Serbia: Labor freedom

* indicates monthly or quarterly data series
 Serbia

Labor freedom index (0-100)

 Latest value 68
 Year 2023
 Measure points
 Data availability 2009 - 2023
 Average 68
 Min - Max 63 - 72
 Source The Heritage Foundation
For that indicator, we provide data for Serbia from 2009 to 2023. The average value for Serbia during that period was 68 points with a minimum of 63 points in 2022 and a maximum of 72 points in 2010. The latest value from 2023 is 68 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
Serbia - Labor freedom - recent values

Historical chart
Serbia - Labor freedom - historical chart - 2009-2023




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.


 Related indicators Latest value Reference Measure
 Property rights 59 2023 points
 Freedom from corruption 38 2023 points
 Fiscal freedom 74 2023 points
 Business freedom 74 2023 points
 Labor freedom 68 2023 points
 Monetary freedom 78.60 2023 points
 Trade freedom 76 2023 points
 Investment freedom 70 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 64 2023 index points
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