north korea’s economy economic data korea economic institute washington, dc keia

North Korea’s EconomyEconomic Data

Korea Economic InstituteWashington, DCwww.keia.org

October 2007 V2

Nominal and Per Capita GNI

Source: Bank of Korea

Population and Per Capita GNI

Source: Bank of Korea

Source: Bank of Korea

GDP Growth

Industrial Structure in 2006 (Percentage of Total GDP)

Source: Bank of Korea

Agriculture,Foresty,Fishery23%

Mining10%

Manufacturing19%

Electricity,Gas & water5%

Construction9%

Services34%

GDP Growth Rates by Industry

Source: Bank of Korea

North Korea’s External Trade

Source: KOTRA

1.41

1.621.53

1.61

1.84

2.003

0.560.65

0.74 0.78

1.02 0.998

1.97

3.001

2.39

2.86

2.27 2.27

0

0.5

1

1.5

2

2.5

3

3.5

2000 2001 2002 2003 2004 2005

Year

USD

(Bill

ions

)

Imports Exports Total

Trade with Major Trading Partners (2005)

Source: KOTRA

715.5

205

340

133

73.3

224.4

1081

62.5

131

7.9

499.2

6.70

100

200

300

400

500

600

700

800

900

1000

1100

1200

China South Korea* Japan Russia Thailand Singapore

Major Trading Partners

USD

(Mill

ions

)

Imports Exports

Source: KOTRA

Trade with Major Trading Partners Trade with Major Trading Partners (2004)(2004)

800

446

89

206239

55

134

586

249

163

7

91

2 10

100

200

300

400

500

600

700

800

900

China South Korea* Japan Russia Thailand Singapore India

Major Trading Partners

USD

(Mill

ions

)

Imports Exports

Trade with Major Trading Partners (2003)

Source: KOTRA

628

435

92116

204

158

395

289

174

3

51

20

100

200

300

400

500

600

700

China South Korea* Japan Russia Thailand India

Major Trading Partners

USD

(Mill

ions

)

Imports Exports

Singapore2%

Thailand9%

Russia6%

Japan5%

South Korea28%

China43%

Others7%

North Korea’s Principal Trade Partners (2005)

Source: KOTRA

South Korea23%

Japan9%

Russia4%

Thiland8%

India5%

Others18%

China33%

India 4%Singapore

2%

Thailand 10%

Russia 7%

Japan 8%

South Korea 22%

Others 5%

China 42%

North Korea’s Principal Trade Partners (2003 – 2004)

Source: Ministry of Unification

2003 2004

China25%

South Korea22%

Japan13%

Russia3%

Thailand7%

India7%

Others23%

China28%

South Korea15%

Japan18%

Russia3%

Thailand5%

India6%

Others25%

North Korea’s Principal Trade Partners (2001 – 2002)

Source: Ministry of Unification

2001 2002

272.8226.8

370.2

435.0 439.0

715.5

519.6

233.3

152.4 176.2

271.6 289.3258.0

340.3

830.2

325.4

425.2 403.0

641.7724.2 697.0

1055.8

1349.7

718.2

0

200

400

600

800

1,000

1,200

1,400

1,600

2000 2001 2002 2003 2004 2005 2006 H1 2007

Volu

me

(Mill

ions

USD

)

Year

Series2 Series1 Series3

Inter- Korean Trade

Source: National Statistical Office (2000-2005 data), Ministry of Unification (2006 data)

51.5 67.693.7

62.8 72.8

120.995.0

349.9

409.7

233.3

78.1

144.3179.1 164.0

297.4333.8 345.0

365.9

420.5

159.4129.6

211.9

272.8226.8

370.2

454.7 440.0

715.7

830.2

392.7

0

100

200

300

400

500

600

700

800

900

1998 1999 2000 2001 2002 2003 2004 2005 2006 H1 2007

Volu

me

(Mill

ions

USD

)

ROK Com mercial Exports to DPRK ROK Non-Com mercial Exports to DPRK Total ROK Export to DPRK

South Korean Exports to North Korea By Type

Source: Ministry of Unification

Note: Data on ROK commercial export volume and non-commercial export volume are not available for 2005-2006.

South Korea’s Processing-on-Commission Trade with North Korea

Source: Ministry of Unification