n korean incomes improving but far below south
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

N. Korean incomes improving but far below South

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleN. Korean incomes improving but far below South

Kim Jong-Un
SEOUL - Muslimchronicle

 

North Koreans enjoyed the fastest improvement in their incomes for five years in 2016, Seoul's statistics agency has said - but Southerners are still more than 20 times better off.

Per capita incomes averaged 1.46 million won (US$1,340) in the North last year, Statistics Korea said in statement, up 5 per cent.

It was the fastest expansion since 2011, when incomes rose by more than 7 per cent, a graph issued by Statistics Korea on Friday (Dec 15) showed, and came despite the imposition of multiple sets of international sanctions over Pyongyang's nuclear weapons programme.

The isolated North is one of the world's most secretive countries and does not release official economic data, not even for GDP growth, leaving observers to compile estimates of their own.

In the capitalist, democratic South, the comparable per-capita income figure was 31.98 million won - nearly 22 times higher.

Other comparisons issued by Statistics Korea also put the South far ahead.

Advertisement
Its electricity production stood a 540.4 billion kilowatt hours in 2016, the agency said - almost 23 times the North's 23.9 billion kilowatt hours.

Mobile phone subscriptions were 14.26 per 100 people in the North, and 122.65 in the hyper-wired South - more than one per person.

South Korea's total trade volume was put at $902 billion, almost 140 times the North's $6.5 billion.

In July the South's central bank estimated the North's GDP to have grown 3.9 per cent last year - faster that the South's 2.8 per cent, albeit from a much lower base.

It was the North's fastest expansion for 17 years as Pyongyang quietly allows the market to play a greater role in its economy under Kim Jong-Un, even while denying it is carrying out reforms.

"Marketplaces are a key pillar for growth in the North Korea as many people are now relying on such markets for their incomes instead of the country's dysfunctional rationing system," said Hong Min, a senior researcher with the state-run Korea Institute for National Unification.

Statistics Korea put the North's 2016 population at 24.9 million, compared with 51.3 million in the South.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

n korean incomes improving but far below south n korean incomes improving but far below south

 



Themuslimchronicle, themuslimchronicle

GMT 09:40 2011 Thursday ,01 September

Tasmanian tiger\'s jaws were too weak to kill sheep

GMT 10:49 2018 Saturday ,20 January

Confident Nadal demolishes Dzumhur

GMT 21:20 2017 Friday ,13 October

UK, Germany, France 'stand committed' to Iran deal

GMT 06:06 2013 Friday ,14 June

The Sudanese autumn

GMT 10:41 2017 Wednesday ,01 March

Wales star Halfpenny admits pivotal penalty mistake

GMT 01:40 2011 Tuesday ,06 December

Shalimar Perfume Initial

GMT 14:14 2016 Friday ,09 September

Marwan Al Sarkal named Middle East’s Best CEO

GMT 12:38 2017 Thursday ,13 July

Football: Messi vows to do 'best'

GMT 05:05 2017 Wednesday ,22 February

Government excellence imperative for quality services

GMT 14:27 2011 Thursday ,04 August

Kingdom Tower cheaper to build than Burj Khalifa

GMT 12:55 2013 Monday ,14 October

Globetrotting Yau retains Panama dream

GMT 13:16 2017 Sunday ,03 September

Haitham Zaki confident of “The Treasure” success

GMT 12:37 2017 Wednesday ,15 March

Antarctic penguin numbers double previous estimates

GMT 06:13 2017 Thursday ,31 August

UNWTO launches ‘Travel.Enjoy.Respect’ campaign

GMT 10:18 2016 Wednesday ,23 March

cartoon eight
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle