The International Property Rights Index (IPRI) is the flagship publication of the Property Rights Alliance (PRA), an organization based in Washington, D.C., dedicated to the promotion of property rights around the world. The yearly IPRI edition serves as a barometer for the status of property rights, ranking the strength of the protection of both physical and intellectual property rights in countries around the world. The scope of this 2019 edition covers 93.83% of world population and 97.72% of the world GDP.
IPRI is built up from 10 factors, gathered under three components: Legal and Political Environment (LP), Physical Property Rights (PPR), and Intellectual Property Rights (IPR). The overall grading scale of the IPRI is [0 – 10], where 10 is the highest value for a property rights system and 0 is the lowest value. The same interpretative logic is applied to all three components.
The 2019 IPRI ranks a total of 129 countries from around the world. The selection of countries was determined only by the availability of sufficient data. On average, the complete sample yielded an IPRI score of 5.726. Legal and Political Environment was the weakest component (5.16), followed by Intellectual Property Rights (5.55), while Physical Property Rights was the strongest component (6.47). This year we found a slight decrease of the IPRI score (-0.26%) and of one of its components (LP-1.07%, PPR+0.16% and IPR+0.2%). However, the maximum value of the 2019 IPRI score is higher than in previous years.