O, IMO, IPU, ITU, NAM,
UNCTAD, UNESCO, UPU, WFTU, WHO, WIPO, WTO, UNIDO, WMO; official
observer status at UN
Diplomatic representation: none
Flag: three horizontal bands of blue (top), red (triple width), and blue;
the red band is edged in white; on the hoist side of the red band is a white
disk with a red five-pointed star
- Economy
Overview: More than 90% of this command economy is socialized;
agricultural land is collectivized; and state-owned industry produces 95% of
manufactured goods. State control of economic affairs is unusually tight
even for a Communist country because of the small size and homogeneity of
the society and the strict one-man rule of Kim. Economic growth during
the period 1984-89 has averaged approximately 3%. Abundant natural resources
and hydropower form the basis of industrial development. Output of the
extractive industries includes coal, iron ore, magnesite, graphite, copper,
zinc, lead, and precious metals. Manufacturing emphasis is centered on heavy
industry, with light industry lagging far behind. The use of high-yielding
seed varieties, expansion of irrigation, and the heavy use of fertilizers
have enabled North Korea to become largely self-sufficient in food production.
North Korea, however, is far behind South Korea in economic development and
living standards.
GNP: $28 billion, per capita $1,240; real growth rate 3% (1989)
Inflation rate (consumer prices): NA%
Unemployment rate: officially none
Budget: revenues $15.6 billion; expenditures $15.6 billion, including
capital expenditures of $NA (1989)
Exports: $2.4 billion (f.o.b., 1988); commodities--minerals,
metallurgical products, agricultural products, manufactures;
partners--USSR, China, Japan, FRG, Hong Kong, Singapore
Imports: $3.1 billion (f.o.b., 1988); commodities--petroleum,
machinery and equipment, coking coal, grain;
partners--USSR, Japan, China, FRG, Hong Kong, Singapore
External debt: $2.5 billion hard currency (1989)
Industrial production: growth rate NA%
Electricity: 6,440,000 kW capacity; 40,250 million kWh produced,
1,740 kWh per capita (1989)
Industries: machine building, military products, electric power,
chemicals, mining, metallurgy, textiles, food processing
Agriculture: accounts for about 25% of GNP and 36% of work force;
principal crops--rice, corn, potatoes, soybeans, pulses; livestock and livestock
products--cattle, hogs, pork, eggs; not self-sufficient in grain; fish catch
est
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