Foreign direct investment in DPRK up for 3rd year

According to Yonhap (via Global Post):

Foreign direct investment (FDI) in North Korea has steadily increased over the past three years, but the investment amount still remains at one of lowest levels in the world, a news report said Thursday.

North Korea attracted US$79 million in FDI in 2012, up 41 percent from a year earlier, the Washington-based Voice of America said, citing an annual world investment report by the United Nations Conference on Trade and Development.

In 2009, a total of only $2 million flowed in to the North, but the number jumped to $38 million the next year, according to the report.

Despite the latest three-year growth, the amount marks one of lowest levels in the world and the majority of the FDI inflow represents investment from China, by far North Korea’s biggest ally, the report said.

A few countries in sub-Saharan Africa or small countries in the Oceania and the Caribbean logged FDI smaller than North Korea, the report noted.

As of the end of 2012, the total inflow of FDI to the North stood at $1.61 billion, it also said.

Although the article does not mention it, the information comes from the “World Investment Report: 2013” (PDF).  Some of the data comes from a table on page 214. The report was published by the United Nations Conference on Trade and Development.

Lots of other economic statistics on my Economic Statistics Page.

Read the full story here:
Foreign direct investment in N. Korea gains for 3rd year
Yonhap (via Global Post)


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