Georgia: Labor freedom

* indicates monthly or quarterly data series
 Georgia

Labor freedom index (0-100)

 Latest value 63
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 81
 Min - Max 62 - 100
 Source The Heritage Foundation
The latest value from 2024 is 63 points, an increase from 62 points in 2023. In comparison, the world average is 56 points, based on data from 174 countries. Historically, the average for Georgia from 2005 to 2024 is 81 points. The minimum value, 62 points, was reached in 2022 while the maximum of 100 points was recorded in 2007. 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 data
Georgia - Labor freedom - Recent values chart

Historical series
Georgia - Labor freedom - historical chart - 2005-2024




The Labor Freedom index for Georgia from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Georgia, 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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Property rights 53 2024 points
 Freedom from corruption 61 2024 points
 Fiscal freedom 40 2024 points
 Business freedom 74 2024 points
 Labor freedom 63 2024 points
 Monetary freedom 69.30 2024 points
 Trade freedom 86 2024 points
 Investment freedom 80 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 68 2024 index points
This site uses cookies.
Learn more here


OK