Successes Made in DPRK’s Overall National Economy in 2023

In the DPRK remarkable successes were made in the overall national economy in 2023.

The 12 goals for the national economic development were all attained with 103 percent of grain production, 100 percent of electric power, coal and nitrogenous fertilizer, 102 percent of rolled steel, 131 percent of nonferrous metal, 109 percent of logs, 101 percent of cement and ordinary cloth, 105 percent of marine products, 106 percent of railway freight transport and 109 percent of houses under construction. And the overall economy witnessed clear production growth, including 220 percent of motor production, 208 percent of transformers, 121 percent of bearings, 140 percent of electric zinc, 121 percent of lead, 113 percent of paper, 110 percent of salt, 109 percent of cosmetics, 100 percent of flat glass and 104 percent of magnesia clinker, and plan discipline was established.

Compared with the total growth of the economic sector in 2020, the previous year of the 8th Party Congress, the production of important indices largely went up in 2023 by raising the production of iron trioxide 3.5 times, pig iron 2.7 times, rolled steel 1.9 times, machine tools 5.1 times, cement 1.4 times and nitrogen fertilizer 1.3 times and the GDP grew up 1.4 times.