Laos: Property rights

* indicates monthly or quarterly data series

Property rights index (0-100)

 Latest value 42
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 19
 Min - Max 10 - 43
 Source The Heritage Foundation
For that indicator, we provide data for Laos from 1996 to 2023. The average value for Laos during that period was 19 points with a minimum of 10 points in 1996 and a maximum of 43 points in 2020. The latest value from 2023 is 42 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.
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* indicates monthly or quarterly data series

Recent values chart
Laos - Property rights - recent values

Historical chart
Laos - Property rights - historical chart - 1996-2023

The property rights index for Laos 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 Laos 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.

 Related indicators Latest value Reference Measure
 Property rights 42 2023 points
 Freedom from corruption 21 2023 points
 Fiscal freedom 55 2023 points
 Business freedom 57 2023 points
 Labor freedom 45 2023 points
 Monetary freedom 72.30 2023 points
 Trade freedom 67 2023 points
 Investment freedom 35 2023 points
 Financial freedom 20 2023 points
 Economic freedom, overall index 50 2023 index points
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