Honduras: Labor freedom

* indicates monthly or quarterly data series
 Honduras

Labor freedom index (0-100)

 Latest value 39
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 35
 Min - Max 27 - 45
 Source The Heritage Foundation
For that indicator, we provide data for Honduras from 2005 to 2024. The average value for Honduras during that period was 35 points with a minimum of 27 points in 2013 and a maximum of 45 points in 2005. The latest value from 2024 is 39 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.
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* indicates monthly or quarterly data series


Recent values chart
Honduras - Labor freedom - Recent values chart

Historical chart
Honduras - Labor freedom - historical chart - 2005-2024




The Labor Freedom index for Honduras from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Honduras, 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 value Reference Measure
 Property rights 38 2024 points
 Freedom from corruption 21 2024 points
 Fiscal freedom 89 2024 points
 Business freedom 65 2024 points
 Labor freedom 39 2024 points
 Monetary freedom 67.70 2024 points
 Trade freedom 70 2024 points
 Investment freedom 65 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 59 2024 index points
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