Labor market, S1 - Firing costs in Hong Kong, China
Hong Kong, China: Labor market, S1 - Firing costs was 0.5827 in 2014. ▼ Falling
Labor market, S1 - Firing costs in Hong Kong, China, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, s1 - firing costs in Hong Kong, China is 0.5827, measured in 2014. That is the lowest value across all 42 years on record.
The figure is unchanged over ten years.
Over the whole period, labor market, s1 - firing costs in Hong Kong, China peaked at 0.8852 in 1973 and was at its lowest, 0.5827, in 1997.
That places Hong Kong, China 62nd out of 90 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, S1 - Firing costs in Hong Kong, China, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.8852 | — |
| 1974 | 0.8852 | +0.0% |
| 1975 | 0.7712 | -12.9% |
| 1976 | 0.7712 | +0.0% |
| 1977 | 0.7712 | +0.0% |
| 1978 | 0.7712 | +0.0% |
| 1979 | 0.7712 | +0.0% |
| 1980 | 0.7712 | +0.0% |
| 1981 | 0.7712 | +0.0% |
| 1982 | 0.7712 | +0.0% |
| 1983 | 0.7712 | +0.0% |
| 1984 | 0.7712 | +0.0% |
| 1985 | 0.7712 | +0.0% |
| 1986 | 0.6276 | -18.6% |
| 1987 | 0.6276 | +0.0% |
| 1988 | 0.6276 | +0.0% |
| 1989 | 0.6276 | +0.0% |
| 1990 | 0.6276 | +0.0% |
| 1991 | 0.6276 | +0.0% |
| 1992 | 0.6276 | +0.0% |
| 1993 | 0.6276 | +0.0% |
| 1994 | 0.6276 | +0.0% |
| 1995 | 0.6276 | +0.0% |
| 1996 | 0.6276 | +0.0% |
| 1997 | 0.5827 | -7.2% |
| 1998 | 0.5827 | +0.0% |
| 1999 | 0.5827 | +0.0% |
| 2000 | 0.5827 | +0.0% |
| 2001 | 0.5827 | +0.0% |
| 2002 | 0.5827 | +0.0% |
| 2003 | 0.5827 | +0.0% |
| 2004 | 0.5827 | +0.0% |
| 2005 | 0.5827 | +0.0% |
| 2006 | 0.5827 | +0.0% |
| 2007 | 0.5827 | +0.0% |
| 2008 | 0.5827 | +0.0% |
| 2009 | 0.5827 | +0.0% |
| 2010 | 0.5827 | +0.0% |
| 2011 | 0.5827 | +0.0% |
| 2012 | 0.5827 | +0.0% |
| 2013 | 0.5827 | +0.0% |
| 2014 | 0.5827 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8037 | 0.7712 | 0.8852 | 7 |
| 1980s | 0.7137 | 0.6276 | 0.7712 | 10 |
| 1990s | 0.6141 | 0.5827 | 0.6276 | 10 |
| 2000s | 0.5827 | 0.5827 | 0.5827 | 10 |
| 2010s | 0.5827 | 0.5827 | 0.5827 | 5 |
Countries ranked near Hong Kong, China
More work & labour data for Hong Kong, China
- Persons outside the labour force (ILO modelled estimates) 2,981 (2027)
- Labour force participation rate (ILO modelled estimates) 55.13 (2027)
- Labour force (ILO modelled estimates) 3,663 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 149,185 (2027)
- Output per worker, GDP constant 2015 US $ 100,833 (2027)
- Employment-to-population ratio (ILO modelled estimates) 53.6 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.56 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -1.12 % change on previous year (2027)
- Legislation on sexual harassment in employment 1 (1=yes; 0=no) (2023)
- Criminal sanctions or compensation for workplace sexual harassment 1 (1=yes; 0=no) (2023)
Frequently asked questions
- What is labor market, s1 - firing costs in Hong Kong, China?
- Labor market, s1 - firing costs in Hong Kong, China was 0.5827 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - firing costs recorded in Hong Kong, China?
- The highest recorded value was 0.8852 in 1973.
- What is the lowest labor market, s1 - firing costs recorded in Hong Kong, China?
- The lowest recorded value was 0.5827 in 1997.
- How does Hong Kong, China rank for labor market, s1 - firing costs?
- Hong Kong, China ranks 62nd out of 90 countries with data for 2014.
- Is labor market, s1 - firing costs rising or falling in Hong Kong, China?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Hong Kong, China data come from?
- The figures come from International Monetary Fund, published as part of Labor market, S1 - Firing costs. Statizoid updates them automatically from the source API.
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.