Labor market, S1 - Firing costs in Vietnam
Vietnam: Labor market, S1 - Firing costs was 0.4827 in 2014. ▼ Falling
Labor market, S1 - Firing costs in Vietnam, 1973–2014
Source: International Monetary Fund.
Analysis
In 2014, labor market, s1 - firing costs in Vietnam stood at 0.4827. That is the lowest value across all 42 years on record.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, labor market, s1 - firing costs in Vietnam peaked at 0.699 in 1973 and was at its lowest, 0.4827, in 1995.
That places Vietnam 76th out of 90 countries with data for 2014, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, S1 - Firing costs in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.699 | — |
| 1974 | 0.699 | +0.0% |
| 1975 | 0.699 | +0.0% |
| 1976 | 0.699 | +0.0% |
| 1977 | 0.699 | +0.0% |
| 1978 | 0.699 | +0.0% |
| 1979 | 0.699 | +0.0% |
| 1980 | 0.699 | +0.0% |
| 1981 | 0.699 | +0.0% |
| 1982 | 0.699 | +0.0% |
| 1983 | 0.699 | +0.0% |
| 1984 | 0.699 | +0.0% |
| 1985 | 0.699 | +0.0% |
| 1986 | 0.699 | +0.0% |
| 1987 | 0.699 | +0.0% |
| 1988 | 0.699 | +0.0% |
| 1989 | 0.699 | +0.0% |
| 1990 | 0.699 | +0.0% |
| 1991 | 0.576 | -17.6% |
| 1992 | 0.5438 | -5.6% |
| 1993 | 0.5438 | +0.0% |
| 1994 | 0.5438 | +0.0% |
| 1995 | 0.4827 | -11.2% |
| 1996 | 0.4827 | +0.0% |
| 1997 | 0.4827 | +0.0% |
| 1998 | 0.4827 | +0.0% |
| 1999 | 0.4827 | +0.0% |
| 2000 | 0.4827 | +0.0% |
| 2001 | 0.4827 | +0.0% |
| 2002 | 0.4827 | +0.0% |
| 2003 | 0.4827 | +0.0% |
| 2004 | 0.4827 | +0.0% |
| 2005 | 0.4827 | +0.0% |
| 2006 | 0.4827 | +0.0% |
| 2007 | 0.4827 | +0.0% |
| 2008 | 0.4827 | +0.0% |
| 2009 | 0.4827 | +0.0% |
| 2010 | 0.4827 | +0.0% |
| 2011 | 0.4827 | +0.0% |
| 2012 | 0.4827 | +0.0% |
| 2013 | 0.4827 | +0.0% |
| 2014 | 0.4827 | +0.0% |
Vietnam compared with similar countries
- Vietnam's 0.4827 is below the median for upper middle income countries, which is 0.5801, 83% of the median. (28 countries reporting)
- Vietnam's 0.4827 is below the median for East Asia & Pacific, which is 0.6113, 79% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.699 | 0.699 | 0.699 | 7 |
| 1980s | 0.699 | 0.699 | 0.699 | 10 |
| 1990s | 0.532 | 0.4827 | 0.699 | 10 |
| 2000s | 0.4827 | 0.4827 | 0.4827 | 10 |
| 2010s | 0.4827 | 0.4827 | 0.4827 | 5 |
Countries ranked near Vietnam
More work & labour data for Vietnam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
Frequently asked questions
- What is labor market, s1 - firing costs in Vietnam?
- Labor market, s1 - firing costs in Vietnam was 0.4827 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - firing costs recorded in Vietnam?
- The highest recorded value was 0.699 in 1973.
- What is the lowest labor market, s1 - firing costs recorded in Vietnam?
- The lowest recorded value was 0.4827 in 1995.
- How does Vietnam rank for labor market, s1 - firing costs?
- Vietnam ranks 76th out of 90 countries with data for 2014.
- Is labor market, s1 - firing costs rising or falling in Vietnam?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Vietnam 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.