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In 2024, North Korea's "economic freedom" score from the free-market oriented Heritage Foundation was 2.9, making its economy the world’s least free. The country’s economic freedom score is lower than the world and regional averages. North Korea’s economy is considered “repressed” according to the 2024 Index. [69] [70] [71]
According to the Press Freedom Index, North Korea has the fourth least free press in the world. According to the Walk Free Foundation's Global Slavery Index, North Korea has the highest proportion of people in modern slavery. The Open Doors foundation's World Watch List lists the country as the worst persecutor of Christians in the world.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
There are some strange statistics and fun facts that lend perspective to the Hermit Kingdom.
Gross domestic product (GDP) in 2023 likely expanded 3.1% in real terms, the biggest percentage growth since 2016, the Bank of Korea (BOK) said on Friday. ... North Korea's economy contracted by 0 ...
North Korea is a mystery – here’s what we do know. For premium support please call: 800-290-4726 more ways to reach us
GDP (PPP) means gross domestic product based on purchasing power parity. This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
There have been two primary reasons for counterfeiting: the first is to wage economic warfare against the United States, [2] and secondly, to help ease North Korea's domestic economic problems. [30] According to a report by Balbina Hwang of American University, North Korea circulated $100 million in counterfeit currency in 2001. [1]