Eritrea, The State of vs Venezuela, República Bolivariana de: Regulatory Quality - Governance estimate
Regulatory Quality - Governance estimate over time
- Eritrea, The State of
- Venezuela, República Bolivariana de
How they compare
Venezuela, República Bolivariana de currently reports -1.9 approx. -2.5 to +2.5 against -2.04 approx. -2.5 to +2.5 in Eritrea, The State of, a difference of 0.14 approx. -2.5 to +2.5.
The two have swapped places 2 times across 26 shared years of data; in 1996 it was Venezuela, República Bolivariana de ahead.
Eritrea, The State of ranks 204th and Venezuela, República Bolivariana de ranks 201st of 204 countries.
Venezuela, República Bolivariana de has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Eritrea, The State of | Venezuela, República Bolivariana de | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -1.41 approx. -2.5 to +2.5 | -0.7234 approx. -2.5 to +2.5 | 0.6855 approx. -2.5 to +2.5 | Venezuela, República Bolivariana de |
| 2000s | -1.54 approx. -2.5 to +2.5 | -1.14 approx. -2.5 to +2.5 | 0.4026 approx. -2.5 to +2.5 | Venezuela, República Bolivariana de |
| 2010s | -1.91 approx. -2.5 to +2.5 | -1.72 approx. -2.5 to +2.5 | 0.1904 approx. -2.5 to +2.5 | Venezuela, República Bolivariana de |
| 2020s | -2 approx. -2.5 to +2.5 | -1.99 approx. -2.5 to +2.5 | 0.0058 approx. -2.5 to +2.5 | Venezuela, República Bolivariana de |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher regulatory quality - governance estimate, Eritrea, The State of or Venezuela, República Bolivariana de?
- Venezuela, República Bolivariana de, at -1.9 approx. -2.5 to +2.5 against -2.04 approx. -2.5 to +2.5 in Eritrea, The State of as of 2024.
- What is the difference in regulatory quality - governance estimate between Eritrea, The State of and Venezuela, República Bolivariana de?
- 0.14 approx. -2.5 to +2.5, with Venezuela, República Bolivariana de ahead.
- How many years of comparable data are there for Eritrea, The State of and Venezuela, República Bolivariana de?
- 26 years are reported by both, from 1996 to 2024.
- How do Eritrea, The State of and Venezuela, República Bolivariana de rank globally for regulatory quality - governance estimate?
- Eritrea, The State of ranks 204th and Venezuela, República Bolivariana de ranks 201st 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.