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North Korea's Economy Shrinks Most Since Kim Jong Un Took Power
Posted
July 30, 2021
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4,101
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July 30, 2021
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1:21Now PlayingNorth Korea’s economy in 2020 posted its sharpest drop since a deadly famine in the 1990s due to the coronavirus, natural disasters and international sanctions that have walloped Kim Jong Un’s already struggling state.
Gross domestic product contracted 4.5% in 2020 in the sharpest fall since 1997, according to estimates from South Korea’s central bank, which for years has provided the best available accounting of the economic activity of the secretive state.
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