Kuwait: Labor freedom
* indicates monthly or quarterly data series
Kuwait |
Labor freedom index (0-100) |
---|---|
Latest value | 53 |
Year | 2024 |
Measure | points |
Data availability | 2005 - 2024 |
Average | 67 |
Min - Max | 52 - 88 |
Source | The Heritage Foundation |
The latest value from 2024 is 53 points, an increase from 52 points in 2023. In comparison, the world average is 56 points, based on data from 174 countries. Historically, the average for Kuwait from 2005 to 2024 is 67 points. The minimum value, 52 points, was reached in 2023 while the maximum of 88 points was recorded in 2010.
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The Labor Freedom index for Kuwait from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Kuwait, 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 | 42 | 2024 | points |
Freedom from corruption | 42 | 2024 | points |
Fiscal freedom | 100 | 2024 | points |
Business freedom | 56 | 2024 | points |
Labor freedom | 53 | 2024 | points |
Monetary freedom | 67.90 | 2024 | points |
Trade freedom | 76 | 2024 | points |
Investment freedom | 55 | 2024 | points |
Financial freedom | 60 | 2024 | points |
Economic freedom, overall index | 59 | 2024 | index points |