The North Korean economy is facing a minus growth rate for two years straight as a result of worsening climate conditions and a slumping manufacturing industry.

The Bank of Korea (BOK) announced that North Korea’s real GDP last year decreased 0.5 percent against the previous year. According to the bank’s estimation， North Korea’s GDP recorded a 3.1 percent increase in 2008， a plus growth since the financial crisis. However， it fell into the minus growth range for two consecutive years from 2009.

South Korea’s economic growth， on the other hand， recorded an increase of 0.3 percent in 2009 and 6.2 percent in 2010， and the difference in growth between North and South Korea went from 1.2 percentage points to 6.7 percentage points， demonstrating about 5.6 times disparity between the two states.

자세한 내용은 <본