이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Market economy represents nearly a third of N.K. domestic consumption
- Collected
- 2016.11.01
- Distributed
- 2016.11.02
- Source
- Go Direct
North Korea’s market economy was estimated to represent 28.5 percent in the country in terms of final demand (spending), acting as the primary stage for consumer spending and reinvestment from earnings.
Market activities in the state-controlled communist economy is relatively active, given former unregistered market took up 10 percent to 25 percent of the economies of former Soviet Union and allies from 1965 to 1989.
The unregistered market economies have helped to spur investments more than consumption, the report said.
The production inducement coefficient in North Korea’s informal economic sectors was estimated to be 2.72 in the area of investment spending, higher than that in the benchmark of 2.65. That means the direct and indirect output increased by 2.72 won from an investment of 1 won.
The production inducement coefficient from consumer spending was lower at 2.04.
Informal economic activities are gradually expanding and flourishing with consumer savings translating into reinvestment in the market, said Choi Ji-young, an economist at the Bank of Korea, said in the report
The estimation was made by analyzing estimates on North Korea`s gross domestic product, GDP by industry, budget size and other economic data.
By Boo Jang-won
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