Hong Kong: Labor freedom

* indicates monthly or quarterly data series
 Hong Kong

Labor freedom index (0-100)

 Latest value 89
 Year 2020
 Measure points
 Data availability 2005 - 2020
 Average 89
 Min - Max 86 - 96
 Source The Heritage Foundation
For that indicator, we provide data for Hong Kong from 2005 to 2020. The average value for Hong Kong during that period was 89 points with a minimum of 86 points in 2007 and a maximum of 96 points in 2014. The latest value from 2020 is 89 points. For comparison, the world average in 2020 based on 181 countries is 59 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
Hong Kong - Labor freedom - Recent values chart

Historical chart
Hong Kong - Labor freedom - historical chart - 2005-2020

The Labor Freedom index for Hong Kong from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Hong Kong, 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 94 2020 points
 Freedom from corruption 85 2020 points
 Fiscal freedom 93 2020 points
 Business freedom 96 2020 points
 Labor freedom 89 2020 points
 Monetary freedom 80.70 2020 points
 Trade freedom 95 2020 points
 Investment freedom 80 2020 points
 Financial freedom 90 2020 points
 Economic freedom, overall index 89 2020 index points
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