North Korea’s GDP rose 3.1% from last year, ending three years of recession.
The DPRK’s economy has revived amid the arms trade with Russia and thereby providing support for the Kim Jong-un regime. This was reported by the Bloomberg news agency in connection with data from the Central Bank of South Korea.
North Korea’s gross domestic product grew by 3.1% in 2023 from the previous year, ending three years of contraction. This is the biggest increase since 2016, according to South Korea’s central bank.
Heavy and chemical industries led economic growth – 8.1% compared to last year.
The report does not address whether these industries produce weapons, but notes an increase in the production of basic metals: iron, steel, copper, nickel and aluminum.
The Bank of Korea reports annually on North Korea’s economy based on data it collects from various institutions, and the numbers it provides are considered one of the best statistics when evaluating the performance of its neighboring country, the media added.
Let’s recall that on June 19, the leaders of Russia and the DPRK, Vladimir Putin and Kim Jong-un, signed an agreement on a comprehensive strategic partnership between the two countries.
Source: korrespondent
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