Slovakia: Labor freedom

* indicates monthly or quarterly data series
 Slovakia

Labor freedom index (0-100)

 Latest value 58
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 63
 Min - Max 52 - 77
 Source The Heritage Foundation
For that indicator, we provide data for Slovakia from 2005 to 2024. The average value for Slovakia during that period was 63 points with a minimum of 52 points in 2021 and a maximum of 77 points in 2006. 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.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Slovakia - Labor freedom - Recent values chart

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




The Labor Freedom index for Slovakia from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Slovakia, 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 85 2024 points
 Freedom from corruption 56 2024 points
 Fiscal freedom 64 2024 points
 Business freedom 76 2024 points
 Labor freedom 58 2024 points
 Monetary freedom 66.10 2024 points
 Trade freedom 79 2024 points
 Investment freedom 75 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 68 2024 index points
This site uses cookies.
Learn more here


OK