Spain, the OECD country with the weakest property rights guarantees.

Every year Spain ranks modestly in the International Property Rights Index for OECD countries. This ranking is prepared by the Property Rights Alliance and analyzed by the Institute for Economic Research (IEE).

According to one of the 'tankle', OECD, "Spain still has significant potential for improvement in this area, it ranks low in the ranking, ranking 26th out of 37 countries considered, clearly below the OECD average and below the average of EU countries belonging to this organization. This situation is repeated in the three pillars (legal and policy environment, physical and intellectual property) that make up the Index. "

In 2021, Spain scored 93.9score, which is 6.1% below the OECD average (100) and 5% below the EU average (98.9). The differences are even greater when comparing this score to the top scoring countries, it is 19.5% lower than Switzerland, the first country on the list, which has a score of 116.6. In addition to Switzerland, 12 other countries have scores above 110, including the US, Canada, Japan, New Zealand, Australia, Finland, Denmark and Sweden. Germany and the UK are above the developed country average but below the previous line.

The IEE study provides details about the "International Property Rights Index, which confirms the close link between better protection of property rights and high levels of economic development and prosperity. Thus, countries with better outcomes, that is, with the best protection of private property, have higher levels of GDP per capita, lower levels of poverty, greater competitiveness, and higher levels of innovation and less corruption. In fact, the average GDP per capita in the top performing countries areof the world ranking on the MIPP is 19 times higher than in the worst performing countries on this indicator. "

In the case of Spain, it is noted that "property taxation reduces the effective development of property rights and negatively affects the effective use of such resources, disadvantaging investment and savings, leading to less growth and wealth creation in the economy," and it is also emphasized that "Spain has a more harmful tax system compared to others. "