The Central Bank of South Korea's Economic Statistics Department released this report on North Korea's GDP on June 18, 2008. The report states,
"North Korea's real annual GDP decreased 2.3% in 2007, a larger scale decline than in the previous year. This was mainly attributable to decreased agricultural production due to bad weather conditions.
It was assumed that the North Korean economy as a whole have faced persistently difficult circumstances in 2007 due to its lack of food resources brought about by a rapid decrease in agricultural production."