North Korea’s economy surged in 2023 after years of contraction, South estimates

North Korea’s economy surged in 2023 after years of contraction, South estimates | Honolulu Star-Advertiser

SEOUL >> 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 South Korea’s central bank.

North Korea's economy surged in 2023 after years of contraction, South estimates

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 South Korea's central bank.

N. Korea's economy expands 3.1% in 2023, snapping 3 year contraction: BOK report

North Korea's economy grew by more than 3 percent last year, rebounding from a contraction for a third consecutive year on the back of steady improvement of the manufacturing sector and trade with its allies Russia and China, a central bank report showed Friday.

North Korea’s economy rebounds as Russia ties fuel arms trade

North Korea’s gross domestic product expanded 3.1 per cent in 2023 from a year earlier, ending a three-year streak of contractions, according to South estimates.

North Korea’s economy surged in 2023 after years of contraction, South estimates

By Jihoon Lee SEOUL (Reuters) – 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 South Korea’s central bank. Gross domestic product (GDP) in 2023 likely expanded 3.1% in real terms, the biggest percentage growth since 2016, the Bank of Korea (BOK) said on Friday. The BOK’s estimates are considered amo…

North Korea's economy surged in 2023 after years of contraction, South estimates

SEOUL - 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 South Korea's central bank. Read more at straitstimes.com.