North Korea's Economy Rebounds After 3-Year Decline
South Korea’s central bank estimates North Korea’s GDP grew 3.1% in 2023 as trade with China and Russia improved.
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00:00Three years of economic decline in North Korea may be over.
00:04Estimates from South Korea's central bank say North Korea's GDP likely grew by 3.1 percent in 2023.
00:11China accounted for over 98 percent of the North's total trade volume,
00:16helped by an easing of COVID-19 restrictions.
00:19In addition, Pyongyang's improved relations and arms trade with Moscow
00:23made a significant contribution to the recovery.