Libya: Labor freedom

* indicates monthly or quarterly data series
 Libya

Labor freedom index (0-100)

 Latest value 49
 Year 2023
 Measure points
 Data availability 2005 - 2023
 Average 40
 Min - Max 20 - 78
 Source The Heritage Foundation
For that indicator, we provide data for Libya from 2005 to 2023. The average value for Libya during that period was 40 points with a minimum of 20 points in 2005 and a maximum of 78 points in 2014. The latest value from 2023 is 49 points. For comparison, the world average in 2023 based on 179 countries is 56 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Libya - Labor freedom - Recent values chart

Historical chart
Libya - Labor freedom - historical chart - 2005-2023




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

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 Related indicators Latest value Reference Measure
 Property rights 6 2024 points
 Freedom from corruption 10 2024 points
 Fiscal freedom 91 2018 points
 Business freedom 31 2023 points
 Labor freedom 49 2023 points
 Monetary freedom 75.10 2023 points
 Trade freedom 80 2018 points
 Investment freedom 5 2021 points
 Financial freedom 20 2014 points
 Economic freedom, overall index 36 2012 index points
This site uses cookies.
Learn more here


OK