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Protecting minority investors: Strength of minority investor protection index (0-50) (DB15-20 methodology) by country

The strength of minority investor protection index is the sum of the extent of disclosure index, extent of director liability index, ease of shareholder suits index, extent of shareholder rights index, extent of ownership and control index and extent of corporate transparency index. The index is computed based on...

Countries reporting
190
Highest
46 DB15-20 methodology
Kenya
Lowest
5 DB15-20 methodology
Ethiopia
Median
28 DB15-20 methodology
Years covered
7
2013–2019
Data points
1,337

What the numbers show

Protecting minority investors: Strength of minority investor protection index (0-50) (DB15-20 methodology) is currently reported for 190 countries. The highest value is 46 DB15-20 methodology in Kenya; the lowest is 5 DB15-20 methodology in Ethiopia.

The median across all reporting countries is 28 DB15-20 methodology, and the mean is 25.95 DB15-20 methodology.

The gap between the highest and lowest reporting country is a factor of about 9.

Over the past decade 85 countries rose and 1 fell. The largest increase was in Djibouti (up 271.4%), and the largest decrease in Qatar (down 36.4%).

Protecting minority investors: Strength of minority investor: full country ranking

#Country LatestYear 10-year changeTrend
1 Kenya 46 DB15-20 methodology 2019 up 84.0% rising
2 Malaysia 44 DB15-20 methodology 2019 up 2.3% flat
3 New Zealand 43 DB15-20 methodology 2019 unchanged flat
3 Saudi Arabia 43 DB15-20 methodology 2019 up 43.3% rising
3 Singapore 43 DB15-20 methodology 2019 unchanged flat
3 Thailand 43 DB15-20 methodology 2019 up 10.3% rising
7 Canada 42 DB15-20 methodology 2019 unchanged flat
7 United Kingdom of Great Britain and Northern Ireland 42 DB15-20 methodology 2019 unchanged flat
7 Georgia 42 DB15-20 methodology 2019 up 23.5% rising
7 Hong Kong, China 42 DB15-20 methodology 2019 up 2.4% flat
7 Kazakhstan 42 DB15-20 methodology 2019 up 44.8% rising
12 North Macedonia 41 DB15-20 methodology 2019 up 20.6% rising
13 United Arab Emirates 40 DB15-20 methodology 2019 up 48.1% rising
13 Colombia 40 DB15-20 methodology 2019 unchanged flat
13 India 40 DB15-20 methodology 2019 up 14.3% rising
13 Ireland 40 DB15-20 methodology 2019 up 2.6% flat
13 South Africa 40 DB15-20 methodology 2019 unchanged flat
18 Israel 39 DB15-20 methodology 2019 unchanged flat
18 Mauritius 39 DB15-20 methodology 2019 up 11.4% rising
18 Slovenia 39 DB15-20 methodology 2019 unchanged flat
21 Cyprus 38 DB15-20 methodology 2019 up 5.6% rising
21 Norway 38 DB15-20 methodology 2019 unchanged flat
21 Türkiye 38 DB15-20 methodology 2019 unchanged flat
21 Taiwan, China 38 DB15-20 methodology 2019 up 2.7% flat
25 Bulgaria 37 DB15-20 methodology 2019 unchanged flat
25 Republic of Korea 37 DB15-20 methodology 2019 up 5.7% flat
25 Mongolia 37 DB15-20 methodology 2019 up 2.8% flat
28 China 36 DB15-20 methodology 2019 up 38.5% rising
28 Denmark 36 DB15-20 methodology 2019 unchanged flat
28 Spain 36 DB15-20 methodology 2019 up 5.9% flat
28 Iceland 36 DB15-20 methodology 2019 unchanged flat
28 Sri Lanka 36 DB15-20 methodology 2019 up 5.9% rising
28 Nigeria 36 DB15-20 methodology 2019 up 9.1% rising
28 Pakistan 36 DB15-20 methodology 2019 up 2.9% flat
28 Sweden 36 DB15-20 methodology 2019 unchanged flat
36 United States of America 35.8 DB15-20 methodology 2019 unchanged flat
37 Austria 35 DB15-20 methodology 2019 unchanged flat
37 Greece 35 DB15-20 methodology 2019 up 9.4% rising
37 Croatia 35 DB15-20 methodology 2019 up 6.1% rising
37 Indonesia 35 DB15-20 methodology 2019 up 16.7% rising
37 Lithuania 35 DB15-20 methodology 2019 up 16.7% rising
37 Morocco 35 DB15-20 methodology 2019 up 29.6% rising
37 Serbia 35 DB15-20 methodology 2019 up 12.9% rising
37 Uzbekistan 35 DB15-20 methodology 2019 up 59.1% rising
45 Belgium 34 DB15-20 methodology 2019 unchanged flat
45 France 34 DB15-20 methodology 2019 unchanged flat
45 Latvia 34 DB15-20 methodology 2019 unchanged flat
45 Republic of Moldova 34 DB15-20 methodology 2019 unchanged flat
45 Peru 34 DB15-20 methodology 2019 up 3.0% flat
45 Ukraine 34 DB15-20 methodology 2019 up 30.8% rising
51 Bahrain 33 DB15-20 methodology 2019 up 26.9% rising
51 Chile 33 DB15-20 methodology 2019 unchanged flat
51 Italy 33 DB15-20 methodology 2019 unchanged flat
51 Kuwait 33 DB15-20 methodology 2019 up 10.0% rising
51 Malta 33 DB15-20 methodology 2019 unchanged flat
51 Poland 33 DB15-20 methodology 2019 unchanged flat
57 Australia 32 DB15-20 methodology 2019 unchanged flat
57 Egypt 32 DB15-20 methodology 2019 up 60.0% rising
57 Japan 32 DB15-20 methodology 2019 unchanged flat
57 Trinidad and Tobago 32 DB15-20 methodology 2019 unchanged flat
61 Argentina 31 DB15-20 methodology 2019 unchanged flat
61 Brazil 31 DB15-20 methodology 2019 unchanged flat
61 Czechia 31 DB15-20 methodology 2019 unchanged flat
61 Germany 31 DB15-20 methodology 2019 unchanged flat
61 Finland 31 DB15-20 methodology 2019 unchanged flat
61 Jamaica 31 DB15-20 methodology 2019 unchanged flat
61 Mexico 31 DB15-20 methodology 2019 unchanged flat
61 Montenegro 31 DB15-20 methodology 2019 unchanged flat
61 Portugal 31 DB15-20 methodology 2019 unchanged flat
61 Romania 31 DB15-20 methodology 2019 unchanged flat
61 Tunisia 31 DB15-20 methodology 2019 up 10.7% rising
72 Bangladesh 30 DB15-20 methodology 2019 unchanged flat
72 Botswana 30 DB15-20 methodology 2019 unchanged flat
72 Ghana 30 DB15-20 methodology 2019 unchanged flat
72 Philippines 30 DB15-20 methodology 2019 up 50.0% rising
72 Papua New Guinea 30 DB15-20 methodology 2019 up 3.4% flat
72 Russian Federation 30 DB15-20 methodology 2019 up 7.1% rising
72 Zambia 30 DB15-20 methodology 2019 up 7.1% flat
79 Antigua and Barbuda 29 DB15-20 methodology 2019 unchanged flat
79 Belarus 29 DB15-20 methodology 2019 up 7.4% rising
79 Dominica 29 DB15-20 methodology 2019 unchanged flat
79 Estonia 29 DB15-20 methodology 2019 unchanged flat
79 Saint Lucia 29 DB15-20 methodology 2019 unchanged flat
79 Malawi 29 DB15-20 methodology 2019 up 11.5% rising
79 Netherlands 29 DB15-20 methodology 2019 unchanged flat
79 Nepal 29 DB15-20 methodology 2019 unchanged flat
79 Saint Vincent and the Grenadines 29 DB15-20 methodology 2019 unchanged flat
88 Bahamas 28 DB15-20 methodology 2019 up 21.7% rising
88 Bosnia and Herzegovina 28 DB15-20 methodology 2019 unchanged flat
88 Guyana 28 DB15-20 methodology 2019 unchanged flat
88 Namibia 28 DB15-20 methodology 2019 unchanged flat
88 Oman 28 DB15-20 methodology 2019 up 7.7% flat
88 Panama 28 DB15-20 methodology 2019 unchanged flat
88 Puerto Rico 28 DB15-20 methodology 2019 unchanged flat
88 Slovakia 28 DB15-20 methodology 2019 unchanged flat
88 Uganda 28 DB15-20 methodology 2019 unchanged flat
97 Fiji 27 DB15-20 methodology 2019 up 8.0% rising
97 Hungary 27 DB15-20 methodology 2019 up 3.8% flat
97 Luxembourg 27 DB15-20 methodology 2019 up 8.0% rising
97 Syrian Arab Republic 27 DB15-20 methodology 2019 unchanged flat
97 Viet Nam 27 DB15-20 methodology 2019 up 17.4% rising
97 Zimbabwe 27 DB15-20 methodology 2019 up 3.8% flat
103 Djibouti 26 DB15-20 methodology 2019 up 271.4% volatile
103 Saint Kitts and Nevis 26 DB15-20 methodology 2019 unchanged flat
105 Azerbaijan 25 DB15-20 methodology 2019 up 25.0% rising
105 Switzerland 25 DB15-20 methodology 2019 up 25.0% rising
105 Grenada 25 DB15-20 methodology 2019 unchanged flat
105 Jordan 25 DB15-20 methodology 2019 up 19.0% rising
105 Tanzania, United Republic of 25 DB15-20 methodology 2019 unchanged flat
110 Costa Rica 24 DB15-20 methodology 2019 up 41.2% rising
111 Albania 23 DB15-20 methodology 2019 up 9.5% rising
111 Bhutan 23 DB15-20 methodology 2019 up 4.5% rising
111 Iraq 23 DB15-20 methodology 2019 unchanged flat
114 Ecuador 22 DB15-20 methodology 2019 up 10.0% rising
114 Guinea-Bissau 22 DB15-20 methodology 2019 up 10.0% rising
114 Lebanon 22 DB15-20 methodology 2019 unchanged flat
114 Palestine, State of 22 DB15-20 methodology 2019 unchanged flat
114 Rwanda 22 DB15-20 methodology 2019 up 15.8% rising
114 Senegal 22 DB15-20 methodology 2019 up 22.2% rising
120 Armenia 21 DB15-20 methodology 2019 up 10.5% rising
120 Benin 21 DB15-20 methodology 2019 up 10.5% rising
120 Burkina Faso 21 DB15-20 methodology 2019 up 10.5% rising
120 Côte d'Ivoire 21 DB15-20 methodology 2019 up 10.5% rising
120 Honduras 21 DB15-20 methodology 2019 up 50.0% rising
120 Mali 21 DB15-20 methodology 2019 up 10.5% rising
120 Niger 21 DB15-20 methodology 2019 up 16.7% rising
120 Togo 21 DB15-20 methodology 2019 up 10.5% rising
128 Brunei Darussalam 20 DB15-20 methodology 2019 up 17.6% rising
128 Iran, Islamic Republic of 20 DB15-20 methodology 2019 unchanged flat
128 Kyrgyzstan 20 DB15-20 methodology 2019 unchanged flat
128 Cambodia 20 DB15-20 methodology 2019 unchanged flat
128 Sierra Leone 20 DB15-20 methodology 2019 unchanged flat
128 Tajikistan 20 DB15-20 methodology 2019 unchanged flat
128 Samoa 20 DB15-20 methodology 2019 unchanged flat
128 Kosovo 20 DB15-20 methodology 2019 up 25.0% rising
128 Kosovo (UNSCR 1244) 20 DB15-20 methodology 2019 up 25.0% rising
137 Bolivia, Plurinational State of 19 DB15-20 methodology 2019 unchanged flat
137 Barbados 19 DB15-20 methodology 2019 unchanged flat
137 Kiribati 19 DB15-20 methodology 2019 unchanged flat
137 Solomon Islands 19 DB15-20 methodology 2019 unchanged flat
141 Afghanistan 18 DB15-20 methodology 2019 up 260.0% volatile
141 Madagascar 18 DB15-20 methodology 2019 up 5.9% rising
141 El Salvador 18 DB15-20 methodology 2019 unchanged flat
144 Burundi 17 DB15-20 methodology 2019 unchanged flat
144 Dominican Republic 17 DB15-20 methodology 2019 unchanged flat
144 Paraguay 17 DB15-20 methodology 2019 unchanged flat
144 Seychelles 17 DB15-20 methodology 2019 unchanged flat
148 Angola 16 DB15-20 methodology 2019 unchanged flat
148 Lesotho 16 DB15-20 methodology 2019 unchanged flat
148 Maldives 16 DB15-20 methodology 2019 unchanged flat
148 Mozambique 16 DB15-20 methodology 2019 unchanged flat
148 Mauritania 16 DB15-20 methodology 2019 up 33.3% rising
148 Vanuatu 16 DB15-20 methodology 2019 unchanged flat
154 Guatemala 15 DB15-20 methodology 2019 unchanged flat
154 Sudan 15 DB15-20 methodology 2019 up 7.1% flat
154 Tonga 15 DB15-20 methodology 2019 unchanged flat
154 Uruguay 15 DB15-20 methodology 2019 unchanged flat
158 Belize 14 DB15-20 methodology 2019 unchanged flat
158 Cameroon 14 DB15-20 methodology 2019 up 16.7% rising
158 Qatar 14 DB15-20 methodology 2019 down 36.4% falling
158 Suriname 14 DB15-20 methodology 2019 unchanged flat
158 Timor-Leste 14 DB15-20 methodology 2019 unchanged flat
163 Central African Republic 13 DB15-20 methodology 2019 up 18.2% rising
163 Congo 13 DB15-20 methodology 2019 up 18.2% rising
163 Comoros 13 DB15-20 methodology 2019 up 18.2% rising
163 Guinea 13 DB15-20 methodology 2019 up 18.2% rising
163 Equatorial Guinea 13 DB15-20 methodology 2019 up 18.2% rising
163 San Marino 13 DB15-20 methodology 2019 unchanged flat
163 Eswatini 13 DB15-20 methodology 2019 unchanged flat
163 Yemen 13 DB15-20 methodology 2019 unchanged flat
171 Cape Verde 12 DB15-20 methodology 2019 unchanged flat
171 Gabon 12 DB15-20 methodology 2019 up 20.0% rising
171 Gambia 12 DB15-20 methodology 2019 up 50.0% rising
171 Nicaragua 12 DB15-20 methodology 2019 unchanged flat
171 Chad 12 DB15-20 methodology 2019 up 20.0% rising
171 Venezuela, Bolivarian Republic of 12 DB15-20 methodology 2019 unchanged flat
177 Congo, Democratic Republic of the 11 DB15-20 methodology 2019 up 22.2% rising
177 Liberia 11 DB15-20 methodology 2019 unchanged flat
177 Myanmar 11 DB15-20 methodology 2019 up 83.3% rising
180 Algeria 10 DB15-20 methodology 2019 unchanged flat
180 Lao People's Democratic Republic 10 DB15-20 methodology 2019 up 66.7% rising
180 Marshall Islands 10 DB15-20 methodology 2019 unchanged flat
180 Sao Tome and Principe 10 DB15-20 methodology 2019 unchanged flat
184 Haiti 9 DB15-20 methodology 2019 unchanged flat
184 Libya 9 DB15-20 methodology 2019 unchanged flat
186 Eritrea 8 DB15-20 methodology 2019 unchanged flat
186 Micronesia, Federated States of 8 DB15-20 methodology 2019 unchanged flat
186 South Sudan 8 DB15-20 methodology 2019 unchanged flat
189 Palau 7 DB15-20 methodology 2019 unchanged flat
190 Ethiopia 5 DB15-20 methodology 2019 unchanged flat

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Protecting minority investors: Strength of minority investor by country. Statizoid. Retrieved 08 September 2026, from https://reference.statizoid.com/stat/protecting-minority-investors-strength-of-minority-investor-protection-index-0-50-db15-20/

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About this data

Indicator
Protecting minority investors: Strength of minority investor protection index (0-50) (DB15-20 methodology)
Unit
DB15-20 methodology
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
191 places, 1,337 data points, 2013–2019
Last refreshed

The strength of minority investor protection index is the sum of the extent of disclosure index, extent of director liability index, ease of shareholder suits index, extent of shareholder rights index, extent of ownership and control index and extent of corporate transparency index. The index is computed based on the methodology in the DB15-20 studies.