South Korea estimates that North Korea’s real gross domestic product (GDP) fell last year.

The Bank of Korea (BOK) announced that North Korea’s 2009 real GDP dipped 0-point-9-percent from 2008 in its estimate of 2009 economic growth in North Korea.

The North Korean economy contracted by one percent in 2006 and one-point-two percent in 2007. It achieved a three-point-one percent expansion in 2008.

Therefore, North Korea’s gross national income (GNI) is estimated to be 28-point-six trillion won, while its GNI per-capita is just one-point-two million won. Both figures are dwarfed by those posted by the South.

North Korea’s trade, excluding trade with South Korea, decreased by 410-million dollars in 2009 to three-point-four billion dollars. Inter-Korean trade fell by 140-million dollars to one-point-six billion dollars.