International Property Rights Index 2017 Report
Property is the substance of a free society. Countries that allow and protect private property rights have greater prosperity.
Property rights are critical to the exercise of to individual liberty and economic freedom. A strong property rights system, as shown by the correlations with the Index, is conducive to fostering economic growth, human capabilities, research and innovation, environmental performance, and the creation of social capital. Property rights are a key ingredient for the prosperity of society. The Property Rights Alliance developed the International Property Rights Index (IPRI) worked with 111 think tanks and policy organizations in 72 countries to compile case studies, conduct research, formulate public policy, and educate the public on the important role property rights play in their countries. IPRI serves as a barometer for the status of property rights, ranking the strength of both physical and intellectual property rights in countries around the world.
The 2017 IPRI ranks a total of 127 countries determined solely by the availability of sufficient data. New Zealand had the highest degree of property rights Finland ranking second in the 2017-IPRI and Sweden , Switzerland, and Norway. The United States of America ranked 14th. Yemen ranks dead last in the 2017-IPRI, with Venezuela coming in second to last.