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North Korea

Choson-minjujuui-inmin-konghwaguk

Last updated: 2026-03-28 (today)

Industries

military products; machine building, electric power, chemicals; mining (coal, iron ore, limestone, magnesite, graphite, copper, zinc, lead, and precious metals), metallurgy; textiles, food processing; tourism

Labor force

17.637 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Exchange rates

Currency

North Korean won (KPW) per US dollar (average market rate)

Exchange rates 2015

130 (2015 est.)

Exchange rates 2016

130 (2016 est.)

Exchange rates 2017

135 (2017 est.)

Economic overview

one of the last centrally planned economies; hard hit by COVID-19, crop failures, international sanctions, and isolationist policies; declining growth and trade, and heavily reliant on China; poor exchange rate stability; economic data integrity issues

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

2.9% (2022 est.)

Unemployment rate 2023

2.9% (2023 est.)

Unemployment rate 2024

2.9% (2024 est.)

Exports - partners

China 74%, Poland 3%, Senegal 3%, Angola 3%, Austria 3% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 97%, Togo 1%, Peru 1%, Gabon 1%, India 0% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2015 dollars

Real GDP per capita 2021

$600 (2021 est.)

Real GDP per capita 2022

$600 (2022 est.)

Real GDP per capita 2023

$600 (2023 est.)

Agricultural products

maize, vegetables, rice, apples, cabbages, fruits, sweet potatoes, potatoes, beans, soybeans (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

fake hair, iron alloys, tungsten ore, electricity, cars (2023)

note: top five export commodities based on value in dollars

Imports - commodities

processed hair, plastic products, garments, fabric, soybean oil (2023)

note: top five import commodities based on value in dollars

GDP (official exchange rate)

$16.447 billion (2023 est.)

note: data in current dollars at official exchange rate

Real GDP (purchasing power parity)

note

note: data in 2015 dollars

Real GDP (purchasing power parity) 2021

$14.982 billion (2021 est.)

Real GDP (purchasing power parity) 2022

$14.959 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$15.416 billion (2023 est.)

Youth unemployment rate (ages 15-24)

male

6.1% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

6.8% (2024 est.)

female

7.4% (2024 est.)