Gross Domestic Product — Value US$, 2015 prices in Democratic People's Republic of Korea
Democratic People's Republic of Korea: Gross Domestic Product — Value US$, 2015 prices was 15,550 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Democratic People's Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Democratic People's Republic of Korea is 15,550 million USD, measured in 2024.
The figure is up 0.9% on the previous year and down 5.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Democratic People's Republic of Korea peaked at 19,346 million USD in 1989 and was at its lowest, 7,611 million USD, in 1970.
That places Democratic People's Republic of Korea 15th out of 20 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Democratic People's Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 7,611 million USD | — |
| 1971 | 8,403 million USD | +10.4% |
| 1972 | 9,277 million USD | +10.4% |
| 1973 | 10,241 million USD | +10.4% |
| 1974 | 11,306 million USD | +10.4% |
| 1975 | 12,482 million USD | +10.4% |
| 1976 | 12,994 million USD | +4.1% |
| 1977 | 13,527 million USD | +4.1% |
| 1978 | 14,081 million USD | +4.1% |
| 1979 | 14,659 million USD | +4.1% |
| 1980 | 15,260 million USD | +4.1% |
| 1981 | 15,824 million USD | +3.7% |
| 1982 | 16,410 million USD | +3.7% |
| 1983 | 17,017 million USD | +3.7% |
| 1984 | 17,647 million USD | +3.7% |
| 1985 | 18,300 million USD | +3.7% |
| 1986 | 18,556 million USD | +1.4% |
| 1987 | 18,816 million USD | +1.4% |
| 1988 | 19,079 million USD | +1.4% |
| 1989 | 19,346 million USD | +1.4% |
| 1990 | 18,514 million USD | -4.3% |
| 1991 | 17,696 million USD | -4.4% |
| 1992 | 16,443 million USD | -7.1% |
| 1993 | 15,706 million USD | -4.5% |
| 1994 | 15,375 million USD | -2.1% |
| 1995 | 14,702 million USD | -4.4% |
| 1996 | 14,209 million USD | -3.4% |
| 1997 | 13,288 million USD | -6.5% |
| 1998 | 13,168 million USD | -0.9% |
| 1999 | 13,968 million USD | +6.1% |
| 2000 | 14,026 million USD | +0.4% |
| 2001 | 14,553 million USD | +3.8% |
| 2002 | 14,728 million USD | +1.2% |
| 2003 | 14,995 million USD | +1.8% |
| 2004 | 15,307 million USD | +2.1% |
| 2005 | 15,882 million USD | +3.8% |
| 2006 | 15,719 million USD | -1.0% |
| 2007 | 15,533 million USD | -1.2% |
| 2008 | 16,014 million USD | +3.1% |
| 2009 | 15,869 million USD | -0.9% |
| 2010 | 15,794 million USD | -0.5% |
| 2011 | 15,920 million USD | +0.8% |
| 2012 | 16,128 million USD | +1.3% |
| 2013 | 16,301 million USD | +1.1% |
| 2014 | 16,471 million USD | +1.0% |
| 2015 | 16,283 million USD | -1.1% |
| 2016 | 16,912 million USD | +3.9% |
| 2017 | 16,324 million USD | -3.5% |
| 2018 | 15,646 million USD | -4.1% |
| 2019 | 15,702 million USD | +0.4% |
| 2020 | 14,990 million USD | -4.5% |
| 2021 | 14,982 million USD | -0.1% |
| 2022 | 14,959 million USD | -0.2% |
| 2023 | 15,416 million USD | +3.1% |
| 2024 | 15,550 million USD | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11,458 million USD | 7,611 million USD | 14,659 million USD | 10 |
| 1980s | 17,625 million USD | 15,260 million USD | 19,346 million USD | 10 |
| 1990s | 15,307 million USD | 13,168 million USD | 18,514 million USD | 10 |
| 2000s | 15,263 million USD | 14,026 million USD | 16,014 million USD | 10 |
| 2010s | 16,148 million USD | 15,646 million USD | 16,912 million USD | 10 |
| 2020s | 15,179 million USD | 14,959 million USD | 15,550 million USD | 5 |
Countries ranked near Democratic People's Republic of Korea
- 12 Bolivia (Plurinational State of) 40,048 million USD compare
- 12 USSR 1.63 million million USD compare
- 13 Lao People's Democratic Republic 22,420 million USD compare
- 13 Russian Federation 1.61 million million USD compare
- 14 Australia 1.52 million million USD compare
- 14 Syrian Arab Republic 20,891 million USD compare
- 15 Spain 1.42 million million USD compare
- 16 Mexico 1.35 million million USD compare
- 16 Republic of Moldova 9,233 million USD compare
- 17 Indonesia 1.24 million million USD compare
- 17 Polynesia 7,934 million USD compare
- 18 Netherlands (Kingdom of the) 926,182 million USD compare
- 18 Timor-Leste 1,731 million USD compare
More economy & growth data for Democratic People's Republic of Korea
- Gross Domestic Product — Annual growth US$ per capita 1.69 % (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 — 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$ 2 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.8713 % (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices 110.33 SLC (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Democratic People's Republic of Korea?
- Gross domestic product — value us$, 2015 prices in Democratic People's Republic of Korea was 15,550 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Democratic People's Republic of Korea?
- The highest recorded value was 19,346 million USD in 1989.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Democratic People's Republic of Korea?
- The lowest recorded value was 7,611 million USD in 1970.
- How does Democratic People's Republic of Korea rank for gross domestic product — value us$, 2015 prices?
- Democratic People's Republic of Korea ranks 15th out of 20 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Democratic People's Republic of Korea?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is rising.
- Where does this Democratic People's Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. 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).