Competere and PRA Launch the 2022 International Property Rights IndexTHE INDEX ON PROPERTY RIGHTS PROTECTION BY THE PROPERTY RIGHTS ALLIANCE

The 2022 International Property Rights Index

The Index on Property Rights Protection study measures how private property is protected in 129 countries, representing 98.12% of global GDP and 93.91% of the world population. The Index is produced by the Property Rights Alliance, an international coalition of 128 think tanks spread over 74 countries, among which is Competere.

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Competere, in partnership with the Property Rights Alliance, an international research and advocacy organization dedicated to protecting and promoting innovation, is proud to release the 16th edition of the International Property Rights Index (IPRI) on September 7th. The Index is the only global, comparative index that ranks the strength of property rights, both physical and intellectual, as well as the legal and political environments that contain them.

Key findings

The average score of the sample of 129 countries in the 2022 IPRI is 5.19 (Max: 8.17; Min: 1.77). 73% of the population considered live in 84 countries with an IPRI between 4.5 and 7.4. More than half of the sample population (51.9%), representing 72% of the population, with middle to low scores in this Index, [3.8-5.7]. 

The three countries that achieved the highest property rights protections are Finland (8.17), Singapore (7.97), and Switzerland (7.94) according to the 2022 Index. Previously, in 2021, New Zealand ranked in the top three countries alongside Singapore and Switzerland. The bottom three spots are taken by Haiti (2.83), Yemen (2.25), and Venezuela (1.77). 

Overall, the average global score of the IPRI, including all its components, continued its downward trend for the fourth year in a row, decreasing by 7.3%. Unfortunately, shows that instead of embracing property rights in the face of unprecedented crises, these rights were instead attacked via government overreach. As a result, the Property Rights Alliance strongly encourages strengthening property rights in order to protect individual liberty and promote innovation. 

The complete dataset with country profiles and a country comparison tool can be found at this link

<< Check out the key findings of IPRI 2021 here >> 

 The authors

The Property Rights Alliance is an association that promotes property rights across the world. International Property Rights Index is a yearly comparative study that aims to quantify the strength of property rights – both physical and intellectual – and to rank countries accordingly. Competere is a member of the PRA and is proud to exclusively present this year’s findings in Italy.

 

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