Nepal ranked 91st out of 129 countries in the International Property Rights Index (IPRI) 2020 released by Property Rights Alliance on 24th November. Last year, Nepal ranked 90th.
The IPRI is an annual comparative study that aims to quantify the strength of property rights – both physical and intellectual – and to rank countries accordingly. The IPRI scores and ranks each country based on 11 factors reflecting the state of its Legal and Political Environment(LP), Physical Property Rights (PPR), and Intellectual Property Rights (IPR). The 2020 edition contains the ranking of 129 economies, which represents 98 percent of the world GDP.
With an overall score of 4.909 IPRI, Nepal ranked 91st out of 129 countries in this year’s index. Nepal’s ranking dropped to 91st position from 90th last year. Here’s what Nepal’s scores and rankings look like in three core components of the IPRI and how scores compare to last year:
- Legal and Political Environment (LP): increased to 3.973 from 3.848; global ranking of 88th.
- Physical Property Index (PPI): dropped to 6.549 from 6.563; global ranking of 61st.
- Intellectual Property Rights (IPR): went up to 4.204 from 4.118; global ranking of 102nd.
The higher scores in the IPRI signifies stronger enforcement of property rights, which is directly linked to the prosperity of individuals. As Dr. Sary Levy-Carciente, Author and Hernando De Soto Fellow, says, “…property rights are human rights, and that is the fundamental reason for the preference of a system with strong private property rights: private property rights protect individual liberty”. You can read and download the full IPRI 2020 report here: https://www.internationalpropertyrightsindex.org/
Want to learn more about property rights in Nepal? Listen to our podcast with Dr. Bhimarjun Acharya, one of Nepal’s leading constitutional experts, here: https://samriddhi.org/prosperity-podcast/on-property-rights-with-dr-bhimarjun-acharya/
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