MOSCOW (Sputnik) — The Bank of Korea warns that it can only make estimations as the North does not release its economic indicators.
"North Korean real annual GDP decreased by 1.1% in 2015, the lowest growth rate since 2007 (-1.2%)," the press release read.
Mining and manufacturing represent the largest decline in GDP in the wake of serious decline of the price of coal, North Korea's main export, according to the bank's estimates.
The recent round of the UN sanctions targeting trade in commodities is likely to further hurt the economy, the press release said.
