 2017 and 2019

Official Data Reveals Economic Challenges and International Sanctions

After the 8th Party Congress, Kim Byung-yeon of the Seoul National University reported that North Korea's Gross Domestic Product (GDP) has decreased by 10% between 2017 and 2019.

According to official data from the World Bank, North Korea's GDP in 2019 was valued at 18 billion US dollars. This represents a significant decline from the previous year's GDP.

The report highlights the ongoing economic challenges facing North Korea, which has been subjected to international sanctions for its nuclear and missile programs. These sanctions have restricted trade and investment, contributing to the country's reduced economic growth.

The World Bank data also provides insights into other key metrics for North Korea, including population, life expectancy, and birth rate. This information offers a comprehensive view of the country's socio-economic situation.

As the North Korean economy continues to face challenges, future reports and analysis will be crucial in tracking its progress and understanding the implications for the region and beyond.