Somalia: Legal rights

* indicates monthly or quarterly data series

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

 Latest value 0
 Year 2020
 Measure points
 Data availability 2016 - 2020
 Average 0
 Min - Max 0 - 0
 Source The World Bank
For that indicator, we provide data for Somalia from 2016 to 2020. The average value for Somalia during that period was 0 points with a minimum of 0 points in 2016 and a maximum of 0 points in 2016. The latest value from 2020 is 0 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.
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* indicates monthly or quarterly data series

Recent values chart
Somalia - Legal rights - recent values

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.

 Related indicators Latest value Reference Measure
 Lending interest rate 33.67 1988 percent
 Real interest rate -21.30 1988 percent
 Legal rights 0.00 2020 points
 Credit information sharing 0.00 2019 points
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