Skip to content

Economy of North Korea vs Romania compared: GDP & Debt

Updated on by Georank

North Korea has a GDP of $34.9B compared to $429B for Romania, ranking 109/197 and 39/197 by economy size, respectively.

North Korea vs Romania GDP by year

North Korea
Romania
1x
Year GDP, current $
North Korea Romania
2025 - $428,677,977,855
2024 $34,943,120,000 $382,564,217,989
2023 $32,155,360,000 $347,757,995,759
2022 $28,971,360,000 $295,317,862,856
2021 $32,301,720,000 $285,072,444,957
2020 $27,728,240,000 $250,624,575,872
2019 $28,222,880,000 $250,080,428,512
2018 $28,536,400,000 $241,791,427,224
2017 $29,105,440,000 $210,147,385,855
2016 $28,882,640,000 $185,290,759,249
2015 $30,723,030,000 $177,885,131,240
2014 $30,554,460,000 $199,722,319,676
2013 $30,588,922,000 $189,798,603,751
2012 $29,890,710,000 $179,117,323,107
2011 $29,005,020,000 $192,623,977,894
2010 $25,995,513,000 $170,064,350,672
2009 $23,356,470,000 $174,110,532,659
2008 - $214,315,932,061
2007 - $174,588,782,939
2006 - $122,023,735,993
2005 - $98,454,380,120
2004 - $74,973,656,852
2003 - $57,806,384,143
2002 - $46,065,502,703
2001 - $40,395,116,581
2000 - $37,253,739,511
1999 - $35,953,156,754
1998 - $41,696,091,974
1997 - $35,575,214,078
1996 - $36,937,074,278
1995 - $37,430,162,103
1994 - $30,072,805,104
1993 - $26,361,160,450
1992 - $25,121,666,667
1991 - $28,850,634,900
1990 - $38,247,882,300
1989 - $41,450,777,202
1988 - $40,424,528,302
1987 - $38,067,567,568

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

GeoRank.org/economy/north-korea/romania | CC BY

GDP per capita in North Korea vs Romania by year

North Korea
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
North Korea Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $22,538 -
2024 $1,319 - $20,080 $49,077
2023 $1,217 - $18,244 $45,982
2022 $1,100 - $15,503 $41,979
2021 $1,231 - $14,908 $37,534
2020 $1,061 - $13,009 $34,194
2019 $1,084 - $12,910 $33,425
2018 $1,100 - $12,416 $29,383
2017 $1,127 - $10,728 $26,943
2016 $1,124 - $9,405 $23,905
2015 $1,201 $1,700 $8,977 $21,625
2014 $1,201 $1,800 $10,032 $20,633
2013 $1,208 - $9,498 $19,678
2012 $1,186 - $8,930 $19,808
2011 $1,156 $1,800 $9,561 $18,804
2010 $1,040 - $8,400 $17,355
2009 $939 $1,800 $8,548 $16,641
2008 - $1,800 $10,435 $16,782
2007 - $1,700 $8,360 $13,703
2006 - $1,800 $5,758 $11,554
2005 - $1,700 $4,618 $9,602
2004 - $1,700 $3,495 $8,989
2003 - $1,300 $2,679 $7,559
2002 - $1,000 $2,120 $7,162
2001 - - $1,825 $6,520
2000 - $1,000 $1,660 $5,850
1999 - $1,000 $1,600 $5,596
1998 - - $1,853 $5,545
1997 - - $1,577 $5,564
1996 - - $1,633 $5,746
1995 - - $1,650 $5,429
1994 - - $1,323 $4,995
1993 - - $1,158 $4,699
1992 - - $1,102 $4,515
1991 - - $1,254 $4,795
1990 - - $1,648 $5,280
1989 - - $1,790 -
1988 - - $1,753 -
1987 - - $1,659 -

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-07-08).

GeoRank.org/economy/north-korea/romania | CC BY

North Korea's GDP per capita is $1,319, ranking 169/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), North Korea ranks 193rd at $1,700, while Romania ranks 47th at $49,077.

Economic indicators

North Korea Romania
Gross domestic product
$34.9B
2024
$429B
2025
GDP rank
109/197
2024
39/197
2025
GDP growth n/a
0.68%
2024-2025
GDP per capita
$1,319
2024
$22,538
2025
GDP per capita rank
169/197
2024
57/197
2025
GDP per capita, PPP
$1,700
2015
$49,077
2024
GDP per capita PPP rank
193/197
2015
47/197
2024
Government debt n/a
$260B
2025
Debt-to-GDP ratio n/a
60.6%
2025
Government debt per person n/a
$13,650
2025
Government debt per person rank n/a
48/185
2025
Average annual personal income after taxes
$1,707
2026
$13,510
2026
Market capitalization of domestic companies n/a
$70.9B
2025
Number of billionaires n/a
6
2026
Income share by richest 10% n/a
21.8%
2023
Income share by poorest 10% n/a
2.4%
2023
Government expenditure, % of GDP n/a
40.5%
2025
Consumer prices inflation n/a
7.3%
2024-2025
Central bank interest rate n/a
6.5%
2024
Unemployment rate
25.6%
2013
6.1%
2025
Population
26668308
18912567

Top exports between countries

North Korea
Export category Export value
Chemicals & pharma $6K
Romania
Export category Export value

Balance of trade

North Korea Romania
Current account balance n/a
-$33.9B
2025
Current account balance ranking n/a
186/190
2025
Current account balance, % of GDP n/a
-7.9%
2025
Goods imports n/a
$139B
2025
Goods exports n/a
$102B
2025
Service imports n/a
$35.9B
2025
Service exports n/a
$50.1B
2025
Imports of goods and services, % of GDP n/a
40.7%
2025
Exports of goods and services, % of GDP n/a
35.5%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

North Korea Romania
Economic freedom 3.1 65.4
Economic freedom ranking 197/197 64/197
Property rights 16.3 81
Government integrity 4.3 50
Judicial effectiveness 6.3 67
Tax burden 0 89.1
Government spending 0 56.7
Fiscal health 0 21.4
Business freedom 5 74.4
Labor freedom 5 63.6
Monetary freedom 0 72.7
Trade freedom 0 79.4
Investment freedom 0 70
Financial freedom 0 60

Economic freedom comparison by year

North Korea
Romania
1x
Year Economic freedom index
North Korea Romania
2026 3.1 65.4
2025 3 66.5
2024 2.9 64.4
2023 2.9 64.5
2022 3 67.1
2021 5.2 69.5
2020 4.2 69.7
2019 5.9 68.6
2018 5.8 69.4
2017 4.9 69.7
2016 2.3 65.6
2015 1.3 66.6
2014 1 65.5
2013 1.5 65.1
2012 1 64.4
2011 1 64.7
2010 1 64.2
2009 2 63.2
2008 3 61.7
2007 3 61.2
2006 4 58.2
2005 8 52.1
2004 8.9 50
2003 8.9 50.6
2002 8.9 48.7
2001 8.9 50
2000 8.9 52.1
1999 8.9 50.1
1998 8.9 54.4
1997 8.9 50.8
1996 8.9 46.2
1995 8.9 42.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/north-korea/romania | CC BY

The Economic Freedom Index for North Korea is 3.1, ranking 197/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

North Korea Romania
Services, % of GDP n/a
61.7%
2025
Industry, % of GDP n/a
25.3%
2025
Agriculture, forestry, and fishing, % of GDP n/a
3%
2025
GNI, Atlas method n/a
$384B
2025
GNI per capita, PPP n/a
$49,550
2025
Total reserves including gold n/a
$90.6B
2025
Total reserves ranking n/a
31/177
2025
Net foreign direct investment n/a
-$8.57B
2025
Net inflows of foreign direct investment
$203K
1989
$7.16B
2024
Net outflows of foreign direct investment
$0
2024
$1.99B
2024
Poverty at national poverty lines n/a
19%
2023
Gross capital formation, % of GDP n/a
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/north-korea/romania | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2025, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.