{"id":9608,"date":"2023-11-03T02:05:11","date_gmt":"2023-11-03T01:05:11","guid":{"rendered":"https:\/\/www.northkoreainfo.com\/?p=9608"},"modified":"2023-11-03T02:05:11","modified_gmt":"2023-11-03T01:05:11","slug":"what-percentage-of-north-korea-lives-in-poverty","status":"publish","type":"post","link":"https:\/\/www.northkoreainfo.com\/what-percentage-of-north-korea-lives-in-poverty\/","title":{"rendered":"What Percentage Of North Korea Lives In Poverty"},"content":{"rendered":"
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Background<\/b><\/p>\n

The Democratic People’s Republic of Korea, more commonly known as North Korea, is a nation located in East Asia. It is a one-party state led by the Worker’s Party of Korea. North Korea has been in an economically turbulent situation over the past few decades; the country has been under sanctions for exhibiting behaviour deemed as nuclear threats. In 2018, North Korea’s nominal GDP was estimated to be around $17.9 billion, making it one of the poorest countries in the world.<\/p>\n

Roots Of Poverty<\/b><\/p>\n

One of the main factors contributing to poverty in North Korea is the mismanagement of State-owned enterprises which has led to the death of citizens due to malnutrition, regular blackouts, and fuel shortages. Moreover, the country spent too much money on defence, compared to the amount invested public welfare programmes. Furthermore, remittances from overseas Korean who send money to their family members in North Korea has experienced a sharp decline due to economic sanctions on the country.<\/p>\n