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GDP of North Korea in 2007

Published June 18, 2008



GDP of North Korea in 2007

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."


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