IV. IPRI- Population
Since 2015 the IPRI has computed a population incidence into the index. In this regard, we note that although the IPRI-2017 average score is 5.6336, when it is weighted by population, it is 5.522. This is a slight decrease from the 2016 population weighted IPRI score of 5.28, but still better than the 2015 score of 5.176. Clearly, property rights for the vast majority of the world’s people must continue to improve.
Taking into account a demographic perspective is very important for an index such as the IPRI, which considers property rights a human right, irrespective of political boundaries. With this approach, the IPRI becomes an even more powerful tool for policy makers
This year’s sample of 127 countries has a population of 6.87 billion people, with 68% of the population residing in 66 countries that tolerate weak middle-of-the-road IPRI ratings [4.5-6.4]. The highest level of property right protections [6.5-9.4] are enjoyed by only 15.2% of the population in 34 countries, and 14% of the population live in 27 countries with the lowest levels [2.5-4.4] of property rights. This year the ranges were widened as the maximum score of this year is 8.6335 earned by New Zealand.
Table 7. IPRI 2017 and Population
Figure 16 shows a combination of elements while analyzing changes in the IPRI scores: country, population and belonging to a particular group. It’s positive news to see that most of the countries have improved their scores, particularly since densely populated countries show a mildly positive to positive change in fostering their property rights system.
FIGURE 16. IPRI 2017. Country Score Changes (population and groups)