North Korea: Business freedom

* indicates monthly or quarterly data series
 North Korea

Business freedom index (0-100)

 Latest value 5
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 16
 Min - Max 0 - 40
 Source The Heritage Foundation
For that indicator, we provide data for North Korea from 1995 to 2024. The average value for North Korea during that period was 16 points with a minimum of 0 points in 2006 and a maximum of 40 points in 1995. The latest value from 2024 is 5 points. For comparison, the world average in 2024 based on 175 countries is 62 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
North Korea - Business freedom - Recent values chart

Historical chart
North Korea - Business freedom - historical chart - 1995-2024




The Business Freedom index for North Korea from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of North Korea in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).


 Related indicators Latest value 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
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