North Korea's Economy Struggles Amidst Global Isolation
A Historical Perspective
Following the Korean War, North Korea's GDP per capita was comparable to that of neighboring South Korea. However, from the mid-1970s onwards, North Korea's GDP per capita began to decline significantly.
Recent Economic Trends
In 2022, North Korea's GDP reached approximately $0 trillion, a significant decline from previous years. The country's GDP has been in a downward trend since 2020, with experts attributing the decline to international sanctions, economic isolation, and the COVID-19 pandemic.
Industrial Breakdown
According to available data, North Korea's real GDP in 2022 was primarily driven by the following industries:
- Agriculture
- Manufacturing
- Services
However, specific data on the contribution of each industry to the overall GDP is not publicly available.
Economic Outlook
Experts predict that North Korea's GDP growth will continue to remain sluggish in the coming years. The country's economic isolation and sanctions are expected to continue to hinder its ability to trade and attract foreign investment.
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