2024-2025: It's difficult to find exact forecasts, but one source suggests a 2025 nominal GDP of $18.45 billion USD, with a long-term projection of around $19 billion by 2026, per Trading Economics global macro models and analyst expectations.
North Korea's population is estimated to have grown from approximately 26.1 million in 2020 to 26.57 million in 2025.
In 2023, North Korea's nominal per capita GDP was estimated to be $1,217. Data for the years 2020-2022 indicate a range of values between $590 and $654 per capita. UN data.
North Korea's trade balance
has historically been negative, meaning imports exceed exports. In 2023,
North Korea's exports totaled $379.87 million, while imports reached $2.08364
billion, resulting in a trade deficit of $1.70377 billion. This trend has
continued since 2020, with both exports and imports declining due to factors
like international sanctions and COVID-19 related border closures.
https://www.google.com/search?q=n+korea+imports+exports+trade+balance+2020+to+present
North Korea continues to
export coal despite UN sanctions, mainly to China, utilizing ship-to-ship
transfers. While the UN has banned North Korean coal exports, they have
been found to continue, sometimes through illegal means like using barges or ship-to-ship
transfers. In 2020, North Korea was estimated to have earned between
$330 million and $410 million in coal exports, despite the
sanctions. Recent reports indicate that coal prices in North Korea have
risen, mirroring international energy price spikes.
https://www.google.com/search?q=n+korea+coal+exports+2020+to+present
South Korea Government debt
accounted for 45.7 % of the country's Nominal GDP in Sep 2024, compared with
the ratio of 46.1 % in the previous quarter.
South Korea government debt to
GDP ratio data is updated quarterly, available from Sep 2002 to Sep 2024.
The data reached an all-time
high of 46.4 % in Sep 2023 and a record low of 15.3 % in Mar 2003.
https://www.ceicdata.com/en/indicator/korea/government-debt--of-nominal-gdp
What are the US sanctions on
North Korea?
The
measures provided for by Security Council resolution 2321 introduce additional
bans on trade, economic, banking, financial, scientific and technical
cooperation with North Korea. In the trade and economic field, the purchase of
copper, nickel, silver and zinc from the North Korea is prohibited.
https://www.google.com/search?q=us++sanctions+on+n+korea++april+2025
Officially, North Korea is an
"independent socialist state" which holds democratic elections;
however, outside observers have described the elections as unfair,
uncompetitive, and pre-determined, in a manner similar to elections in the
Soviet Union. The Workers' Party of Korea is the ruling party of North Korea.
https://www.google.com/search?q=n+korea+current+political+situation
In 2025, North Korea faces
challenges related to its relationship with both Russia and the United States,
as well as ongoing human rights concerns and the increasing risk of military
escalation. Kim Jong-un's regime is seeking to strengthen its military
capabilities and has deepened its relationship with Russia, including providing
military assistance in the Ukraine war. Simultaneously, North Korea is
navigating the return of the Trump administration and the political instability
in South Korea. The ongoing human rights situation, including restrictions
on freedom of expression and access to information, remains a significant
concern.
https://www.google.com/search?q=n+korea+problems+2025
Norb Leahy, Dunwoody GA Tea Party Leader
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