Cape Verde: Labor freedom

* indicates monthly or quarterly data series
 Cape Verde

Labor freedom index (0-100)

 Latest value 52
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 50
 Min - Max 40 - 57
 Source The Heritage Foundation
For that indicator, we provide data for Cape Verde from 2005 to 2024. The average value for Cape Verde during that period was 50 points with a minimum of 40 points in 2013 and a maximum of 57 points in 2005. The latest value from 2024 is 52 points. For comparison, the world average in 2024 based on 174 countries is 56 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Cape Verde - Labor freedom - recent values

Historical chart
Cape Verde - Labor freedom - historical chart - 2005-2024

The Labor Freedom index for Cape Verde from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Cape Verde, including the minimum wage; laws inhibiting layoffs; severance requirements; and the regulatory burdens on hiring.
Definition: The Labor freedom index is composed of six quantitative factors: ratio of minimum wage to the average value added per worker, hindrance to hiring additional workers, rigidity of hours, difficulty of firing redundant employees, legally mandated notice period, and mandatory severance pay. The index is based on data collected in connection with the World Bank’s Doing Business study.

 Related indicators Latest value Reference Measure
 Property rights 64 2024 points
 Freedom from corruption 49 2024 points
 Fiscal freedom 4 2024 points
 Business freedom 72 2024 points
 Labor freedom 52 2024 points
 Monetary freedom 74.80 2024 points
 Trade freedom 66 2024 points
 Investment freedom 80 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 63 2024 index points
This site uses cookies.
Learn more here