News Videos
International Edition


July 28, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

N. Korea economy grows 1.1% in 2013: BOK

SEOUL -- North Korea's economy expanded an estimated 1.1 percent in 2013, marking the third consecutive year of positive growth, South Korea's central bank said Friday.

The Bank of Korea put the North's nominal gross national income (GNI) at 33.8 trillion won (US$33.3 billion), or roughly 2.3 percent of the South's GNI of 1.44 quadrillion won.

The bank said last year's expansion reflected gains in agriculture and mining, but a contraction in the construction sector meant the growth rate was slower than the 1.3 percent estimate for 2012.

The annual BOK report is based on data collected from the National Intelligence Service and other South Korean institutions specialising in the North.

The North's economy has been beset by shortages of electricity and raw materials, with sanctions imposed over its missile and nuclear weapons programs restricting access to international credit.

The agricultural and fishery industry grew 1.9 percent year-on-year in 2013, helped by favorable weather conditions, the bank said.

The mining sector expanded 2.1 percent while manufacturing and service industries grew 1.1 percent and 0.3 percent respectively, it said.

The North's foreign trade stood at US$7.34 billion, up 7.8 percent from a year ago. Exports rose 11.7 percent year-on-year to US$3.22 billion, and imports increased 5 percent to US$4.13 billion.

Taiwanese arrive in Cambodia to urge that fraud suspects be sent home — not to China
Jack Ma talks about retirement, anti-globalization, AI and China
A journalist with close ties to the Japanese PM is being accused of rape
A woman died from poisoned coffee and now the cafe's business is booming
Taiwanese who allegedly impersonated police in Singapore get taken to the scene of the crime
The American cop who shot dead an Australian woman 'is refusing talk'
South Korea's president told Obama that the North has 'last chance' for dialogue
LATEST: Kim promises more missile test 'gift packages'
UPDATE: Death toll rises to 7 in southwestern Japan floods; princess delays engagement announcement
Some tourist visa holders being asked to show 20,000 baht in cash when entering Thailand
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search