European Union - Strength of legal rights index

Strength of legal rights index (0=weak to 12=strong)

The value for Strength of legal rights index (0=weak to 12=strong) in European Union was 5.63 as of 2019. As the graph below shows, over the past 6 years this indicator reached a maximum value of 5.63 in 2019 and a minimum value of 5.30 in 2013.

Definition: Strength of legal rights index measures the degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders and thus facilitate lending. The index ranges from 0 to 12, with higher scores indicating that these laws are better designed to expand access to credit.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2013 5.30
2014 5.48
2015 5.48
2016 5.48
2017 5.48
2018 5.63
2019 5.63

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment