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As of 2023, North Korea's economy is often considered one of the least developed in the world, ranking near the bottom in terms of GDP. Estimates place its nominal GDP at around $20 billion, making it one of the smallest economies globally. The country's isolation, heavy sanctions, and lack of access to international markets significantly hinder its economic performance and growth potential. Consequently, North Korea is typically ranked among the lowest economies in terms of overall economic output and development.

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