Thursday, September 29, 2016

Red Payment Plan

Communists are finally making money, sort of:
The country’s GDP per capita for 2015 is now estimated to be $1,013, according to the Hyundai Research Institute on Thursday.

That figure is roughly equivalent to the average South Korean income in the mid- to late 1970s.

In 2013, North Korea’s per capita GDP was $854, then rose to $930 in 2014.

North Korea’s economy has been improving incrementally since the 2000s, when former leader Kim Jong Il called for new reforms that would bring significant changes to the economy’s centralized planning system.

But the lack of substantial reform has also left North Korea’s economy stuck at underdeveloped levels, according to the report.

The data provides a remarkable contrast to the wealthier South, where GDP per capita for 2015 is estimated to be $27,195.

North Korea’s estimated per capita GDP for 2015 is less than 4 percent of the South’s, and is well below China at $7,990, Vietnam at $2,088, and Laos at $1,779, according to the analysis.
I'm sure they'll thank Dear Leader for his table scraps...

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