Nigeria: Labor freedom

* indicates monthly or quarterly data series

Labor freedom index (0-100)

 Latest value 74
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 79
 Min - Max 66 - 87
 Source The Heritage Foundation
For that indicator, we provide data for Nigeria from 2005 to 2024. The average value for Nigeria during that period was 79 points with a minimum of 66 points in 2014 and a maximum of 87 points in 2008. The latest value from 2024 is 74 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
Nigeria - Labor freedom - recent values

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

The Labor Freedom index for Nigeria from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Nigeria, 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 25 2024 points
 Freedom from corruption 22 2024 points
 Fiscal freedom 44 2024 points
 Business freedom 43 2024 points
 Labor freedom 74 2024 points
 Monetary freedom 63.20 2024 points
 Trade freedom 68 2024 points
 Investment freedom 45 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 53 2024 index points
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