Iceland vs South Korea: Regulatory Quality - Governance score (0-100) (Regulatory score 0-100)
Regulatory Quality - Governance score (0-100) (Regulatory score 0-100) over time
- Iceland
- South Korea
How they compare
Iceland currently reports 73.84 0-100 against 72.76 0-100 in South Korea, a difference of 1.08 0-100.
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 | 72.11 0-100 | 60.32 0-100 | 11.79 0-100 | Iceland |
| 2000s | 83.7 0-100 | 68.15 0-100 | 15.55 0-100 | Iceland |
| 2010s | 78.32 0-100 | 71.94 0-100 | 6.38 0-100 | Iceland |
| 2020s | 79.02 0-100 | 72.5 0-100 | 6.51 0-100 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher regulatory quality - governance score, Iceland or South Korea?
- Iceland, at 73.84 0-100 against 72.76 0-100 in South Korea as of 2025.
- What is the difference in regulatory quality - governance score between Iceland and South Korea?
- 1.08 0-100, 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 score?
- 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 score (0-100). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 score is a linear transformation of the governance estimate using hypothetical worst-case and base-case countries. It is an absolute score ranging from 0-100. Larger values correspond to better governance. The (country-series-time) metadata include the (a) number of sources, and (b) confidence intervals (lower and upper bound). The number of sources indicates the number of underlying data sources on which the governance score (respectively the underlying governance estimate) is based. The confidence intervals include the lower and upper bound of the 90% confidence interval for the governance score. Confidence intervals are a statistical range of values that likely contain the true value (of what is being estimated).