c-nk-AP_17197406080921-Wong Maye-E

North Korea’s economy is growing at record levels

3.9%

North Korea’s economy grew 3.9% in 2016 over the year before, the best growth rate in almost two decades, and trade increased 4.6%.

Published   |  Photo by AP/Wong Maye-E
c-nk-AP_17197406080921-Wong Maye-E
3.9%

Construction is booming in the capital: Buildings are going up so fast that analysts are questioning how safe they are.

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AP/Wong Maye-E

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3.9%

And the government is allowing private enterprise to expand. The number of official markets in the country has doubled to 440 since 2010.

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3.9%

China is North Korea’s main trading partner and has helped the country achieve much of that growth.

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AP/Wong Maye-E

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3.9%

China is already under pressure to squeeze the North Korean economy. Though China stopped coal imports, trade between the two countries is growing.

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AP/Wong Maye-E

Published

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