Upper middle income - 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 Upper middle income was 6.27 as of 2019. As the graph below shows, over the past 6 years this indicator reached a maximum value of 6.27 in 2019 and a minimum value of 4.80 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 4.80
2014 5.08
2015 5.33
2016 5.43
2017 5.76
2018 5.94
2019 6.27

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment