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 |
The latest value from 2019 is 0 points, unchanged from 0 points in 2018. In comparison, the world average is 5.69 points, based on data from 186 countries. Historically, the average for Somalia from 2015 to 2019 is 0 points. The minimum value, 0 points, was reached in 2015 while the maximum of 0 points was recorded in 2015.
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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 | 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 |