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North Korea's Economy Is Growing at Its Fastest Pace Since 1999

  • Expansion was fastest since 1999, and better than the South’s
  • Per capita income still only 4.5% of that in South Korea
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BOK Reports North Korea 2016 GDP Growth of 3.9%

Updated on

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North Korea’s economy grew in 2016 at the fastest pace since 1999, helped by a recovery from a drought in 2015. Military spending, including on testing nuclear weapons and missiles, also boosted growth, and raised tensions in the region.