Liberia: Labor freedom

* indicates monthly or quarterly data series

Labor freedom index (0-100)

 Latest value 44
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 46
 Min - Max 38 - 60
 Source The Heritage Foundation
For that indicator, we provide data for Liberia from 2009 to 2024. The average value for Liberia during that period was 46 points with a minimum of 38 points in 2019 and a maximum of 60 points in 2018. The latest value from 2024 is 44 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
Liberia - Labor freedom - Recent values chart

Historical chart
Liberia - Labor freedom - historical chart - 2009-2024

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

 Related indicators Latest value Reference Measure
 Property rights 32 2024 points
 Freedom from corruption 25 2024 points
 Fiscal freedom 69 2024 points
 Business freedom 35 2024 points
 Labor freedom 44 2024 points
 Monetary freedom 71.60 2024 points
 Trade freedom 67 2024 points
 Investment freedom 55 2024 points
 Financial freedom 20 2024 points
 Economic freedom, overall index 50 2024 index points
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