International Property Rights Index 2024
I was honored to present the 2024 International Property Rights Index (IPRI) during this year’s launch. The IPRI is a premier global index that ranks the strength of property rights – both physical and intellectual – alongside the legal and political environments that support them. It assesses property rights in 125 countries, covering 93.4% of the global population and accounting for 97.5% of the world’s GDP. The Index is produced by the Property Rights Alliance, an international coalition of 131 think tanks across 73 countries, including Competere.
Read my analysis on the value of IP-based economies vs. fast Followers in English or Italian.
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Key Findings
- Global Average IPRI Score 2024: The score stands at 5.18, marking a slight 0.53% decrease from the previous year (Max: 8.1; Min: 1.9). This trend highlights growing challenges in maintaining property rights, crucial for economic progress.
- Intellectual Property Rights (IPR) Protection: There has been a modest 0.19% improvement, indicating heightened attention to safeguarding intangible assets, which are vital for attracting investment.
- Legal and Political Environment (LP): This remains the weakest area, with a score of 4.98 and a 1.5% decline, pointing to ongoing instability that could hinder investment.
- Physical Property Rights (PPR): The score dropped to 5.21, a decrease of 0.31%, reflecting persistent challenges in securing physical assets essential for business growth and asset security.
Globally, 83% of the population resides in 80 countries with IPRI scores ranging from 2.9 to 5.7, indicating moderate protections with significant room for improvement.
The top five countries for property rights protection are Finland (8.1), Singapore (7.94), Denmark (7.774), the Netherlands (7.773), and New Zealand (7.66).
The bottom five countries are Venezuela (1.9), Yemen (2.4), Haiti (2.6), the Democratic Republic of the Congo (3.0), and Chad (3.0).
