Labor market, S1 - Firing costs in United Kingdom
United Kingdom: Labor market, S1 - Firing costs was 0.8448 in 2014. ▬ Flat
Labor market, S1 - Firing costs in United Kingdom, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, s1 - firing costs in United Kingdom is 0.8448, measured in 2014.
That represents a change of unchanged over ten years.
Over the whole period, labor market, s1 - firing costs in United Kingdom peaked at 0.8534 in 1973 and was at its lowest, 0.8146, in 1990.
That places United Kingdom 22nd out of 90 countries with data for 2014, putting it in the top quarter.
Labor market, S1 - Firing costs in United Kingdom, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.8534 | — |
| 1974 | 0.8534 | +0.0% |
| 1975 | 0.8534 | +0.0% |
| 1976 | 0.8534 | +0.0% |
| 1977 | 0.8534 | +0.0% |
| 1978 | 0.8367 | -2.0% |
| 1979 | 0.8367 | +0.0% |
| 1980 | 0.8367 | +0.0% |
| 1981 | 0.8367 | +0.0% |
| 1982 | 0.8367 | +0.0% |
| 1983 | 0.8367 | +0.0% |
| 1984 | 0.8367 | +0.0% |
| 1985 | 0.8367 | +0.0% |
| 1986 | 0.8367 | +0.0% |
| 1987 | 0.8367 | +0.0% |
| 1988 | 0.8367 | +0.0% |
| 1989 | 0.8367 | +0.0% |
| 1990 | 0.8146 | -2.6% |
| 1991 | 0.8146 | +0.0% |
| 1992 | 0.8146 | +0.0% |
| 1993 | 0.8146 | +0.0% |
| 1994 | 0.8146 | +0.0% |
| 1995 | 0.8146 | +0.0% |
| 1996 | 0.8146 | +0.0% |
| 1997 | 0.8448 | +3.7% |
| 1998 | 0.8448 | +0.0% |
| 1999 | 0.8448 | +0.0% |
| 2000 | 0.8448 | +0.0% |
| 2001 | 0.8448 | +0.0% |
| 2002 | 0.8448 | +0.0% |
| 2003 | 0.8448 | +0.0% |
| 2004 | 0.8448 | +0.0% |
| 2005 | 0.8448 | +0.0% |
| 2006 | 0.8448 | +0.0% |
| 2007 | 0.8448 | +0.0% |
| 2008 | 0.8448 | +0.0% |
| 2009 | 0.8448 | +0.0% |
| 2010 | 0.8448 | +0.0% |
| 2011 | 0.8448 | +0.0% |
| 2012 | 0.8448 | +0.0% |
| 2013 | 0.8448 | +0.0% |
| 2014 | 0.8448 | +0.0% |
United Kingdom compared with similar countries
- United Kingdom's 0.8448 is above the median for high income countries, which is 0.7347, 1.1× the median. (37 countries reporting)
- United Kingdom's 0.8448 is above the median for Europe & Central Asia, which is 0.6949, 1.2× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8487 | 0.8367 | 0.8534 | 7 |
| 1980s | 0.8367 | 0.8367 | 0.8367 | 10 |
| 1990s | 0.8237 | 0.8146 | 0.8448 | 10 |
| 2000s | 0.8448 | 0.8448 | 0.8448 | 10 |
| 2010s | 0.8448 | 0.8448 | 0.8448 | 5 |
Countries ranked near United Kingdom
More work & labour data for United Kingdom
- Persons outside the labour force (ILO modelled estimates) 22,956 (2027)
- Labour force participation rate (ILO modelled estimates) 60.91 (2027)
- Labour force (ILO modelled estimates) 35,770 (2027)
- Unemployment rate (ILO modelled estimates) 4.93 (2027)
- Labour dependency ratio 1.07 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 111,361 (2027)
- Output per worker, GDP constant 2015 US $ 100,223 (2027)
- Employment-to-population ratio (ILO modelled estimates) 57.91 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.47 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.4352 % change on previous year (2027)
Frequently asked questions
- What is labor market, s1 - firing costs in United Kingdom?
- Labor market, s1 - firing costs in United Kingdom was 0.8448 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - firing costs recorded in United Kingdom?
- The highest recorded value was 0.8534 in 1973.
- What is the lowest labor market, s1 - firing costs recorded in United Kingdom?
- The lowest recorded value was 0.8146 in 1990.
- How does United Kingdom rank for labor market, s1 - firing costs?
- United Kingdom ranks 22nd out of 90 countries with data for 2014.
- Is labor market, s1 - firing costs rising or falling in United Kingdom?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this United Kingdom 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.