Latvia vs Monaco: Regulatory Quality - Governance estimate
Regulatory Quality - Governance estimate over time
- Latvia
- Monaco
How they compare
Monaco currently reports 1.1 approx. -2.5 to +2.5 against 1.1 approx. -2.5 to +2.5 in Latvia, a difference of 0 approx. -2.5 to +2.5.
Across all 10 years both countries report, Monaco has been ahead every year.
Latvia ranks 32nd and Monaco ranks 30th of 204 countries.
Monaco has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latvia | Monaco | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 1 approx. -2.5 to +2.5 | 1.35 approx. -2.5 to +2.5 | 0.3433 approx. -2.5 to +2.5 | Monaco |
| 2020s | 1.03 approx. -2.5 to +2.5 | 1.29 approx. -2.5 to +2.5 | 0.2648 approx. -2.5 to +2.5 | Monaco |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher regulatory quality - governance estimate, Latvia or Monaco?
- Monaco, at 1.1 approx. -2.5 to +2.5 against 1.1 approx. -2.5 to +2.5 in Latvia as of 2024.
- What is the difference in regulatory quality - governance estimate between Latvia and Monaco?
- 0 approx. -2.5 to +2.5, with Monaco ahead.
- How many years of comparable data are there for Latvia and Monaco?
- 10 years are reported by both, from 2015 to 2024.
- How do Latvia and Monaco rank globally for regulatory quality - governance estimate?
- Latvia ranks 32nd and Monaco ranks 30th 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.