North Korea: Monetary freedom

The latest value from 2024 is 0 points, a decline from 0.1 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for North Korea from 1995 to 2024 is 0 points. The minimum value, 0 points, was reached in 1995 while the maximum of 0.1 points was recorded in 2023. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The Monetary Freedom index for North Korea from The Heritage Foundation reflects the stability of prices in North Korea and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.