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North Korea's Economic and Military Landscape
WEB GDP and GDP per Capita
From 1970 to 2019, North Korea's web GDP averaged 1,179 USD billion, peaking at 1,800 USD billion in 2019 and hitting a low of 485 USD billion in an unspecified year. During the aftermath of the Korean War and until the mid-1970s, North Korea's GDP per capita was comparable to that of South Korea. However, later on, North Korea's GDP per capita declined.
Recent GDP Situation
North Korea's web GDP for 2022 was 0.00B, representing a decline from 2021. The 2021 web GDP was also 0.00B, indicating a decline from 2020.
Military Expenditures
Defense spending is a high priority for the North Korean regime. Between 2010 and 2020, military expenditures are estimated to have accounted for 20-30% of North Korea's budget. The country has been expected to avoid nuclear weapons testing in 2023-24 due to domestic factors.
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