Index Of Legal Rights For Creditors And Borrowers

North America Ranking

(0 = weak to 12 = strong)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	United States	11	2018	1	11
2	Costa Rica	10	2020	2	10
2	Mexico	10	2020	2	10
4	El Salvador	9	2020	4	9
4	Canada	9	2020	4	9
4	Guatemala	9	2020	4	9
7	Honduras	8	2020	7	8
7	Panama	8	2020	7	8
9	Nicaragua	2	2020	9	2
10	Ecuador	1	2020	10	1

Definition of Index Of Legal Rights For Creditors And Borrowers

The strength of legal rights index measures whether certain features that facilitate lending exist within the appliÂcable collateral and bankruptcy laws. The index ranges from 0 to 12 based on the methodology in the Doing Business 15-20 studies.