Greece: Labor freedom

* indicates monthly or quarterly data series
 Greece

Labor freedom index (0-100)

 Latest value 63
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 54
 Min - Max 37 - 63
 Source The Heritage Foundation
The latest value from 2024 is 63 points, an increase from 61 points in 2023. In comparison, the world average is 56 points, based on data from 174 countries. Historically, the average for Greece from 2005 to 2024 is 54 points. The minimum value, 37 points, was reached in 2012 while the maximum of 63 points was recorded in 2024. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Greece - Labor freedom - Recent values chart

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




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

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 Related indicators Latest Reference Measure
 Property rights 77 2024 points
 Freedom from corruption 55 2024 points
 Fiscal freedom 6 2024 points
 Business freedom 74 2024 points
 Labor freedom 63 2024 points
 Monetary freedom 68.90 2024 points
 Trade freedom 79 2024 points
 Investment freedom 55 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 55 2024 index points
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