Sweden: Labor freedom

* indicates monthly or quarterly data series

Labor freedom index (0-100)

 Latest value 66
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 58
 Min - Max 53 - 66
 Source The Heritage Foundation
For that indicator, we provide data for Sweden from 2005 to 2024. The average value for Sweden during that period was 58 points with a minimum of 53 points in 2014 and a maximum of 66 points in 2023. The latest value from 2024 is 66 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
Sweden - Labor freedom - Recent values chart

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

The Labor Freedom index for Sweden from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Sweden, 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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 Related indicators Latest value Reference Measure
 Property rights 96 2024 points
 Freedom from corruption 93 2024 points
 Fiscal freedom 97 2024 points
 Business freedom 85 2024 points
 Labor freedom 66 2024 points
 Monetary freedom 74.40 2024 points
 Trade freedom 79 2024 points
 Investment freedom 85 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 78 2024 index points
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