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Economy of North Korea


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roducts, machine building, electric power, chemicals, mining, metallurgy, textiles, food processing and tourism. Iron ore and coal production are among the few sectors where North Korea performs significantly better than its southern neighbour – the DPRK produces about 10 times larger amounts of each resource.

Rice yields are about 2.8 tonnes per hectare, about half that in most countries, with soil degradation, lack of fertilisers, and limited mechanisation blamed. In 2005, North Korea was ranked by the FAO as an estimated 10th in the production of fresh fruit and as an estimated 19th in the production of apples. It has substantial natural resources and is the world's 18th largest producer of iron and zinc, having the 22nd largest coal reserves in the world. It is also the 15th largest fluorite producer and 12th largest producer of copper and salt in Asia. Other major natural resources in production include lead, tungsten, graphite, magnesite, gold, pyrites, fluorspar, and hydropower
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