North Korea: Monetary freedom

North Korea: Monetary freedom index (0-100)

: For that indicator, The Heritage Foundation provides data for North Korea from 1995 to 2020. The average value for North Korea during that period was 0 points with a minimum of 0 points in 1995 and a maximum of 0 points in 1995. The latest value from 2020 is 0 points. For comparison, the world average in 2020 based on 182 countries is 74.62 points. See the global rankings 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.