The North Korean Economy is Flourishing Thanks to Ties with Russia. The Country’s Economy Grew by 3.7 percent in 2024. Accordance to the Central Bank of South Korea, The Growth is Due to Arms Production and Exports to Russia.
In 2023, North Korea’s Gross National Product Grew by 3.1 percent, after three years of contraction. The 3.7 percent of 2024 is The Largest Growth Since 2016, When the Economy Increased by 3.9 percent.
The Figures are Measured by the Bank of Korea (Bok), The South Korean Central Bank. That bank is SEEN as one of the most reliable sources for information about the closed north korea. The Bok Reports “Significant Increases” in the Production, Construction and Mining Industry of North Korea.
In particular, The Export of Metal Parts for Weapons to Russia Gave A Significant Boost. Militarily, North Korea and Russia also Appear to Be Increasingly Intertwined. North Korea Sent Weapons and Troops to Support Russia in the War Against Ukraine.