Gross Domestic Product — Value Standard Local Currency, annual growth in Democratic People's Republic of Korea
Democratic People's Republic of Korea: Gross Domestic Product — Value Standard Local Currency, annual growth was 2 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Democratic People's Republic of Korea, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Democratic People's Republic of Korea is 2 % change on previous year, measured in 2024.
Compared with earlier readings it is down 79.7% on the previous year and down 58.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Democratic People's Republic of Korea peaked at 120.39 % change on previous year in 1996 and was at its lowest, -41.35 % change on previous year, in 1995.
Democratic People's Republic of Korea ranks 206th of 218 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Democratic People's Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.4 % change on previous year | — |
| 1972 | 10.4 % change on previous year | +0.0% |
| 1973 | 10.4 % change on previous year | -0.0% |
| 1974 | 10.4 % change on previous year | +0.0% |
| 1975 | 10.4 % change on previous year | +0.0% |
| 1976 | 4.1 % change on previous year | -60.6% |
| 1977 | 4.1 % change on previous year | -0.0% |
| 1978 | 4.1 % change on previous year | -0.0% |
| 1979 | 4.1 % change on previous year | +0.0% |
| 1980 | 4.1 % change on previous year | -0.0% |
| 1981 | 3.7 % change on previous year | -9.8% |
| 1982 | 3.7 % change on previous year | -0.0% |
| 1983 | 3.7 % change on previous year | +0.0% |
| 1984 | 3.7 % change on previous year | +0.0% |
| 1985 | 3.7 % change on previous year | -0.0% |
| 1986 | 1.4 % change on previous year | -62.2% |
| 1987 | 1.4 % change on previous year | -0.0% |
| 1988 | -0.2587 % change on previous year | -118.5% |
| 1989 | 11.12 % change on previous year | -4398.8% |
| 1990 | -8.05 % change on previous year | -172.4% |
| 1991 | -7.76 % change on previous year | -3.6% |
| 1992 | -11.1 % change on previous year | +43.0% |
| 1993 | -13.34 % change on previous year | +20.2% |
| 1994 | -22.32 % change on previous year | +67.2% |
| 1995 | -41.35 % change on previous year | +85.3% |
| 1996 | 120.39 % change on previous year | -391.2% |
| 1997 | -2.5 % change on previous year | -102.1% |
| 1998 | -0.4776 % change on previous year | -80.9% |
| 1999 | 0.0634 % change on previous year | -113.3% |
| 2000 | 3.19 % change on previous year | +4932.5% |
| 2001 | 3.9 % change on previous year | +22.3% |
| 2003 | 1.29 % change on previous year | -66.9% |
| 2004 | 1.06 % change on previous year | -18.1% |
| 2005 | 7.54 % change on previous year | +612.2% |
| 2006 | 7.98 % change on previous year | +5.8% |
| 2007 | 2.77 % change on previous year | -65.2% |
| 2008 | -7.27 % change on previous year | -362.1% |
| 2009 | -9.76 % change on previous year | +34.2% |
| 2010 | -15.98 % change on previous year | +63.7% |
| 2011 | 7.65 % change on previous year | -147.9% |
| 2012 | 5.4 % change on previous year | -29.5% |
| 2013 | 2.74 % change on previous year | -49.3% |
| 2014 | 4.83 % change on previous year | +76.4% |
| 2015 | 1.95 % change on previous year | -59.5% |
| 2016 | 3.28 % change on previous year | +68.0% |
| 2017 | 3.43 % change on previous year | +4.6% |
| 2018 | -1.93 % change on previous year | -156.2% |
| 2019 | -4.29 % change on previous year | +122.1% |
| 2020 | -3.44 % change on previous year | -19.8% |
| 2021 | 5.67 % change on previous year | -265.0% |
| 2022 | -8.09 % change on previous year | -242.6% |
| 2023 | 9.85 % change on previous year | -221.7% |
| 2024 | 2 % change on previous year | -79.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth in Democratic People's Republic of Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +4932.5% | 0.0634 % change on previous year | 3.19 % change on previous year |
| 1989 | +4398.8% | -0.2587 % change on previous year | 11.12 % change on previous year |
| 2005 | +612.2% | 1.06 % change on previous year | 7.54 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6 % change on previous year | 4.1 % change on previous year | 10.4 % change on previous year | 9 |
| 1980s | 3.63 % change on previous year | -0.2587 % change on previous year | 11.12 % change on previous year | 10 |
| 1990s | 1.35 % change on previous year | -41.35 % change on previous year | 120.39 % change on previous year | 10 |
| 2000s | 1.19 % change on previous year | -9.76 % change on previous year | 7.98 % change on previous year | 9 |
| 2010s | 0.7098 % change on previous year | -15.98 % change on previous year | 7.65 % change on previous year | 10 |
| 2020s | 1.2 % change on previous year | -8.09 % change on previous year | 9.85 % change on previous year | 5 |
Countries ranked near Democratic People's Republic of Korea
- 203 Congo 2.57 % change on previous year compare
- 204 Qatar 2.34 % change on previous year compare
- 205 Latvia 2.12 % change on previous year compare
- 207 Guinea-Bissau 1.99 % change on previous year compare
- 208 Brunei 1.9 % change on previous year compare
- 209 Norway 1.89 % change on previous year compare
More economy & growth data for Democratic People's Republic of Korea
- Gross Domestic Product — Annual growth US$ 2 % (2024)
- Gross Domestic Product — Value US$ 16,776 million USD (2024)
- Gross Domestic Product — Value US$ per capita 633.08 USD (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 1.67 million million SLC (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 586.84 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 15,550 million USD (2024)
- Gross Domestic Product — Annual growth Standard Local Currency 2 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 0.8713 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 0.8709 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 0.8712 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Democratic People's Republic of Korea?
- Gross domestic product — value standard local currency, annual growth in Democratic People's Republic of Korea was 2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Democratic People's Republic of Korea?
- The highest recorded value was 120.39 % change on previous year in 1996.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Democratic People's Republic of Korea?
- The lowest recorded value was -41.35 % change on previous year in 1995.
- How does Democratic People's Republic of Korea rank for gross domestic product — value standard local currency, annual growth?
- Democratic People's Republic of Korea ranks 206th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Democratic People's Republic of Korea?
- Over the last ten years it is down 58.5%. The long-run trend across the full record is volatile.
- Where does this Democratic People's Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.