Guyana: Legal rights

(measure: points; Source: The World Bank)
* indicates monthly or quarterly data series

Guyana: Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)

: For that indicator, we provide data for Guyana from 2013 to 2019. The average value for Guyana during that period was 3 points with a minimum of 3 points in 2013 and a maximum of 3 points in 2013. The latest value from 2019 is 3 points. For comparison, the world average in 2019 based on 186 countries is 5.71 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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The index of legal right for creditors and borrowers in Guyana ranges from 0 (no rights) to 10 (strong rights). Stronger legal rights such as efficient bankruptcy procedures, rules for financial disclosure, clear property rights, etc. facilitate lending.

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.
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