Malaysia: Labor freedom

* indicates monthly or quarterly data series
 Malaysia

Labor freedom index (0-100)

 Latest value 58
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 72
 Min - Max 57 - 79
 Source The Heritage Foundation
For that indicator, we provide data for Malaysia from 2005 to 2024. The average value for Malaysia during that period was 72 points with a minimum of 57 points in 2022 and a maximum of 79 points in 2011. The latest value from 2024 is 58 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
Malaysia - Labor freedom - Recent values chart

Historical chart
Malaysia - Labor freedom - historical chart - 2005-2024




The Labor Freedom index for Malaysia from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Malaysia, 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 value Reference Measure
 Property rights 66 2024 points
 Freedom from corruption 48 2024 points
 Fiscal freedom 43 2024 points
 Business freedom 71 2024 points
 Labor freedom 58 2024 points
 Monetary freedom 79.10 2024 points
 Trade freedom 83 2024 points
 Investment freedom 60 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 66 2024 index points
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