Singapore: Labor freedom

* indicates monthly or quarterly data series
 Singapore

Labor freedom index (0-100)

 Latest value 77
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 92
 Min - Max 77 - 99
 Source The Heritage Foundation
For that indicator, we provide data for Singapore from 2005 to 2024. The average value for Singapore during that period was 92 points with a minimum of 77 points in 2022 and a maximum of 99 points in 2010. The latest value from 2024 is 77 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.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Singapore - Labor freedom - Recent values chart

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




The Labor Freedom index for Singapore from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Singapore, 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 articles

Stages of economic development

Unemployment: structural, frictional, and cyclical



 Related indicators Latest value Reference Measure
 Property rights 94 2024 points
 Freedom from corruption 88 2024 points
 Fiscal freedom 76 2024 points
 Business freedom 87 2024 points
 Labor freedom 77 2024 points
 Monetary freedom 76.30 2024 points
 Trade freedom 95 2024 points
 Investment freedom 90 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 84 2024 index points
This site uses cookies.
Learn more here


OK