Breaking News, World News and Taiwan News.
Sponsors
Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
WSJA

Seoul estimates widening economic gap with North Korea

SEOUL--South Korea's economy has widened its gap with North Korea, with gross national income (GNI) about 40 times bigger than its communist neighbor, official figures showed Tuesday.

The North's estimated GNI was US$26 billion for 2010 compared to US$1.1 trillion in the capitalist South, state agency Statistics Korea said.

Per capita gross national income in the North stood at US$1,074 for the same year, nearly one-20th of the South's US$20,759, it said in an annual report based on data from local and international agencies.

In 2009, average national income for each South Korean was about 18 times bigger than the North.

Gross national income measures a country's gross domestic product, together with income from or payments to other countries.

The South's economy, Asia's fourth largest, expanded 6.2 percent in 2010 when the North's economy shrank 0.5 percent, it said, adding that life expectancy in the impoverished North was also more than a decade shorter.

The mineral-rich North however outpaced the South in iron ore production by producing five million tons compared to about 510,000 tons in the South.

The North's state-directed economy has continued to tumble amid mismanagement, chronic shortages and international sanctions sparked by its nuclear weapons and missile programs.

U.N. agencies estimate six million North Koreans — a quarter of the population — need urgent aid in a nation where hundreds of thousands died in a famine in the 1990s.

Subscribe to The China Post and save 25%. Click here
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search