North Korea's Economy Grows 3.1% in 2023, Driven by Arms Trade with Russia

New economic data shows North Korea's sharpest growth since 2016, fueled by deepening trade and military ties with Russia.

North Korea's GDP grew 3.1% in 2023, ending a three-year economic contraction.
Trade with Russia, including arms transfers, has significantly bolstered North Korea's economy.
Industrial output in North Korea reached a seven-year high, with heavy and chemical industries leading the growth.
Foreign trade surged 74% to $2.77 billion, aided by easing COVID restrictions and improved weather conditions.
Despite economic growth, North Korea remains impoverished, with significant shortages of food and basic necessities.