Turkmenistan: Labor freedom

* indicates monthly or quarterly data series

Labor freedom index (0-100)

 Latest value 30
 Year 2024
 Measure points
 Data availability 2005 - 2024
 Average 27
 Min - Max 20 - 31
 Source The Heritage Foundation
For that indicator, we provide data for Turkmenistan from 2005 to 2024. The average value for Turkmenistan during that period was 27 points with a minimum of 20 points in 2015 and a maximum of 31 points in 2022. The latest value from 2024 is 30 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
Turkmenistan - Labor freedom - Recent values chart

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

The Labor Freedom index for Turkmenistan from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Turkmenistan, 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 18 2024 points
 Freedom from corruption 8 2024 points
 Fiscal freedom 100 2024 points
 Business freedom 37 2024 points
 Labor freedom 30 2024 points
 Monetary freedom 67.40 2024 points
 Trade freedom 74 2024 points
 Investment freedom 10 2024 points
 Financial freedom 10 2024 points
 Economic freedom, overall index 46 2024 index points
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