Eritrea: Legal rights
* indicates monthly or quarterly data series
Eritrea |
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong) |
---|---|
Latest value | 0.00 |
Year | 2019 |
Measure | points |
Data availability | 2013 - 2019 |
Average | 0.00 |
Min - Max | 0.00 - 0.00 |
Source | The World Bank |
The latest value from 2019 is 0 points, unchanged from 0 points in 2018. In comparison, the world average is 5.69 points, based on data from 186 countries. Historically, the average for Eritrea from 2013 to 2019 is 0 points. The minimum value, 0 points, was reached in 2013 while the maximum of 0 points was recorded in 2013.
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Recent data
The index of legal right for creditors and borrowers in Eritrea ranges from 0 (no rights) to 12 (strong rights). Stronger legal rights such as efficient bankruptcy procedures, rules for financial disclosure, clear property rights, etc. facilitate lending.
Definition: The strength of legal rights index measures whether certain features that facilitate lending exist within the applicable collateral and bankruptcy laws. The index ranges from 0 to 12 based on the methodology in the Doing Business 15-20 studies.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Bank credit to deposits | 14.38 | 2014 | percent |
Legal rights | 0.00 | 2019 | points |
Credit information sharing | 0.00 | 2019 | points |