Country rankings

Command Economy Countries

Command Economy Countries: compare 8 countries on 2 metrics.

Economics8 countries · 2 metricsUpdated Nov 7, 2024Original page
1 source

Command Economy

2 values across 8 entries

Data

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8 countries
BelarusYes—
ChinaNoChina maintained a command economy until 1978 when it began its transition to a mixed economy that blends communist and capitalist elements.Its current system has been described as a socialist market economy.
CubaYes—
IranYes—
LibyaYes—
North KoreaYesNorth Korea is a notoriously secretive country and details on the exact structure and form of its economic system are difficult to obtain. However, economists widely believe the country operates under a command economy.
RussiaNoRussia’s economy has mutated into a hybrid economic system, neither a nonmonetized command economy nor a monetized market economy.
VenezuelaYes—

Quick answers

Where does this command economy countries data come from?
Rankodex compiles it from World Population Review and the primary sources it cites: Command Economy.