Micronesia: Property rights

The latest value from 2024 is 65 points, an increase from 58 points in 2023. In comparison, the world average is 54 points, based on data from 180 countries. Historically, the average for Micronesia from 2009 to 2024 is 32 points. The minimum value, 5 points, was reached in 2018 while the maximum of 65 points was recorded in 2024. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.