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The North Korean economy shrank by 0.1% in 2021, according to the agency. Statistical Office of South Koreawho links this evolution to the sanctions against Pyongyang and the impact of the pandemic.
Thus, the calculation published today points to the second consecutive decline in the economy of the neighboring country, although much smaller than the 4.5% contraction calculated for 2020.
The impoverished Asian country is under United Nations sanctions for its nuclear and long-range ballistic missile programs, added to the regime’s all-out armoring of its borders since the start of the global health crisis caused by the novel coronavirus. .
This prevented not only the entry and exit of goods from the country, but also the flow of vital income, such as income from tourism or foreign investment, coming mainly from China, the main supporter of the regime. Kim Chen In.
International trade North Korea it fell 17.3% in 2021 to $710 million, largely because its exchanges with Beijing were slowed down by the aforementioned restrictions.
(As reported by EFE)
Source: RPP
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