New Zealand: Labor freedom

* indicates monthly or quarterly data series
 New Zealand

Labor freedom index (0-100)

 Latest value 70
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 86
 Min - Max 70 - 93
 Source The Heritage Foundation
The latest value from 2024 is 70 points, a decline from 72 points in 2023. In comparison, the world average is 56 points, based on data from 174 countries. Historically, the average for New Zealand from 2005 to 2024 is 86 points. The minimum value, 70 points, was reached in 2024 while the maximum of 93 points was recorded in 2006. 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 data
New Zealand - Labor freedom - Recent values chart

Historical series
New Zealand - Labor freedom - historical chart - 2005-2024




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

All articles



 Related indicators Latest Reference Measure
 Property rights 87 2024 points
 Freedom from corruption 96 2024 points
 Fiscal freedom 72 2024 points
 Business freedom 88 2024 points
 Labor freedom 70 2024 points
 Monetary freedom 74.60 2024 points
 Trade freedom 90 2024 points
 Investment freedom 70 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 78 2024 index points
This site uses cookies.
Learn more here


OK