Micronesia: Labor freedom

* indicates monthly or quarterly data series
 Micronesia

Labor freedom index (0-100)

 Latest value 73
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 78
 Min - Max 67 - 84
 Source The Heritage Foundation
For that indicator, we provide data for Micronesia from 2009 to 2024. The average value for Micronesia during that period was 78 points with a minimum of 67 points in 2018 and a maximum of 84 points in 2012. The latest value from 2024 is 73 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
Micronesia - Labor freedom - Recent values chart

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




The Labor Freedom index for Micronesia from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Micronesia, 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 65 2024 points
 Freedom from corruption 57 2024 points
 Fiscal freedom 100 2024 points
 Business freedom 53 2024 points
 Labor freedom 73 2024 points
 Monetary freedom 77.60 2024 points
 Trade freedom 75 2024 points
 Investment freedom 35 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 61 2024 index points
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