Serbia: Labor freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

Serbia: Labor freedom index (0-100)

: For that indicator, The Heritage Foundation provides data for Serbia from 2009 to 2019. The average value for Serbia during that period was 69 points with a minumum of 66 points in 2016 and a maximum of 72 points in 2010. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Labor Freedom index for Serbia from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Serbia, 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.
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