Trinidad and Tobago: Property rights index (0-100)
For that indicator, The Heritage Foundation provides data for Trinidad and Tobago from 1996 to 2019. The average value for Trinidad and Tobago during that period was 66 points with a minimum of 50 points in 2010 and a maximum of 90 points in 1996.
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The property rights index for Trinidad and Tobago from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Trinidad and Tobago as well as the extent of corruption in the judiciary and the enforcement of contracts.
Definition: The property rights index measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws. It also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts. Higher index values denote more certain legal protection of property.