Saint Lucia: Labor freedom

* indicates monthly or quarterly data series
 Saint Lucia

Labor freedom index (0-100)

 Latest value 58
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 73
 Min - Max 57 - 85
 Source The Heritage Foundation
For that indicator, we provide data for Saint Lucia from 2009 to 2024. The average value for Saint Lucia during that period was 73 points with a minimum of 57 points in 2023 and a maximum of 85 points in 2014. 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
Saint Lucia - Labor freedom - Recent values chart

Historical chart
Saint Lucia - Labor freedom - historical chart - 2009-2024

The Labor Freedom index for Saint Lucia from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Saint Lucia, 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 67 2024 points
 Freedom from corruption 58 2024 points
 Fiscal freedom 29 2024 points
 Business freedom 70 2024 points
 Labor freedom 58 2024 points
 Monetary freedom 75.90 2024 points
 Trade freedom 60 2024 points
 Investment freedom 60 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 62 2024 index points
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