North Korea: Financial freedom

* indicates monthly or quarterly data series
 North Korea

Financial freedom index (0-100)

 Latest value 0
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 4
 Min - Max 0 - 10
 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 4 points with a minimum of 0 points in 2007 and a maximum of 10 points in 1995. The latest value from 2024 is 0 points. For comparison, the world average in 2024 based on 175 countries is 49 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 - Financial freedom - recent values

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




The Financial Freedom index for North Korea from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.


 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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