The country improved 4.3% compared to last year in the index prepared jointly by the CED and the Fraser Institute.
Uruguay ranked as the best country in Latin America and the Caribbean in the International Property Rights Index (IPRI), which is compiled by the Fraser Institute in collaboration with the Development Studies Center (CED).
He IPRI, which includes the categories of Legal and Political Environment (LP), Physical Property Rights (PPR) and Intellectual Property Rights (IPR), placed the country in 29th place in the ranking of a total of 125 nations, with a score of 6 .3 out of a total of 10.
The ranking has first Finland, which with 8.1 remains the country with the greatest property rights, followed by Singapore (8.0), Netherlands (7,9), New Zealand and Denmark (both with 7.8).
If compared at the regional level, Uruguay It is the first Latin American country, in 29th place, above Chili (38), with 5.9, and Costa Rica (40), with 5.8. They were further behind Panama (60), Brazil (83) and Argentina (95). Furthermore, the country was above China, which was 50th.
At an individual level, Uruguay’s improvement was 4.3%
Regarding self-improvement, Uruguay improved by 4.3% compared to last year, going from 6.03 to 6.3 points, resulting from a score of 7.4 in the LP category, where the country placed 19th with an increase of 3.4%, demonstrating the strength of Uruguayan institutions and democracy.
On the other hand, in the PPR category there was a decrease of 0.8% and the score was 6, leaving 133 in the table. However, once again the most negative result was in the IPR category, which was 5.7, which placed it in position 44, despite the significant increase of 11.6%.
With this analysis, from the CED warned that, “in a long-term perspective (the last 15 years), it is possible to observe a growing trend in the IPRI of Uruguay and in its various components.” For this reason, they stated that “despite the volatilities, especially the IPR, all components continue an upward trend.”
Source: Ambito
