For that indicator, we provide data for Colombia from 1995 to 2023. The average value for Colombia during that period was 47 points with a minimum of 30 points in 2002 and a maximum of 64 points in 2017.
The latest value from 2023 is 45 points. For comparison, the world average in 2023 based on 180
countries is 54 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The property rights index for Colombia from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Colombia as well as the extent of corruption in the judiciary and the enforcement of contracts.
Definition: The property rights index measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws. It also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts. Higher index values denote more certain legal protection of property.