The country’s GDP per capita for 2015 is now estimated to be $1,013, according to the Hyundai Research Institute on Thursday.I'm sure they'll thank Dear Leader for his table scraps...
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.
Thursday, September 29, 2016
Red Payment Plan
Communists are finally making money, sort of:
There's gold in them stars: The colliding stars spewed bright blue, super-hot debris that was dense and unstable. Some of it coalesced i...
The regulators are still at it: Using the "altFEC" twitter account, one of several "alt" sites set up by government work...
Were they the ancestors of piano players? The brain circuits that led to two-sided tools and weapons such as hand-axes and cleavers are the ...
They really are after everyone's job: The study found that 42 percent of UK consumers believe their job is likely to be replaced by a ro...