Aruba vs South Korea: Regulatory Quality - Governance estimate
Regulatory Quality - Governance estimate over time
- Aruba
- South Korea
How they compare
South Korea currently reports 1.01 approx. -2.5 to +2.5 against 0.9809 approx. -2.5 to +2.5 in Aruba, a difference of 0.0291 approx. -2.5 to +2.5.
The two have swapped places 2 times across 21 shared years of data; in 2004 it was South Korea ahead.
Aruba ranks 35th and South Korea ranks 34th of 204 countries.
Across the 3 decades both report, Aruba averaged higher in 2 and South Korea in 1.
Head to head by decade
| Decade | Aruba | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.11 approx. -2.5 to +2.5 | 0.8141 approx. -2.5 to +2.5 | 0.2961 approx. -2.5 to +2.5 | Aruba |
| 2010s | 1.31 approx. -2.5 to +2.5 | 0.9475 approx. -2.5 to +2.5 | 0.3586 approx. -2.5 to +2.5 | Aruba |
| 2020s | 0.9815 approx. -2.5 to +2.5 | 0.9854 approx. -2.5 to +2.5 | 0.0039 approx. -2.5 to +2.5 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher regulatory quality - governance estimate, Aruba or South Korea?
- South Korea, at 1.01 approx. -2.5 to +2.5 against 0.9809 approx. -2.5 to +2.5 in Aruba as of 2024.
- What is the difference in regulatory quality - governance estimate between Aruba and South Korea?
- 0.0291 approx. -2.5 to +2.5, with South Korea ahead.
- How many years of comparable data are there for Aruba and South Korea?
- 21 years are reported by both, from 2004 to 2024.
- How do Aruba and South Korea rank globally for regulatory quality - governance estimate?
- Aruba ranks 35th and South Korea ranks 34th of 204 countries.
- Where does this data come from?
- The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG), published as Regulatory Quality - Governance estimate (approx. -2.5 to +2.5). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Regulatory Quality (RQ) captures perceptions of the government’s ability to design and implement policies and regulations that promote private sector development. Governance estimate from the aggregation model, in units of a standard normal distribution, i.e. ranging from approximately -2.5 to 2.5. Larger values correspond to better governance. The (country-series-time) metadata include the (a) number of sources, and (b) standard error. The number of sources indicates the number of underlying data sources on which the governance estimate is based. The standard error indicates the precision of the governance estimate. Larger values indicate less precise estimates. A 90% confidence interval for the governance estimate is given by the estimate +/- 1.64 times the standard error.