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 15:49 2017 Tuesday ,04 April

Europol, Georgia sign pact to combat terrorism

GMT 17:34 2017 Saturday ,19 August

India rail accident kills 10

GMT 07:44 2017 Saturday ,19 August

Firms flock to Syria fair with eye on reconstruction

GMT 18:11 2016 Saturday ,03 December

Congress and Trump agree to turn the heat up on Iran

GMT 13:12 2017 Tuesday ,05 December

Lebanon's PM Hariri withdraws his resignation

GMT 08:39 2017 Friday ,17 November

Baidu speeds up AI progress

GMT 03:33 2017 Tuesday ,21 February

Deadly blast strikes demonstration in Kabul

GMT 10:04 2011 Sunday ,11 September

Vauxhall/Opel to unveil 2-seat electric car at IAA

GMT 05:16 2016 Tuesday ,30 August

Fukushima Nuclear Plant Prepares for Typhoon

GMT 20:05 2011 Saturday ,27 August

Egyptair resumes Baghdad flights after 21 years

GMT 19:35 2011 Tuesday ,26 July

Ozil : Real \'more mature\' this season

GMT 05:41 2017 Thursday ,09 March

El Jaish Win Qatar Men's Basketball League

GMT 22:04 2011 Thursday ,08 September

Museum of the great syrian revolution monument

GMT 11:15 2015 Thursday ,01 October

Thuraya's CEO named Satellite Executive Of 2015

GMT 14:08 2016 Wednesday ,16 November

Scientists fear the worst under a Donald Trump presidency

GMT 10:28 2017 Wednesday ,12 April

New York $40mn attraction puts world in miniature

GMT 23:41 2017 Wednesday ,12 April

Easier visa regime to boost Oman tourism

GMT 17:48 2012 Monday ,09 January

Business trip: Dubai

GMT 01:34 2017 Tuesday ,11 April

Oman takes part in Arab Labour Conference in Egypt

GMT 15:20 2017 Monday ,05 June

Libya cuts all diplomatic ties with Qatar
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 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

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