PEST Analysis: North Korea

December 2022

North Korea’s autocratic regime is the most repressed globally for economic freedom, which propagates corruption, but sanctions could bring the country to the negotiating table. The command economy has been crippled by these sanctions, and remains closed and highly unproductive. Human rights abuses are prevalent within the restricted society, which is also ageing rapidly. Internet use is one of the lowest in the world and hacking is creating revenues for the state.

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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.

If you're in the Commodities industry in North Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty

The Commodities in North Korea report includes:

  • Analysis of the country's political and macroeconomic stability 
  • An overview of the economic structure and major industries
  • Latest economic performance

This report answers:

  • What is the economic outlook?
  • How stable is the political environment?
  • What are the country's risks and vulnerabilities?
  • What are the best sectors for investment?
  • Where should we focus our expansion strategy?
  • Which countries are moving up the value added chain away from primary sectors?

PEST Analysis: North Korea

Chart 1 Main PEST Points in North Korea
Chart 2 Political Environment Dynamics in North Korea
Chart 3 Economic Environment Dynamics in North Korea
Chart 4 Social Environment Dynamics in North Korea
Chart 5 Technological Environment Dynamics in North Korea

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  • Understand the likely path of economic growth
  • Examine risks and vulnerabilities of economies to support critical decision-making


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