North Korea vs Singapore: Economic Indicators Comparison
Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while North Korea ranked 89th with $43.3B. By GDP 5-years average growth and GDP per capita, Singapore and North Korea ranked 76th vs 172nd and 10th vs 154th, respectively.
Gross Domestic Product & Income
| Stat |  North Korea |  Singapore |
|---|---|---|
| GDP | $43.3B | $364.2B |
| GDP growth, 1 year | -4.1% | 3.2% |
| GDP growth, 5-years average | -0.8% | 3.3% |
| Population | 25.5M | 5.9M |
| GDP per capita | $1.7k | $65k |
| GDP per capita growth | N/A | 2.66% |
| Purchasing Power Parity conversion factor | N/A | 0.86 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.64 |
| GDP per capita, PPP adjusted | $1.7k | $100k |
| GNI, Atlas method | N/A | $331.4B |
| GNI per capita | N/A | $59k |
| GNI, PPP adjusted | N/A | $533.8B |
| GNI per capita, PPP adjusted | N/A | $95k |
Financial system and Human development
| Stat | North Korea | Singapore |
|---|---|---|
| Income Tax Rate | N/A | 22% |
| Corporate Tax Rate | N/A | 17% |
| Inflation, consumer prices | N/A | 0.4% |
| Inflation, GDP deflator | N/A | 1.9% |
| Unemployment | 3.3% | 3.8% |
| Economic Freedom Index | 4.2 | 89.4 |
| Personal Freedom Index | 1.4 | 7.44 |
| Human Freedom Index | 1.4 | 8.1 |
| Property Rights Index | 20.1 | 96.8 |
| Judical Effectiveness Index | 5 | 92.9 |
| Business Freedom Index | 5 | 92.8 |
| Fiscal Health Index | 0 | 80 |
| Labor Freedom Index | 5 | 90.9 |
| Investment Freedom Index | 0 | 85 |
| Financial Freedom Index | 0 | 80 |
| Trade Freedom Index | 0 | 94.8 |
| Monetary Freedom Index | 0 | 85.6 |
| Government Spending Index | 0 | 91.1 |
| Tax Burden Index | 0 | 90.3 |
| Government Integrity Index | 15.1 | 92.4 |
| Corruption Perceptions Index | 14 | 85 |
| Life expectancy at birth, years | 71.9 | 82.9 |
| Suicide mortality rate, per 100,000 people | 11.2 | 9.9 |
| Mortality caused by road traffic injury, per 100,000 people | 20.8 | 2.8 |
| Intentional homicides, per 100,000 people | 4.4 | 0.2 |
| International tourism, number of arrivals | N/A | 14.7M |
Government debt & reserves
| Stat | North Korea | Singapore |
|---|---|---|
| Central government debt, % of GDP | N/A | 108.3% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 36.8% |
| Gross savings, % of GDP | N/A | 45.8% |
| Gross capital formation, % of GDP | N/A | 26.6% |
| Total reserves including gold | N/A | $292.7B |
| Foreign direct investment net inflows | $52M | $82B |
Exports, imports and economic structure
| Stat | North Korea | Singapore |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | 176.4% |
| Imports of goods and services, % of GDP | N/A | 149.8% |
| Current account balance (balance of payments) | N/A | $65.1B |
| Revenue excluding grants, % of GDP | N/A | 18.8% |
| Grants excluding technical cooperation, BoP | $118.5M | $1.6M |
| Personal remittances received | N/A | N/A |
| Industry including construction value added, % of GDP | N/A | 25.2% |
| Agriculture, forestry and fishing value added, % of GDP | N/A | 0% |
| Charges for the use of intellectual property, payments BoP | N/A | $15.2B |
| Charges for the use of intellectual property, receipts BoP | N/A | $8.7B |
| Expense, % of GDP | N/A | 15.2% |
| Government Expenditure, % of GDP | N/A | 17.2% |
