Iceland vs South Korea: Regulatory Quality - Governance estimate (approx. -2.5 to +2.5)
Regulatory Quality - Governance estimate (approx. -2.5 to +2.5) over time
- Iceland
- South Korea
How they compare
Iceland currently reports 1.07 approx. -2.5 to +2.5 against 1 approx. -2.5 to +2.5 in South Korea, a difference of 0.07 approx. -2.5 to +2.5.
That makes Iceland's figure about 1.1 times South Korea's.
Across all 27 years both countries report, Iceland has been ahead every year.
Iceland ranks 29th and South Korea ranks 32nd of 206 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.965 approx. -2.5 to +2.5 | 0.2804 approx. -2.5 to +2.5 | 0.6846 approx. -2.5 to +2.5 | Iceland |
| 2000s | 1.64 approx. -2.5 to +2.5 | 0.7351 approx. -2.5 to +2.5 | 0.9034 approx. -2.5 to +2.5 | Iceland |
| 2010s | 1.33 approx. -2.5 to +2.5 | 0.9554 approx. -2.5 to +2.5 | 0.3705 approx. -2.5 to +2.5 | Iceland |
| 2020s | 1.37 approx. -2.5 to +2.5 | 0.9879 approx. -2.5 to +2.5 | 0.3784 approx. -2.5 to +2.5 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher regulatory quality - governance estimate, Iceland or South Korea?
- Iceland, at 1.07 approx. -2.5 to +2.5 against 1 approx. -2.5 to +2.5 in South Korea as of 2025.
- What is the difference in regulatory quality - governance estimate between Iceland and South Korea?
- 0.07 approx. -2.5 to +2.5, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Korea?
- 27 years are reported by both, from 1996 to 2025.
- How do Iceland and South Korea rank globally for regulatory quality - governance estimate?
- Iceland ranks 29th and South Korea ranks 32nd of 206 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.