Friday, August 4, 2017
The facts that shock: The economy of North Korea is 1/50th the size of South Korea’s economy
Was reading The Economist, and got a shock when I read this:
“IT IS odd that North Korea causes so much trouble. It is not exactly a superpower. Its economy is only a fiftieth as big as that of its democratic capitalist cousin, South Korea.”
A fiftieth? So I went to the CIA world factbook, and indeed:
Population 50,924,172 (July 2016 est.) 25,115,311
The above facts may be obvious to economists and journalists who closely follow the conflict. To me, it came as a surprise. The last time I reacted similarly was when I realized that the economy of Belgium is greater than that of all Africa put together, excluding South Africa.
Posted by Mladen Andrijasevic at 8:47 AM