N. Korea’s economy 53 times smaller than S. Korea’s

N. Korea’s economy 53 times smaller than S. Korea’s


the North Korean economy was 53 times
smaller than South Korea’s in 2018 statistics Korea said today that the
North’s GDP amounted to 30 point 4 billion u.s. dollars last year which
makes the economic gap between the two Koreas greater than in the previous year
when the north economy was 43 times smaller than the south the North’s GDP
per capita last year was about $1,200 less than four percent of that of South
Korea’s the growing gap is largely attributed to international sanctions
that cut the trade volume in half in 2018 to 2.8 billion dollars the lowest
volume since 2003 the Bank of Korea had previously said the North’s economy is
shrinking at the fastest pace since the peak of the so-called Great Famine in
1997

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