North Korean economy shrinks for 2nd year in 2021 on sanctions, pandemic: BOK
A sign is seen on a street closed to traffic, amid growing fears over the spread of the coronavirus disease (COVID-19), in Pyongyang, May 18. Reuters-Yonhap
North Korea's economy is estimated to have contracted for the second straight year in 2021 on global sanctions and the coronavirus pandemic, South Korea's central bank said Wednesday.
The North's economy, which has been hit by tightened U.N. sanctions over its nuclear and missile programs, shrank 0.1 percent last year from the prior year, the Bank of Korea (BOK) said in a report.
Still, last year's contraction slowed from a negative growth rate of 4.5 percent recorded a year earlier.
On top of the U.N. sanctions, the reclusive country also took a hit from the closure of its border with China, Pyongyang's biggest economic ally, according to the central bank.
The BOK's annual report is based on data from South Korean institutions specializing in North Korea, which does not publish official economic data.
North Korea's foreign trade sank 17.3 percent on-year to $710 million in 2021 as shipments to and from China, the North's biggest trading partner, were hit hard by the pandemic.
The North's exports totaled $80 million in 2021, down 8.2 percent from a year ago, and imports plunged 18.4 percent to $630 million.
Trade between South and North Korea amounted to a mere $11 million last year due to the fallout from the closure of the inter-Korean industrial park in the North Korean border town of Kaesong in 2016.
North Korea's nominal gross national income (GNI) came to 36.3 trillion won ($327.7 billion) in 2021, which was equivalent to just 1.7 percent of South Korea's GNI.
The North's GNI per capita in 2021 stood at 1.42 million won, equivalent to 3.5 percent of that for South Korea. (Yonhap)
相关推荐
-
The Future of Tech: The Desktop PC
-
The best Mother's Day GIFs
-
PyeongChang 'ready to welcome the world' at next Winter Olympics: IOC
-
PyeongChang 'ready to welcome the world' at next Winter Olympics: IOC
-
DOJ accuses TikTok of collecting and sharing users' personal views, as the app fights a ban
-
Haaland, De Bruyne returns prime Man City to conquer Europe again
- 最近发表
-
- DNC 2024 speech: Barack Obama and Michelle Obama have a superpower no other Democrat has.
- Twitters adds exclamation point to its 'what's happening' prompt
- Ankle injury forces Alcaraz out in first round of ATP Rio Open
- The most badass Latin phrases
- Tesla reveals Cybertruck has sold more than DeLorean
- 广东援疆医生送诊下乡,一天惠及千名群众
- Moon urges efforts to root out corruption in both public, private sectors
- Instagram Stories' new font looks an awful lot like Comic Sans
- 13 Astronomical Clocks Connecting Time And Space
- This distinguished little gentleman just won the 2023 Westminster Dog Show
- 随机阅读
-
- 应对高温 户外驿站送清凉
- The Vatican was reportedly hacked by China
- Chelsea late show deepens Crystal Palace crisis
- This distinguished little gentleman just won the 2023 Westminster Dog Show
- Which iPad Model Is Right for You?
- A disgusted mom posted a very creepy baby onesie and the internet is not into it
- Fears mount over 'toxic' sanitary pads
- 科学家教进万家活动启动 50余场公益讲座送家长
- 17 Spectacular Outdoor Staircases
- Twitter finally bans white supremacist David Duke
- The most badass Latin phrases
- The best movies of 2017 (so far)
- Tesla's big software update includes something called 'Night Curfew'
- Navone downs champion Norrie to reach ATP Rio final
- Tucker Carlson is reviving his show on Twitter
- Moon urges efforts to root out corruption in both public, private sectors
- 雨城区疾控中心提示:科学补碘 防治碘缺乏病
- Vietnam's top diplomat to visit North Korea ahead of Trump
- China's Pan eyes Olympics after world freestyle triumph
- Bayern turn focus to Lazio after Leverkusen humbling
- 搜索
-
- 友情链接
-