The 2017 International Property Rights Index is the 11th of its kind and serves as a barometer for the status of property rights, ranking the strength of both physical and intellectual property rights in countries around the world.
The IPRI is built up from 10 factors, gathered under three components: the Legal and Political Environment (LP), Physical Property Rights (PPR), and Intellectual Property Rights (IPR). The overall grading scale of the IPRI is [0-10], where 10 is the highest value and 0 is the lowest value in each category.
In 2017, on average, the complete sample yielded an IPRI score of 5.6336. At the top of the IPRI 2017 ranking leads New Zealand with an overall score of 8.6335 followed by Finland (8.6257) and Sweden (8.6084).
The IPRI not only ranked single countries but also grouped them according to criteria like their relevant geographical regions, income levels, degree of development etc. Here North America (8.126) and Western Europe (7.664) are to find at the top positions. All regions according to the World Bank geographical classification, improved their score with exception of the non EU European countries who declined by 0.124 compared to last year’s score. The strongest improvement was achieved by Central America and the Caribbean who increased there score by 10.25%.
This year’s sample of 127 countries has a population of 6.87 billion people, with 68% of the population residing in 66 countries that tolerate weak middle-of-the-road IPRI ratings [4.5-6.4]. The highest level of property right protections [6.5-9.4] are enjoyed by only 15.2% of the population in 34 countries, and 14% of the population live in 27 countries with the lowest levels [2.5-4.4] of property rights.
Although organized by countries, the IPRI measures the property right protections of people, so its gender component grasps possible bias due to this condition. The Gender Equality (GE) scores were calculated on scale of 0-10, using five indicators: women’s access to land, to credit, to property other than land, local inheritance practices and woman’s social rights. While the world average GE score has improved in the time between 2015 and 2016, from 7.39 to 7.466, it drastically dropped below both this values in 2017 to a score of only 7.118.
Including the GE scale as an 11th component into the existing IPRI, results in the IPRI-GE [0-12]. New Zealand (10.628) Finland (10.62) and Sweden (10.61) also take the top three spots on this combined IPRI-GE scale. The geographical regions with the highest IPRI-GE score are North America (10.121) and Western Europe (9.655). The CIS countries show a relatively high GE score (8.422) but the IPRI score (3.980) pulls down the IPRI-GE.
The IPRI is a publication of Property Rights Alliance.
For more information please contact: Lorenzo Montanari
lmontanari [at] propertyrightsalliance.org