Tonga: Legal rights

The latest value from 2019 is 10 points, unchanged from 10 points in 2018. In comparison, the world average is 5.69 points, based on data from 186 countries. Historically, the average for Tonga from 2013 to 2019 is 10 points. The minimum value, 10 points, was reached in 2013 while the maximum of 10 points was recorded in 2013. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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