Tag Archives: North Korea

According to allcountrylist, North Korea is a centrally planned economy with an emphasis on heavy industry and defense. The primary sector of the North Korean economy consists of agriculture, forestry, fishing, and mining. Agriculture is the most important sector, accounting for around 25% of North Korea’s GDP and providing employment for more than 70% of its labor force. Major crops include rice, maize, potatoes, soybeans, barley and wheat. Livestock production also plays an important role in this sector as livestock products are a major source of income in rural areas. The secondary sector accounts for around 30% of North Korea’s GDP and includes manufacturing activities such as textiles and clothing production as well as food processing. The tertiary or service sector accounts for about 45% of North Korea’s GDP and includes activities such as banking and financial services; transportation services such as shipping and air transport services; communication services such as telephone; health care; education; real estate; hospitality services; retail trade; tourism etc. This sector has experienced significant growth over the years due to increasing demand from both local consumers and foreign investors. In addition to this, North Korea has developed a number of special economic zones in order to attract foreign investment into the country. North Korea has a long history of agriculture that dates back centuries. During the pre-colonial era, the people of North Korea were able to sustainably cultivate crops such as rice, barley, and soybeans. These crops provided a significant source of food and nutrition for the population. In addition to this, they also kept livestock such as cows, pigs, goats, and chickens. This livestock provided an additional source of food and income for many North Koreans. The period following World War II saw dramatic changes to the agricultural sector in North Korea. After the Korean War in 1953, the government implemented several policies aimed at improving agricultural production in the country. These included subsidies on fertilizer inputs and improved access to credit for farmers through government initiatives like “Land Reclamation” (1953) and “Agricultural Revolution” (1956). Additionally, during this period there was an influx of new technology which helped improve farming practices by increasing yields and efficiency. In order to further increase agricultural production in North Korea, various irrigation projects were implemented throughout the country including large-scale water diversion projects from rivers such as Yalu River and Taedong River. This allowed agricultural land to be irrigated more efficiently leading to higher yields over time. Additionally, state-owned farms were established in order to increase productivity while providing jobs for citizens throughout North Korea. Today agriculture is still a major part of North Korean economy with over 70% of its population being employed in farming activities . The government continues to support farmers with subsidies on inputs as well as providing access to credit through state-owned banks and other initiatives such as “Land Credit Bank” (2009). Furthermore, improved infrastructure such as roads has allowed for better distribution of produce throughout North Korea allowing for greater economic development in rural areas. See smber for North Korea Agriculture and Fishing.