Labor Freedom Index

Europe Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1 ↑	Denmark	92	2015	37
2 ↓	Switzerland	87	2014	1	88
3 ↑	Austria	78	2022	9	68
4 ↑	Belarus	75	2020	6	73
5 ↑	Italy	74	2007	37
5 ↑	Lithuania	74	2021	21	60
7 ↑	Bulgaria	69	2021	9	68
8 ↑	Cyprus	66	2022	16	61
9 ↑	Romania	65	2019	14	63
9 ↓	Hungary	65	2020	8	69
11 ↑	Slovenia	63	2022	16	61
12 ↑	Spain	62	2022	29	52
12 ↑	Iceland	62	2018	14	63
12 ↓	Georgia	62	2022	2	77
12 ↓	United Kingdom	62	2022	6	73
12 ↑	Malta	62	2022	23	57
17 ↓	Belgium	61	2021	16	61
17 ↓	Ireland	61	2022	4	75
17 ↑	Estonia	61	2022	22	58
17 ↑	Greece	61	2022	30	50
17 ↑	Ukraine	61	2022	31	48
22 ↓	Bosnia and Herzegovina	60	2022	9	68
22 ↓	Netherlands	60	2019	12	66
24 ↓	Latvia	59	2012	16	61
25 ↓	Czech Republic	57	2022	2	77
25	Slovakia	57	2022	25	53
25 ↑	Montenegro	57	2009	37
28 ↓	Macedonia	54	2022	13	65
28 ↓	Sweden	54	2018	25	53
28 ↓	Angola	54	2022	16	61
31 ↓	Germany	52	2022	25	53
31 ↓	Albania	52	2021	25	53
33 ↓	Norway	49	2016	31	48
34 ↓	Armenia	47	2022	4	75
35	Moldova	46	2022	35	39
35	Luxembourg	46	2021	35	39
37 ↓	Croatia	44	2021	33	44
37 ↓	France	44	2015	23	57
39 ↓	Portugal	43	2008	34	42

Definition of Labor Freedom Index

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.