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The economy of North Korea is a centrally planned economy, following Juche, where the role of market allocation schemes is limited, although increased to an extent. [11] [12] As of 2024, North Korea continues its basic adherence to a centralized planned economy.
The links in the "Country/Territory" row of the following table link to the article on the GDP or the economy of the respective country or territory. ... North Korea ...
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
North Korea's economy grew sharply in 2023 after shrinking for three straight years as trade with China increased after COVID-19 pandemic border controls were eased, according to estimates by ...
He has been pushing to modernise the farming industry and rural communities because North Korea's economy relies heavily on agriculture but continues to struggle with food shortages amid sanctions ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
1.3 Nominal GDP sector composition (2005 constant prices) 2 GDP from natural resources. 3 List by alphabetical order. 4 GDP (PPP) ... Korea, North: 23.0: 43.4: 33.6 ...