Protecting minority investors: Strength of investor protection index (0-10) (DB06-14 methodology) by country
The strength of investor protection index is the sum of the extent of disclosure index, extent of director liability index and ease of shareholder suits index. The index is computed based on the methodology in the DB06-14 studies.
What the numbers show
Protecting minority investors: Strength of investor protection index (0-10) (DB06-14 methodology) is currently reported for 190 countries. The highest value is 29 DB06-14 methodology in New Zealand; the lowest is 3 DB06-14 methodology in Afghanistan.
The median across all reporting countries is 16 DB06-14 methodology, and the mean is 15.47 DB06-14 methodology.
The gap between the highest and lowest reporting country is a factor of about 10.
Over the past decade 67 countries rose and 3 fell. The largest increase was in Tajikistan (up 300.0%), and the largest decrease in South Sudan (down 22.2%).
Protecting minority investors: Strength of investor protection index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | New Zealand | 29 DB06-14 methodology | 2013 | unchanged | flat |
| 2 | Singapore | 28 DB06-14 methodology | 2013 | unchanged | flat |
| 3 | Hong Kong, China | 27 DB06-14 methodology | 2013 | unchanged | flat |
| 3 | Malaysia | 27 DB06-14 methodology | 2013 | up 3.8% | flat |
| 5 | Canada | 26 DB06-14 methodology | 2013 | up 4.0% | flat |
| 5 | Ireland | 26 DB06-14 methodology | 2013 | unchanged | flat |
| 7 | Mauritius | 25 DB06-14 methodology | 2013 | unchanged | flat |
| 8 | United States of America | 24.6 DB06-14 methodology | 2013 | down 1.6% | flat |
| 9 | Colombia | 24 DB06-14 methodology | 2013 | up 26.3% | rising |
| 9 | United Kingdom of Great Britain and Northern Ireland | 24 DB06-14 methodology | 2013 | unchanged | flat |
| 9 | Israel | 24 DB06-14 methodology | 2013 | unchanged | flat |
| 9 | Thailand | 24 DB06-14 methodology | 2013 | up 26.3% | rising |
| 9 | South Africa | 24 DB06-14 methodology | 2013 | unchanged | flat |
| 14 | Georgia | 22 DB06-14 methodology | 2013 | up 69.2% | rising |
| 14 | Slovenia | 22 DB06-14 methodology | 2013 | up 15.8% | rising |
| 16 | Albania | 21 DB06-14 methodology | 2013 | up 162.5% | rising |
| 16 | Belgium | 21 DB06-14 methodology | 2013 | unchanged | flat |
| 16 | Bangladesh | 21 DB06-14 methodology | 2013 | unchanged | flat |
| 16 | Japan | 21 DB06-14 methodology | 2013 | unchanged | flat |
| 16 | Mongolia | 21 DB06-14 methodology | 2013 | up 5.0% | flat |
| 16 | Peru | 21 DB06-14 methodology | 2013 | up 23.5% | rising |
| 16 | Puerto Rico | 21 DB06-14 methodology | 2013 | unchanged | flat |
| 23 | Azerbaijan | 20 DB06-14 methodology | 2013 | up 53.8% | rising |
| 23 | Chile | 20 DB06-14 methodology | 2013 | up 5.3% | rising |
| 23 | Kyrgyzstan | 20 DB06-14 methodology | 2013 | up 25.0% | rising |
| 23 | Republic of Korea | 20 DB06-14 methodology | 2013 | up 11.1% | rising |
| 23 | Rwanda | 20 DB06-14 methodology | 2013 | up 150.0% | rising |
| 23 | Saudi Arabia | 20 DB06-14 methodology | 2013 | up 17.6% | rising |
| 23 | Sierra Leone | 20 DB06-14 methodology | 2013 | up 17.6% | rising |
| 23 | Tajikistan | 20 DB06-14 methodology | 2013 | up 300.0% | rising |
| 23 | Trinidad and Tobago | 20 DB06-14 methodology | 2013 | unchanged | flat |
| 23 | Türkiye | 20 DB06-14 methodology | 2013 | up 25.0% | rising |
| 23 | Taiwan, China | 20 DB06-14 methodology | 2013 | up 25.0% | rising |
| 34 | Armenia | 19 DB06-14 methodology | 2013 | up 26.7% | rising |
| 34 | Antigua and Barbuda | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Bulgaria | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Dominica | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Denmark | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Ghana | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Grenada | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Iceland | 19 DB06-14 methodology | 2013 | up 18.8% | rising |
| 34 | Kazakhstan | 19 DB06-14 methodology | 2013 | up 58.3% | rising |
| 34 | Cambodia | 19 DB06-14 methodology | 2013 | down 5.0% | flat |
| 34 | Saint Kitts and Nevis | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Saint Lucia | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | North Macedonia | 19 DB06-14 methodology | 2013 | up 46.2% | rising |
| 34 | Montenegro | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Norway | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Pakistan | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Sweden | 19 DB06-14 methodology | 2013 | up 46.2% | rising |
| 34 | Saint Vincent and the Grenadines | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 34 | Samoa | 19 DB06-14 methodology | 2013 | unchanged | flat |
| 53 | Botswana | 18 DB06-14 methodology | 2013 | up 38.5% | rising |
| 53 | Cyprus | 18 DB06-14 methodology | 2013 | up 28.6% | rising |
| 53 | Spain | 18 DB06-14 methodology | 2013 | up 12.5% | rising |
| 53 | Guyana | 18 DB06-14 methodology | 2013 | unchanged | flat |
| 53 | Indonesia | 18 DB06-14 methodology | 2013 | up 5.9% | rising |
| 53 | India | 18 DB06-14 methodology | 2013 | up 5.9% | rising |
| 53 | Kiribati | 18 DB06-14 methodology | 2013 | unchanged | flat |
| 53 | Sri Lanka | 18 DB06-14 methodology | 2013 | up 12.5% | rising |
| 53 | Latvia | 18 DB06-14 methodology | 2013 | unchanged | flat |
| 53 | Republic of Moldova | 18 DB06-14 methodology | 2013 | up 12.5% | rising |
| 53 | Papua New Guinea | 18 DB06-14 methodology | 2013 | up 5.9% | flat |
| 53 | Poland | 18 DB06-14 methodology | 2013 | up 5.9% | flat |
| 53 | Portugal | 18 DB06-14 methodology | 2013 | unchanged | flat |
| 53 | Solomon Islands | 18 DB06-14 methodology | 2013 | up 5.9% | rising |
| 67 | Australia | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Burundi | 17 DB06-14 methodology | 2013 | up 112.5% | rising |
| 67 | Brunei Darussalam | 17 DB06-14 methodology | 2013 | up 21.4% | rising |
| 67 | Estonia | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Finland | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Fiji | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Italy | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Lithuania | 17 DB06-14 methodology | 2013 | up 13.3% | rising |
| 67 | Madagascar | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Mexico | 17 DB06-14 methodology | 2013 | up 70.0% | rising |
| 67 | Malta | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Paraguay | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Romania | 17 DB06-14 methodology | 2013 | up 6.2% | flat |
| 67 | Seychelles | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 67 | Tunisia | 17 DB06-14 methodology | 2013 | up 70.0% | rising |
| 67 | Zambia | 17 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Angola | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | United Arab Emirates | 16 DB06-14 methodology | 2013 | up 33.3% | rising |
| 83 | Austria | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Brazil | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Czechia | 16 DB06-14 methodology | 2013 | up 6.7% | rising |
| 83 | Dominican Republic | 16 DB06-14 methodology | 2013 | up 33.3% | rising |
| 83 | France | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Greece | 16 DB06-14 methodology | 2013 | up 77.8% | rising |
| 83 | Jamaica | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Kuwait | 16 DB06-14 methodology | 2013 | up 6.7% | flat |
| 83 | Maldives | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Mozambique | 16 DB06-14 methodology | 2013 | up 33.3% | rising |
| 83 | Malawi | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Namibia | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Nigeria | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Nepal | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Panama | 16 DB06-14 methodology | 2013 | up 6.7% | flat |
| 83 | Palestine, State of | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 83 | Tanzania, United Republic of | 16 DB06-14 methodology | 2013 | up 14.3% | rising |
| 83 | Vanuatu | 16 DB06-14 methodology | 2013 | unchanged | flat |
| 103 | Argentina | 15 DB06-14 methodology | 2013 | unchanged | flat |
| 103 | Bahrain | 15 DB06-14 methodology | 2013 | unchanged | flat |
| 103 | Belarus | 15 DB06-14 methodology | 2013 | up 25.0% | rising |
| 103 | China | 15 DB06-14 methodology | 2013 | up 15.4% | rising |
| 103 | Germany | 15 DB06-14 methodology | 2013 | unchanged | flat |
| 103 | Kenya | 15 DB06-14 methodology | 2013 | up 7.1% | rising |
| 103 | Lebanon | 15 DB06-14 methodology | 2013 | unchanged | flat |
| 103 | Lesotho | 15 DB06-14 methodology | 2013 | up 36.4% | rising |
| 103 | Oman | 15 DB06-14 methodology | 2013 | unchanged | flat |
| 103 | Uruguay | 15 DB06-14 methodology | 2013 | unchanged | flat |
| 103 | Kosovo | 15 DB06-14 methodology | 2013 | up 7.1% | falling |
| 103 | Kosovo (UNSCR 1244) | 15 DB06-14 methodology | 2013 | up 7.1% | falling |
| 115 | Bahamas | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Bosnia and Herzegovina | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Bhutan | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Croatia | 14 DB06-14 methodology | 2013 | up 16.7% | rising |
| 115 | Morocco | 14 DB06-14 methodology | 2013 | up 75.0% | rising |
| 115 | Netherlands | 14 DB06-14 methodology | 2013 | up 7.7% | rising |
| 115 | Russian Federation | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Serbia | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Slovakia | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Syrian Arab Republic | 14 DB06-14 methodology | 2013 | up 7.7% | rising |
| 115 | Tonga | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Uganda | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 115 | Zimbabwe | 14 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | Belize | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | Hungary | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | Iraq | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | Luxembourg | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | Philippines | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | Qatar | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | San Marino | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 128 | Eswatini | 13 DB06-14 methodology | 2013 | up 116.7% | rising |
| 128 | Timor-Leste | 13 DB06-14 methodology | 2013 | unchanged | flat |
| 137 | Bolivia, Plurinational State of | 12 DB06-14 methodology | 2013 | unchanged | flat |
| 137 | Central African Republic | 12 DB06-14 methodology | 2013 | unchanged | flat |
| 137 | Cape Verde | 12 DB06-14 methodology | 2013 | unchanged | flat |
| 137 | Ecuador | 12 DB06-14 methodology | 2013 | unchanged | flat |
| 137 | Guinea-Bissau | 12 DB06-14 methodology | 2013 | unchanged | flat |
| 137 | Nicaragua | 12 DB06-14 methodology | 2013 | unchanged | flat |
| 137 | Ukraine | 12 DB06-14 methodology | 2013 | up 20.0% | rising |
| 137 | Uzbekistan | 12 DB06-14 methodology | 2013 | up 9.1% | flat |
| 137 | Yemen | 12 DB06-14 methodology | 2013 | unchanged | flat |
| 146 | Cameroon | 11 DB06-14 methodology | 2013 | unchanged | flat |
| 146 | Egypt | 11 DB06-14 methodology | 2013 | up 10.0% | rising |
| 146 | Equatorial Guinea | 11 DB06-14 methodology | 2013 | unchanged | flat |
| 146 | Iran, Islamic Republic of | 11 DB06-14 methodology | 2013 | up 22.2% | rising |
| 146 | Liberia | 11 DB06-14 methodology | 2013 | unchanged | flat |
| 146 | Mauritania | 11 DB06-14 methodology | 2013 | unchanged | flat |
| 146 | Viet Nam | 11 DB06-14 methodology | 2013 | up 83.3% | rising |
| 153 | Benin | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Burkina Faso | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Barbados | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Côte d'Ivoire | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Congo | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Comoros | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Gabon | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Guinea | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Guatemala | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Marshall Islands | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Mali | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Niger | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Sao Tome and Principe | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Chad | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 153 | Togo | 10 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Switzerland | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Costa Rica | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Algeria | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Honduras | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Haiti | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Jordan | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Sudan | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | Senegal | 9 DB06-14 methodology | 2013 | unchanged | flat |
| 168 | El Salvador | 9 DB06-14 methodology | 2013 | up 12.5% | rising |
| 177 | Congo, Democratic Republic of the | 8 DB06-14 methodology | 2013 | up 14.3% | rising |
| 177 | Eritrea | 8 DB06-14 methodology | 2013 | unchanged | flat |
| 177 | Micronesia, Federated States of | 8 DB06-14 methodology | 2013 | unchanged | flat |
| 177 | Gambia | 8 DB06-14 methodology | 2013 | unchanged | flat |
| 177 | Libya | 8 DB06-14 methodology | 2013 | up 100.0% | rising |
| 177 | Palau | 8 DB06-14 methodology | 2013 | unchanged | flat |
| 183 | Djibouti | 7 DB06-14 methodology | 2013 | unchanged | flat |
| 183 | Myanmar | 7 DB06-14 methodology | 2013 | unchanged | flat |
| 183 | South Sudan | 7 DB06-14 methodology | 2013 | down 22.2% | falling |
| 183 | Venezuela, Bolivarian Republic of | 7 DB06-14 methodology | 2013 | unchanged | flat |
| 187 | Suriname | 6 DB06-14 methodology | 2013 | unchanged | flat |
| 188 | Ethiopia | 5 DB06-14 methodology | 2013 | unchanged | flat |
| 188 | Lao People's Democratic Republic | 5 DB06-14 methodology | 2013 | unchanged | flat |
| 190 | Afghanistan | 3 DB06-14 methodology | 2013 | unchanged | flat |
About this data
The strength of investor protection index is the sum of the extent of disclosure index, extent of director liability index and ease of shareholder suits index. The index is computed based on the methodology in the DB06-14 studies.