Uruguay: Labor freedom

* indicates monthly or quarterly data series

Labor freedom index (0-100)

 Latest value 61
 Year 2023
 Measure points
 Data availability 2005 - 2023
 Average 70
 Min - Max 60 - 76
 Source The Heritage Foundation
For that indicator, we provide data for Uruguay from 2005 to 2023. The average value for Uruguay during that period was 70 points with a minimum of 60 points in 2022 and a maximum of 76 points in 2005. The latest value from 2023 is 61 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.
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* indicates monthly or quarterly data series

Recent values chart
Uruguay - Labor freedom - recent values

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

The Labor Freedom index for Uruguay from the Heritage Foundation reflects the various aspects of the legal and regulatory framework of the labor market in Uruguay, 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 84 2023 points
 Freedom from corruption 77 2023 points
 Fiscal freedom 73 2023 points
 Business freedom 80 2023 points
 Labor freedom 61 2023 points
 Monetary freedom 71.80 2023 points
 Trade freedom 71 2023 points
 Investment freedom 70 2023 points
 Financial freedom 30 2023 points
 Economic freedom, overall index 70 2023 index points
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