N Korea economy grows at fastest rate in 17 years


North Korea’s curtness accelerated at its fastest pace in 17 years, despite sanctions past its nuclear and missile programmes.

Gross domestic product grew by 3.9% in 2016 compared with the erstwhile year, according to the Bank of Korea.

The growth stemmed largely from mining and verve, as well as an increase in exports to China.

The US has been urging Beijing to cut transact with Pyongyang as tensions mount over Kim Jong-un’s nuclear enthusiasms.

China is North Korea’s only major ally, trading partaker and aid donor.

Last week China issued data suggesting traffic with North Korea was not as strong as implied by President Trump.

But while Beijing has interrupted coal imports from the North, it has continued to trade iron, iron ore and other commodities.


Although North Korea doesn’t make public economic data, South Korea’s central bank releases GDP tot ups every year, based on data from its Ministry of Unification and the Civil Intelligence Service.

The 2016 GDP data is the highest growth rate since the 6.1% recorded in 1999.

And endure year’s performance is a turnaround from 2015, when the North Korean conciseness contracted by 1.1% after a fall global commodity prices hit the value of its coal and iron ore exports.

North Korea’s child are among the world’s poorest with per capita gross national profits standing at 1.5 million won ($1136; £874) a year. South Korea’s fper capita receipts is more than twenty times that.

International tensions as surplus North Korea’s were ramped up further last week after the exam of a long-range missile, which it is believed was capable of reaching Alaska.

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