Euro area - 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 Euro area was 4.84 as of 2019. As the graph below shows, over the past 6 years this indicator reached a maximum value of 4.84 in 2019 and a minimum value of 4.63 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:

2013
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2019
2019
0.00
1.00
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Year Value
2013 4.63
2014 4.63
2015 4.63
2016 4.63
2017 4.63
2018 4.84
2019 4.84

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment