North Korean Economy

North Korea’s economy is heavily state-controlled, with most industries, agriculture, and resources managed by the government. It allocates resources centrally, often prioritizing military and political projects, which can lead to inefficiencies and shortages. The country has limited engagement with global markets due to international sanctions, resulting in a reliance on self-sufficiency ("juche") and restricted trade. While agricultural and mining sectors provide some exports, economic growth remains limited, and many citizens face hardship. Despite occasional efforts to introduce small reforms, the economy remains tightly managed, focusing on stability and defense rather than widespread prosperity.