Cayman Islands vs Republic of Korea: Regulatory Quality - Governance estimate
Regulatory Quality - Governance estimate over time
- Cayman Islands
- Republic of Korea
How they compare
Cayman Islands currently reports 1.07 approx. -2.5 to +2.5 against 1.01 approx. -2.5 to +2.5 in Republic of Korea, a difference of 0.06 approx. -2.5 to +2.5.
That makes Cayman Islands's figure about 1.1 times Republic of Korea's.
The two have swapped places 2 times across 26 shared years of data; in 1996 it was Cayman Islands ahead.
Cayman Islands ranks 33rd and Republic of Korea ranks 34th of 204 countries.
Cayman Islands has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Cayman Islands | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.26 approx. -2.5 to +2.5 | 0.1637 approx. -2.5 to +2.5 | 1.09 approx. -2.5 to +2.5 | Cayman Islands |
| 2000s | 1.41 approx. -2.5 to +2.5 | 0.736 approx. -2.5 to +2.5 | 0.6726 approx. -2.5 to +2.5 | Cayman Islands |
| 2010s | 1.11 approx. -2.5 to +2.5 | 0.9475 approx. -2.5 to +2.5 | 0.1612 approx. -2.5 to +2.5 | Cayman Islands |
| 2020s | 1.08 approx. -2.5 to +2.5 | 0.9854 approx. -2.5 to +2.5 | 0.0901 approx. -2.5 to +2.5 | Cayman Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher regulatory quality - governance estimate, Cayman Islands or Republic of Korea?
- Cayman Islands, at 1.07 approx. -2.5 to +2.5 against 1.01 approx. -2.5 to +2.5 in Republic of Korea as of 2024.
- What is the difference in regulatory quality - governance estimate between Cayman Islands and Republic of Korea?
- 0.06 approx. -2.5 to +2.5, with Cayman Islands ahead.
- How many years of comparable data are there for Cayman Islands and Republic of Korea?
- 26 years are reported by both, from 1996 to 2024.
- How do Cayman Islands and Republic of Korea rank globally for regulatory quality - governance estimate?
- Cayman Islands ranks 33rd and Republic of 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.