Economy of North Korea
Estimating gross national product in North Korea is a difficult task because of a dearth of economic data and the problem of choosing an appropriate rate of exchange for the North Korean won, the nonconvertible North Korean currency. The South Korean government's estimate placed North Korea's GNP in 1991 at US$22.9 billion, or US$1,038 per capita. In contrast, South Korea posted US$237.9 billion of GNP and a per capita income of US$5,569 in 1991. North Korea's GNP in 1991 showed a 5.2% decline from 1989, and preliminary indications were that the decline would continue. South Korea's GNP, by contrast, expanded by 9.3% and 8.4%, respectively, in 1990 and 1991.
North Korea
North Korea, officially the Democratic People's Republic of Korea (DPRK or DPR Korea) (Korean: 조선민주주의인민공화국, "Chosŏn Minjujuŭi Inmin Konghwaguk"), is a country in East Asia constituting the northern part of the Korean Peninsula, with Pyongyang the capital and the largest city in the country. The name "Korea" is derived from Goguryeo which was one of the great powers in East Asia during its time, ruling most of the Korean Peninsula, Manchuria, parts of the Russian Far East and Inner Mongolia, under Gwanggaeto the Great. To the north and northwest, the country is bordered by China and by Russia along the Amnok (known as the Yalu in Chinese) and Tumen rivers; it is bordered to the south by South Korea, with the heavily fortified Korean Demilitarized Zone (DMZ) separating the two. Nevertheless, North Korea, like its southern counterpart, claims to be the legitimate government of the entire peninsula and adjacent islands. Both North Korea and South Korea became members of the United Nations in 1991.