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
Energy & Environment
Economic Snapshot Overview
A summary of key economic indicators for North Korea
- The labor market is robust, with a low unemployment rate of 2.9%2024. The services sector is a primary driver of the labor market, accounting for 38.8% of total employment2023.
- On the environment and energy front, energy consumption per capita is 640.514 kg of oil equivalent2022. The energy mix is still heavily reliant on traditional sources, with renewables contributing 14.7%2021. Its commitment to clean energy places it 68th among 190 countries for its share of renewable energy consumption.
Key Economic Insights
Macroeconomic Health
Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.
Trade & Investment Profile
The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.
Social Equity & Distribution
Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.
Energy & Sustainability
Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.
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.