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Macro - Country Economic Forecasts - North Korea

Publisher Oxford Economics
Published Aug 28, 2025
Length 3 Pages
SKU # OFE20418475

Description

We've increased our 2025 and 2026 growth forecasts for North Korea by 0.2ppts to 1.2% y/y due to a temporary resumption of tourism, greater troop deployment to Russia, and continued arms sales. However, sanctions mean the long-term growth trajectory is still weak. Although the country will continue selling equipment and ammunition to Russia, we expect the pace of growth to decelerate over the longer term.

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