Gross Domestic Product — Value Standard Local Currency in Democratic People's Republic of Korea
Democratic People's Republic of Korea: Gross Domestic Product — Value Standard Local Currency was 1.85 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Democratic People's Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Democratic People's Republic of Korea stood at 1.85 million million SLC.
That represents a change of up 2.0% on the previous year and up 7.4% over ten years.
Over the whole period, gross domestic product — value standard local currency in Democratic People's Republic of Korea peaked at 2.00 million million SLC in 2007 and was at its lowest, 10,329 million SLC, in 1995.
Democratic People's Republic of Korea ranks 92nd of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Democratic People's Republic of Korea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 12,663 million SLC | — |
| 1971 | 13,980 million SLC | +10.4% |
| 1972 | 15,434 million SLC | +10.4% |
| 1973 | 17,039 million SLC | +10.4% |
| 1974 | 18,811 million SLC | +10.4% |
| 1975 | 20,768 million SLC | +10.4% |
| 1976 | 21,619 million SLC | +4.1% |
| 1977 | 22,506 million SLC | +4.1% |
| 1978 | 23,428 million SLC | +4.1% |
| 1979 | 24,389 million SLC | +4.1% |
| 1980 | 25,389 million SLC | +4.1% |
| 1981 | 26,328 million SLC | +3.7% |
| 1982 | 27,302 million SLC | +3.7% |
| 1983 | 28,313 million SLC | +3.7% |
| 1984 | 29,360 million SLC | +3.7% |
| 1985 | 30,446 million SLC | +3.7% |
| 1986 | 30,873 million SLC | +1.4% |
| 1987 | 31,305 million SLC | +1.4% |
| 1988 | 31,224 million SLC | -0.3% |
| 1989 | 34,697 million SLC | +11.1% |
| 1990 | 31,904 million SLC | -8.0% |
| 1991 | 29,428 million SLC | -7.8% |
| 1992 | 26,161 million SLC | -11.1% |
| 1993 | 22,670 million SLC | -13.3% |
| 1994 | 17,611 million SLC | -22.3% |
| 1995 | 10,329 million SLC | -41.3% |
| 1996 | 22,764 million SLC | +120.4% |
| 1997 | 22,194 million SLC | -2.5% |
| 1998 | 22,088 million SLC | -0.5% |
| 1999 | 22,102 million SLC | +0.1% |
| 2000 | 22,807 million SLC | +3.2% |
| 2001 | 23,697 million SLC | +3.9% |
| 2002 | 1.64 million million SLC | +6805.9% |
| 2003 | 1.66 million million SLC | +1.3% |
| 2004 | 1.68 million million SLC | +1.1% |
| 2005 | 1.80 million million SLC | +7.5% |
| 2006 | 1.95 million million SLC | +8.0% |
| 2007 | 2.00 million million SLC | +2.8% |
| 2008 | 1.85 million million SLC | -7.3% |
| 2009 | 1.67 million million SLC | -9.8% |
| 2010 | 1.41 million million SLC | -16.0% |
| 2011 | 1.51 million million SLC | +7.7% |
| 2012 | 1.59 million million SLC | +5.4% |
| 2013 | 1.64 million million SLC | +2.7% |
| 2014 | 1.72 million million SLC | +4.8% |
| 2015 | 1.75 million million SLC | +2.0% |
| 2016 | 1.81 million million SLC | +3.3% |
| 2017 | 1.87 million million SLC | +3.4% |
| 2018 | 1.83 million million SLC | -1.9% |
| 2019 | 1.76 million million SLC | -4.3% |
| 2020 | 1.70 million million SLC | -3.4% |
| 2021 | 1.79 million million SLC | +5.7% |
| 2022 | 1.65 million million SLC | -8.1% |
| 2023 | 1.81 million million SLC | +9.8% |
| 2024 | 1.85 million million SLC | +2.0% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 2002 | +6805.9% | 23,697 million SLC | 1.64 million million SLC |
| 1996 | +120.4% | 10,329 million SLC | 22,764 million SLC |
| 1995 | -41.3% | 17,611 million SLC | 10,329 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19,064 million SLC | 12,663 million SLC | 24,389 million SLC | 10 |
| 1980s | 29,524 million SLC | 25,389 million SLC | 34,697 million SLC | 10 |
| 1990s | 22,725 million SLC | 10,329 million SLC | 31,904 million SLC | 10 |
| 2000s | 1.43 million million SLC | 22,807 million SLC | 2.00 million million SLC | 10 |
| 2010s | 1.69 million million SLC | 1.41 million million SLC | 1.87 million million SLC | 10 |
| 2020s | 1.76 million million SLC | 1.65 million million SLC | 1.85 million million SLC | 5 |
Countries ranked near Democratic People's Republic of Korea
- 89 United Arab Emirates 1.97 million million SLC compare
- 90 Venezuela (Bolivarian Republic of) 1.97 million million SLC compare
- 91 Malaysia 1.93 million million SLC compare
- 93 Romania 1.76 million million SLC compare
- 94 Central African Republic 1.67 million million SLC compare
- 95 Spain 1.59 million million SLC 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$, 2015 prices 15,550 million USD (2024)
- Gross Domestic Product — Annual growth Standard Local Currency 2 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 0.8713 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.5644 % (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices 110.33 SLC (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency in Democratic People's Republic of Korea?
- Gross domestic product — value standard local currency in Democratic People's Republic of Korea was 1.85 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Democratic People's Republic of Korea?
- The highest recorded value was 2.00 million million SLC in 2007.
- What is the lowest gross domestic product — value standard local currency recorded in Democratic People's Republic of Korea?
- The lowest recorded value was 10,329 million SLC in 1995.
- How does Democratic People's Republic of Korea rank for gross domestic product — value standard local currency?
- Democratic People's Republic of Korea ranks 92nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Democratic People's Republic of Korea?
- Over the last ten years it is up 7.4%. 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 Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).