Micronesia: Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)
For that indicator, we provide data for Micronesia from 2013 to 2019. The average value for Micronesia during that period was 10 points with a minimum of 10 points in 2013 and a maximum of 10 points in 2013.
The latest value from 2019 is 10 points. For comparison, the world average in 2019 based on 186
countries is 5.72 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The index of legal right for creditors and borrowers in Micronesia 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.