Lower 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 Lower middle income was 5.69 as of 2019. As the graph below shows, over the past 6 years this indicator reached a maximum value of 5.69 in 2019 and a minimum value of 4.22 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 | 4.22 |
| 2014 | 4.27 |
| 2015 | 4.49 |
| 2016 | 4.64 |
| 2017 | 5.20 |
| 2018 | 5.42 |
| 2019 | 5.69 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
