(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series
Liechtenstein: Labor freedom index (0-100)
For that indicator, The Heritage Foundation provides data for Liechtenstein from 2017 to 2017. The average value for Liechtenstein during that period was 86 points with a minimum of 86 points in 2017 and a maximum of 86 points in 2017.
The latest value from 2017 is 86 points. For comparison, the world average in 2017 based on 184
countries is 59 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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.