IFED
For Governments& ChambersFor Banks& InvestorsFor Corporates& SMEsFor Philanthropists& RoyaltyFor Start-Ups& YouthIntelligence Centre

    Korea, North

    Continent
    Asia
    Capital
    Pyongyang
    Population
    26,298,666
    Sub-Zones
    12
    General Information
    Basic details about Korea, North
    Population:
    26,298,666
    Area:
    120,538 sq km
    Currency:
    North Korean won
    Languages:
    Korean
    Economic Overview
    Key economic indicators for Korea, North
    GDP:
    $40 billion
    GDP per Capita:
    $1,700
    GDP Growth:
    -1.1%
    Unemployment:
    3%
    Political System
    Governance structure of Korea, North
    Government Type:
    dictatorship, single-party communist state
    Head of State:
    State Affairs Commission President KIM Jong Un (since 17 December 2011)
    Head of Government:
    Supreme People's Assembly President CHOE Ryong Hae (since 11 April 2019)
    Judiciary:
    Supreme Court or Central Court (consists of one judge and 2 "People's Assessors" or, for some cases, 3 judges)
    Administrative Divisions:
    9 provinces (do, singular and plural) and 4 special administration cities (si, singular and plural)

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    No
    Diplomatic Presence:
    none

    Major Alliances and Organizations

    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    22.5% (2017 est.)
    Industry
    47.6% (2017 est.)
    Services
    29.9% (2017 est.)

    Trade Volume

    Exports:
    $222 million
    Imports:
    $2.32 billion

    Major Trading Partners

    China 74
    Poland 3
    Senegal 3
    Angola 3
    Austria 3

    Economic Outlook

    Korea, North has a -1.1% GDP growth rate. The economy is characterized by a strong agriculture sector.