Somalia: Legal rights

* indicates monthly or quarterly data series
 Somalia

Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)

 Latest value 0.00
 Year 2019
 Measure points
 Data availability 2015 - 2019
 Average 0.00
 Min - Max 0.00 - 0.00
 Source The World Bank
For that indicator, we provide data for Somalia from 2015 to 2019. The average value for Somalia during that period was 0 points with a minimum of 0 points in 2015 and a maximum of 0 points in 2015. The latest value from 2019 is 0 points. For comparison, the world average in 2019 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.
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* indicates monthly or quarterly data series


Recent values chart
Somalia - Legal rights - Recent values chart




The index of legal right for creditors and borrowers in Somalia 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.

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 Related indicators Latest value Reference Measure
 Lending interest rate 33.67 1988 percent
 Real interest rate -18.46 1988 percent
 Legal rights 0.00 2019 points
 Credit information sharing 0.00 2019 points
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