North Korea GDP Growth

             The South’s central bank said that despite global sanctions over its weapons programmes, North Korea’s economy grew at the fastest pace in 17 years thanks to a jump in exports and increased production in mining and other industries, on Friday. The bank of Korea (BOK) said the North’s gross domestic product grew 3.9 percent last year-the fastest since 1999 when it expanded 6.1 percent. The hermit state does not officially release its annual estimates based on data, and BOK releases its annual estimates based on data compiled from state and private organizations. The impoverished North has faced several rounds of UN sanction over its push to develop nuclear weapons.

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