Economy of North Korea
An overview of key economic indicators. Select a category for detailed trends, charts, and insights.
Explore Economic Domains
Growth & Output
Trade & Finance
No data available
Labor & Income
Economic Snapshot Overview
A summary of key economic indicators for North Korea
- The labor market demonstrates considerable strength, with a low unemployment rate of 2.9%, suggesting conditions close to full employment.2024A key feature of the workforce is its concentration in the services sector, which accounts for 38.8% of total employment2023.
- In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 640.514 kg of oil equivalent2022, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 14.7%2021. This commitment places it 68th among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 90.15K tonnes of CO2 equivalent2023, a key factor in its national climate strategy and international obligations.
Key Economic Insights
Macroeconomic Health
Balancing growth, inflation, and employment remains the core challenge for economic stewardship.
Trade & Investment Profile
The orientation towards global trade and foreign investment is a defining feature of the economic landscape.
Social Equity & Distribution
Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.
Energy & Sustainability
The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.
Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.