North Korea: Economic freedom, overall index
* indicates monthly or quarterly data series
| North Korea |
Economic freedom, overall index (0-100) |
|---|---|
| Latest value | 3 |
| Year | 2024 |
| Measure | index points |
| Data availability | 1995 - 2024 |
| Average | 5 |
| Min - Max | 1 - 9 |
| Source | The Heritage Foundation |
The latest value from 2024 is 3 index points, unchanged from 3 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for North Korea from 1995 to 2024 is 5 index points. The minimum value, 1 index points, was reached in 2010 while the maximum of 9 index points was recorded in 1995.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Property rights | 16 | 2024 | points |
| Freedom from corruption | 4 | 2024 | points |
| Fiscal freedom | 0 | 2024 | points |
| Business freedom | 5 | 2024 | points |
| Labor freedom | 5 | 2024 | points |
| Monetary freedom | 0.00 | 2024 | points |
| Trade freedom | 0 | 2024 | points |
| Investment freedom | 0 | 2024 | points |
| Financial freedom | 0 | 2024 | points |
| Economic freedom, overall index | 3 | 2024 | index points |