Detailed Methodology and Data Source Information

LP sources

Variable Name

Original Scale

Data  Modifications

Year

 

Countries

  Source

Detailed Information

 

Judicial Independence

 

1 = no, heavily influenced;

7 = yes, entirely independent

 

The original data was rescaled to a scale of 0 - 10.

 

2013-2014

 

 

 148

 

World Economic Forum - Global Competitiveness Report http://gcr.weforum.org/

The ranking reflects experts' answers to the survey question: "Is the judiciary in your country independent from political influence of members of government, citizens or firms?"

 

 

Rule of Law

 

 

 

 -2.5 (worst) -

  2.5 (best)

 

 

The original data was rescaled to a scale of 0 - 10.

 

 

 2013

 

 

  215

 

World Bank Institute - Governance Matters 2013: Worldwide Governance Indicators, 1996-2012   http://info.worldbank.or /governance

/wgi/index.aspx#home

Combines several indicators including judicial independence,  respect for law in relations between citizens and the administration, property rights, confidence in the police force, enforceability  of contracts, direct financial fraud, law and order, which measure the existence of the rule of law .

 

 

Political   Stability

 

 

 

 

  -2.5 (worst) -

   2.5 (best)

 

 

The original data was rescaled to a scale of 0 - 10.

 

 

 2013

 

 

215

 

World Bank Institute - Governance Matters 2013: Worldwide Governance Indicators, 1996-2012 http://info.worldbank.org/governance

/wgi/index.aspx#home

Combines several indicators which measure perceptions of the likelihood that the government  in power will be destabilized or overthrown by possibly unconstitutional and/or violent means, including domenstic violence and terrorism.

Control of Corruption

 

 

 -2.5 (worst) -

 2.5 (best)

 

The original data was rescaled to a scale of 0 - 10.

 

 

 2013

 

 

215

World Bank Institute - Governance Matters 2013: Worldwide Governance Indicators, 1996-2012 http://info.worldbank.org/governance

/wgi/index.aspx#home

Combines several indicators which measure the extent to which public power is exercised for private gain, including petty and grand forms of corruption, as well as "capture" of the state by elites and private interests.

 

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Top Ranked Countries


These are the countries where property rights are most secure. For a complete list, click here.

Ranks Country Rating
1 Finland 8.5
2 New Zealand 8.3
2 Norway 8.3
2 Sweden 8.3
5 Singapore 8.2
5 Switzerland 8.2
7 Luxembourg 8.1
7 Netherlands 8.1
9 Canada 8.0
10 Denmark 7.9
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