Philippines: Property rights

* indicates monthly or quarterly data series

Property rights index (0-100)

 Latest value 46
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 44
 Min - Max 30 - 70
 Source The Heritage Foundation
For that indicator, we provide data for the Philippines from 1995 to 2023. The average value for the Philippines during that period was 44 points with a minimum of 30 points in 2004 and a maximum of 70 points in 1996. The latest value from 2023 is 46 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
Philippines - Property rights - recent values

Historical chart
Philippines - Property rights - historical chart - 1995-2023

The property rights index for the Philippines 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 the Philippines 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 46 2023 points
 Freedom from corruption 34 2023 points
 Fiscal freedom 59 2023 points
 Business freedom 66 2023 points
 Labor freedom 58 2023 points
 Monetary freedom 68.30 2023 points
 Trade freedom 74 2023 points
 Investment freedom 60 2023 points
 Financial freedom 60 2023 points
 Economic freedom, overall index 59 2023 index points
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