Regulatory Quality - Governance estimate in South Korea

South Korea: Regulatory Quality - Governance estimate was 1.01 approx. -2.5 to +2.5 in 2024. ▲ Rising

Latest (2024)
1.01 approx. -2.5 to +2.5
Change on year
up 1.4%
World rank
35th
of 204 countries
All-time high
1.02 approx. -2.5 to +2.5
in 2013
All-time low
0.1172 approx. -2.5 to +2.5
in 1998
Years of data
26
1996–2024

Regulatory Quality - Governance estimate in South Korea, 1996–2024

0.20.40.60.811996201020241996: 0.21 approx. -2.5 to +2.51998: 0.117 approx. -2.5 to +2.52000: 0.461 approx. -2.5 to +2.52002: 0.689 approx. -2.5 to +2.52003: 0.59 approx. -2.5 to +2.52004: 0.806 approx. -2.5 to +2.52005: 0.876 approx. -2.5 to +2.52006: 0.785 approx. -2.5 to +2.52007: 0.982 approx. -2.5 to +2.52008: 0.684 approx. -2.5 to +2.52009: 0.751 approx. -2.5 to +2.52010: 0.803 approx. -2.5 to +2.52011: 0.931 approx. -2.5 to +2.52012: 0.929 approx. -2.5 to +2.52013: 1 approx. -2.5 to +2.52014: 0.994 approx. -2.5 to +2.52015: 0.996 approx. -2.5 to +2.52016: 0.976 approx. -2.5 to +2.52017: 0.959 approx. -2.5 to +2.52018: 0.957 approx. -2.5 to +2.52019: 0.912 approx. -2.5 to +2.52020: 0.908 approx. -2.5 to +2.52021: 0.988 approx. -2.5 to +2.52022: 1 approx. -2.5 to +2.52023: 1 approx. -2.5 to +2.52024: 1 approx. -2.5 to +2.5

Source: World Bank. Measured in approx. -2.5 to +2.5.

Analysis

The most recent figure for regulatory quality - governance estimate in South Korea is 1.01 approx. -2.5 to +2.5, measured in 2024.

The figure is up 1.4% on the previous year and up 2.0% over ten years.

Over the whole period, regulatory quality - governance estimate in South Korea peaked at 1.02 approx. -2.5 to +2.5 in 2013 and was at its lowest, 0.1172 approx. -2.5 to +2.5, in 1998.

South Korea ranks 35th of 204 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.1637 approx. -2.5 to +2.5 0.1172 approx. -2.5 to +2.5 0.2102 approx. -2.5 to +2.5 2
2000s 0.736 approx. -2.5 to +2.5 0.4605 approx. -2.5 to +2.5 0.9818 approx. -2.5 to +2.5 9
2010s 0.9475 approx. -2.5 to +2.5 0.8025 approx. -2.5 to +2.5 1.02 approx. -2.5 to +2.5 10
2020s 0.9854 approx. -2.5 to +2.5 0.9083 approx. -2.5 to +2.5 1.02 approx. -2.5 to +2.5 5

Countries ranked near South Korea

  1. 33 Latvia 1.1 approx. -2.5 to +2.5 compare
  2. 34 Cayman Islands 1.07 approx. -2.5 to +2.5 compare
  3. 36 Aruba 0.9809 approx. -2.5 to +2.5 compare
  4. 37 Qatar 0.9663 approx. -2.5 to +2.5 compare
  5. 38 Bahrain 0.9502 approx. -2.5 to +2.5 compare

See the full ranking of 205 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is regulatory quality - governance estimate in South Korea?
Regulatory quality - governance estimate in South Korea was 1.01 approx. -2.5 to +2.5 in 2024, according to the World Bank.
What is the highest regulatory quality - governance estimate recorded in South Korea?
The highest recorded value was 1.02 approx. -2.5 to +2.5 in 2013.
What is the lowest regulatory quality - governance estimate recorded in South Korea?
The lowest recorded value was 0.1172 approx. -2.5 to +2.5 in 1998.
How does South Korea rank for regulatory quality - governance estimate?
South Korea ranks 35th out of 204 countries with data for 2024.
Is regulatory quality - governance estimate rising or falling in South Korea?
Over the last ten years it is up 2.0%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from the World Bank, published as part of Regulatory Quality - Governance estimate (approx. -2.5 to +2.5). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Regulatory Quality - Governance estimate (approx. -2.5 to +2.5)
Unit
approx. -2.5 to +2.5
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
205 places, 5,169 data points, 1996–2024
Last refreshed