Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps in South Korea

South Korea: Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps 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
34th
of 205 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
29
1996–2024

Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps in South Korea, 1996–2024

0.20.40.60.811996201020241996: 0.21 approx. -2.5 to +2.51997: 0.164 approx. -2.5 to +2.51998: 0.117 approx. -2.5 to +2.51999: 0.289 approx. -2.5 to +2.52000: 0.461 approx. -2.5 to +2.52001: 0.575 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: Statizoid (derived). Measured in approx. -2.5 to +2.5.

Analysis

The most recent figure for regulatory quality - governance estimate (approx. -2.5 to +2.5), gaps 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 (approx. -2.5 to +2.5), gaps 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 34th of 205 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 29 years of available data.

Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps in South Korea, year by year

Annual values for Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps filled in South Korea, 1996 to 2024.
Year approx. -2.5 to +2.5 Change
1996 0.2102 approx. -2.5 to +2.5 —
1997 0.1637 approx. -2.5 to +2.5 -22.1%
1998 0.1172 approx. -2.5 to +2.5 -28.4%
1999 0.2888 approx. -2.5 to +2.5 +146.5%
2000 0.4605 approx. -2.5 to +2.5 +59.4%
2001 0.5748 approx. -2.5 to +2.5 +24.8%
2002 0.6892 approx. -2.5 to +2.5 +19.9%
2003 0.5899 approx. -2.5 to +2.5 -14.4%
2004 0.8059 approx. -2.5 to +2.5 +36.6%
2005 0.8757 approx. -2.5 to +2.5 +8.7%
2006 0.7855 approx. -2.5 to +2.5 -10.3%
2007 0.9818 approx. -2.5 to +2.5 +25.0%
2008 0.6843 approx. -2.5 to +2.5 -30.3%
2009 0.7514 approx. -2.5 to +2.5 +9.8%
2010 0.8025 approx. -2.5 to +2.5 +6.8%
2011 0.9313 approx. -2.5 to +2.5 +16.0%
2012 0.9289 approx. -2.5 to +2.5 -0.3%
2013 1.02 approx. -2.5 to +2.5 +9.6%
2014 0.9938 approx. -2.5 to +2.5 -2.4%
2015 0.9961 approx. -2.5 to +2.5 +0.2%
2016 0.9759 approx. -2.5 to +2.5 -2.0%
2017 0.9593 approx. -2.5 to +2.5 -1.7%
2018 0.9569 approx. -2.5 to +2.5 -0.2%
2019 0.912 approx. -2.5 to +2.5 -4.7%
2020 0.9083 approx. -2.5 to +2.5 -0.4%
2021 0.988 approx. -2.5 to +2.5 +8.8%
2022 1.02 approx. -2.5 to +2.5 +3.0%
2023 0.9997 approx. -2.5 to +2.5 -1.7%
2024 1.01 approx. -2.5 to +2.5 +1.4%

Biggest year-on-year movements

Years where Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1999 +146.5% 0.1172 approx. -2.5 to +2.5 0.2888 approx. -2.5 to +2.5

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.195 approx. -2.5 to +2.5 0.1172 approx. -2.5 to +2.5 0.2888 approx. -2.5 to +2.5 4
2000s 0.7199 approx. -2.5 to +2.5 0.4605 approx. -2.5 to +2.5 0.9818 approx. -2.5 to +2.5 10
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. 32 Latvia 1.1 approx. -2.5 to +2.5 compare
  2. 33 Cayman Islands 1.07 approx. -2.5 to +2.5 compare
  3. 35 Aruba 0.9809 approx. -2.5 to +2.5 compare
  4. 36 Qatar 0.9663 approx. -2.5 to +2.5 compare
  5. 37 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 (approx. -2.5 to +2.5), gaps in South Korea?
Regulatory quality - governance estimate (approx. -2.5 to +2.5), gaps in South Korea was 1.01 approx. -2.5 to +2.5 in 2024, according to Statizoid (derived).
What is the highest regulatory quality - governance estimate (approx. -2.5 to +2.5), gaps 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 (approx. -2.5 to +2.5), gaps 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 (approx. -2.5 to +2.5), gaps?
South Korea ranks 34th out of 205 countries with data for 2024.
Is regulatory quality - governance estimate (approx. -2.5 to +2.5), gaps 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 Statizoid (derived), published as part of Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps filled. Statizoid updates them automatically from the source API.

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Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps in South Korea. Statizoid, drawing on Statizoid (derived). Retrieved 25 September 2026, from https://reference.statizoid.com/stat/regulatory-quality-governance-estimate-approx-2-5-to-2-5-gaps-filled/korea-rep/

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<a href="https://reference.statizoid.com/stat/regulatory-quality-governance-estimate-approx-2-5-to-2-5-gaps-filled/korea-rep/">Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps in South Korea</a> — Statizoid

How this figure is calculated

Regulatory Quality - Governance estimate (approx. -2.5 to +2.5) with 543 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Regulatory Quality - Governance estimate (approx. -2.5 to +2.5), gaps filled
Unit
approx. -2.5 to +2.5
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
205 places, 5,703 data points, 1996–2024
Last refreshed

Regulatory Quality - Governance estimate (approx. -2.5 to +2.5) with 543 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.