Taiwan: Labor freedom

* indicates monthly or quarterly data series

Labor freedom index (0-100)

 Latest value 69
 Year 2023
 Measure points
 Data availability 2005 - 2023
 Average 54
 Min - Max 46 - 69
 Source The Heritage Foundation
For that indicator, we provide data for Taiwan from 2005 to 2023. The average value for Taiwan during that period was 54 points with a minimum of 46 points in 2005 and a maximum of 69 points in 2022. The latest value from 2023 is 69 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.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Taiwan - Labor freedom - recent values

Historical chart
Taiwan - Labor freedom - historical chart - 2005-2023

The Labor Freedom index for Taiwan from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Taiwan, 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 82 2023 points
 Freedom from corruption 76 2023 points
 Fiscal freedom 94 2023 points
 Business freedom 84 2023 points
 Labor freedom 69 2023 points
 Monetary freedom 82.50 2023 points
 Trade freedom 86 2023 points
 Investment freedom 70 2023 points
 Financial freedom 60 2023 points
 Economic freedom, overall index 81 2023 index points
This site uses cookies.
Learn more here