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N. Korea economy expands at fastest rate in 17 years

Jul 21, 2017, 7:44 AM EDT
(Source: (stephan)/flickr)
(Source: (stephan)/flickr)

North Korea, under a slew of economic sanctions over its nuclear and missile programs, saw its economy grow at its fastest rate in 17 years in 2016.

The country’s GDP jumped by 3.9 percent compared to previous year, a gain that analysts attributed to activity of mining and energy sector as well as rising exports to China, notes the BBC.

According to the Korea Trade-Investment Promotion Agency in South Korea, China accounted for approximately 93 percent of N. Korea’s trade in 2016, writes Bloomberg.

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