Micronesia: Property rights

* indicates monthly or quarterly data series

Property rights index (0-100)

 Latest value 58
 Year 2023
 Measure points
 Data availability 2009 - 2023
 Average 29
 Min - Max 5 - 58
 Source The Heritage Foundation
For that indicator, we provide data for Micronesia from 2009 to 2023. The average value for Micronesia during that period was 29 points with a minimum of 5 points in 2018 and a maximum of 58 points in 2023. The latest value from 2023 is 58 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
Micronesia - Property rights - recent values

Historical chart
Micronesia - Property rights - historical chart - 2009-2023

The property rights index for Micronesia 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 Micronesia 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 58 2023 points
 Freedom from corruption 62 2023 points
 Fiscal freedom 100 2023 points
 Business freedom 53 2023 points
 Labor freedom 82 2023 points
 Monetary freedom 81.50 2023 points
 Trade freedom 75 2023 points
 Investment freedom 35 2023 points
 Financial freedom 30 2023 points
 Economic freedom, overall index 63 2023 index points
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