Nicaragua: Labor freedom

* indicates monthly or quarterly data series

Labor freedom index (0-100)

 Latest value 47
 Year 2023
 Measure points
 Data availability 2005 - 2023
 Average 62
 Min - Max 47 - 76
 Source The Heritage Foundation
For that indicator, we provide data for Nicaragua from 2005 to 2023. The average value for Nicaragua during that period was 62 points with a minimum of 47 points in 2022 and a maximum of 76 points in 2006. The latest value from 2023 is 47 points. For comparison, the world average in 2023 based on 179 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
Nicaragua - Labor freedom - recent values

Historical chart
Nicaragua - Labor freedom - historical chart - 2005-2023

The Labor Freedom index for Nicaragua from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Nicaragua, 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 30 2023 points
 Freedom from corruption 18 2023 points
 Fiscal freedom 92 2023 points
 Business freedom 54 2023 points
 Labor freedom 47 2023 points
 Monetary freedom 71.30 2023 points
 Trade freedom 66 2023 points
 Investment freedom 60 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 55 2023 index points
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