For that indicator, we provide data for Saint Vincent and the Grenadines from 2014 to 2020. The average value for Saint Vincent and the Grenadines during that period was 5 points with a minimum of 5 points in 2014 and a maximum of 5 points in 2014.
The latest value from 2020 is 5 points. For comparison, the world average in 2020 based on 186
countries is 5.69 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 Saint Vincent and the Grenadines ranges from 0 (no rights) to 12 (strong rights). Stronger legal rights such as efficient bankruptcy procedures, rules for financial disclosure, clear property rights, etc. facilitate lending.
Definition: The strength of legal rights index measures whether certain features that facilitate lending exist within the applicable collateral and bankruptcy laws. The index ranges from 0 to 12 based on the methodology in the Doing Business 15-20 studies.