Liechtenstein: Labor freedom

The latest value from 2017 is 86 points, unavailable from points in . In comparison, the world average is 59 points, based on data from 184 countries. Historically, the average for Liechtenstein from 2017 to 2017 is 86 points. The minimum value, 86 points, was reached in 2017 while the maximum of 86 points was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time. The value of that indicator for 2017 is 86 points.

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