North Korean economy

E479380

The North Korean economy is a highly centralized, state-controlled system characterized by chronic inefficiencies, international sanctions, and heavy reliance on limited foreign trade and aid.

All labels observed (1)

Label Occurrences
North Korean economy canonical 2

How this entity was disambiguated

Statements (71)

Predicate Object
instanceOf command economy ⓘ
national economy ⓘ
agriculturalSystem collective farms ⓘ
state farms ⓘ
chronicIssues infrastructure deficiencies ⓘ
limited energy supply ⓘ
low productivity ⓘ
periodic food shortages ⓘ
resource misallocation ⓘ
country North Korea ⓘ
currency North Korean won ⓘ
dataTransparency very low ⓘ
dominantOwnershipForm state ownership of means of production ⓘ
economicSystem centrally planned economy ⓘ
state-controlled economy ⓘ
energySources coal ⓘ
hydropower ⓘ
financialSystem state-controlled banking sector ⓘ
foreignAidDependence periodic food aid ⓘ
foreignAidSources China ⓘ
international humanitarian organizations ⓘ
foreignInvestmentLevel very low ⓘ
GDPMeasurement highly uncertain ⓘ
governanceFeatures central planning through multi-year plans ⓘ
limited role of market prices ⓘ
rationing system for basic goods ⓘ
humanDevelopmentIssues chronic malnutrition risk ⓘ
widespread poverty ⓘ
informalSector significant informal market activity ⓘ
internationalIntegration highly isolated from global financial system ⓘ
KaesongIndustrialRegionStatus intermittently closed due to political tensions ⓘ
keyIdeology Juche ⓘ
Songun ⓘ
keySectors agriculture ⓘ
heavy industry ⓘ
light manufacturing ⓘ
military-industrial complex ⓘ
mining ⓘ
laborExport overseas North Korean workers ⓘ
laborExportUse source of foreign currency ⓘ
macroeconomicStability periodic currency reforms and disruptions ⓘ
mainExportCommodities arms and military-related goods (alleged) ⓘ
minerals ⓘ
textiles (historically significant) ⓘ
mainImportNeeds food ⓘ
fuel ⓘ
machinery and industrial inputs ⓘ
mainTradingPartners China ⓘ
Russia ⓘ
limited other countries ⓘ
notableSpecialEconomicZones Kaesong Industrial Region ⓘ
Rason Special Economic Zone ⓘ
planningAuthority Cabinet of North Korea ⓘ
Workers’ Party of Korea ⓘ
policyPriority military spending ⓘ
self-reliance ⓘ
privateSectorSize very small formal private sector ⓘ
publicDistributionSystemStatus unreliable and often insufficient ⓘ
reformCharacteristics selective market-oriented experiments ⓘ
special economic zones with limited openness ⓘ
sanctionsImpact limited access to advanced technology ⓘ
reduced export revenues ⓘ
restricted access to international finance ⓘ
sanctionsImposedBy European Union ⓘ
United Nations ⓘ
United States ⓘ
sanctionsReasons ballistic missile program ⓘ
nuclear weapons program ⓘ
subjectTo extensive international sanctions ⓘ
tradeStructure limited legal external trade ⓘ
smuggling and informal cross-border trade ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

RFA Korean Service → topic → North Korean economy ⓘ
Korean Peninsula waters → importantFor → North Korean economy ⓘ