The Bank of Korea (BOK) released an estimate report on July 25, stating that North Korea's economy is projected to grow by 3.5% in 2025 compared to 2024. This marks the third consecutive year of positive growth for the country's economy.
According to analysts, this growth reflects a gradual recovery in North Korea's economic activity after years of impact from COVID-19 lockdowns and international sanctions. However, specific details regarding the growth structure, key sectors, or trade have not been disclosed in the initial announcement.
Experts also noted that North Korea's economic data is typically based on indirect estimates and trade data with major partners, as the country does not publish official statistics. The consecutive growth over three years indicates that North Korea's economy has at least emerged from a severe downturn, although the scale of growth remains modest compared to pre-pandemic levels.
