Korea vs Latvia: Regulatory Quality - Governance estimate
Regulatory Quality - Governance estimate over time
- Korea
- Latvia
How they compare
Latvia currently reports 1.1 approx. -2.5 to +2.5 against 1.01 approx. -2.5 to +2.5 in Korea, a difference of 0.09 approx. -2.5 to +2.5.
That makes Latvia's figure about 1.1 times Korea's.
The two have swapped places 6 times across 26 shared years of data; in 1996 it was Latvia ahead.
Korea ranks 34th and Latvia ranks 32nd of 204 countries.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Korea | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.1637 approx. -2.5 to +2.5 | 0.5346 approx. -2.5 to +2.5 | 0.3709 approx. -2.5 to +2.5 | Latvia |
| 2000s | 0.736 approx. -2.5 to +2.5 | 0.9329 approx. -2.5 to +2.5 | 0.1969 approx. -2.5 to +2.5 | Latvia |
| 2010s | 0.9475 approx. -2.5 to +2.5 | 0.9934 approx. -2.5 to +2.5 | 0.0459 approx. -2.5 to +2.5 | Latvia |
| 2020s | 0.9854 approx. -2.5 to +2.5 | 1.03 approx. -2.5 to +2.5 | 0.0426 approx. -2.5 to +2.5 | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher regulatory quality - governance estimate, Korea or Latvia?
- Latvia, at 1.1 approx. -2.5 to +2.5 against 1.01 approx. -2.5 to +2.5 in Korea as of 2024.
- What is the difference in regulatory quality - governance estimate between Korea and Latvia?
- 0.09 approx. -2.5 to +2.5, with Latvia ahead.
- How many years of comparable data are there for Korea and Latvia?
- 26 years are reported by both, from 1996 to 2024.
- How do Korea and Latvia rank globally for regulatory quality - governance estimate?
- Korea ranks 34th and Latvia ranks 32nd 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.