GDP (purchasing power parity): $40 billion (2015 est.)
$40 billion (2014 est.)
$40 billion (2013 est.)
note: data are in 2015 US dollars
North Korea does not publish reliable National Income Accounts data; the data shown are derived from purchasing power parity (PPP) GDP estimates that were made by Angus MADDISON in a study conducted for the OECD; his figure for 1999 was extrapolated to 2015 using estimated real growth rates for North Korea's GDP and an inflation factor based on the US GDP deflator; the results were rounded to the nearest $10 billion.
Definition: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States in the year noted. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller.
Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021See Also
- GDP (purchasing power parity) by year chart
- GDP (purchasing power parity) rank chart
- GDP (purchasing power parity) - comparative map
- GDP, PPP (current international $) - thematic map - World Bank indicator
- GDP, PPP (current international $) - country comparison - World Bank indicator
- GDP - real growth rate
- GDP - per capita (PPP)
- GDP - composition by sector
- GDP (official exchange rate)