Regulatory Quality - Governance estimate in Grenada
Grenada: Regulatory Quality - Governance estimate was 0.0499 approx. -2.5 to +2.5 in 2024. ◆ Volatile
Regulatory Quality - Governance estimate in Grenada, 1996–2024
Source: The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG). Measured in approx. -2.5 to +2.5.
Analysis
In 2024, regulatory quality - governance estimate in Grenada stood at 0.0499 approx. -2.5 to +2.5.
The figure is down 6.8% on the previous year and down 19.6% over ten years.
Over the whole period, regulatory quality - governance estimate in Grenada peaked at 0.4037 approx. -2.5 to +2.5 in 2003 and was at its lowest, -0.1479 approx. -2.5 to +2.5, in 2018.
That places Grenada 91st out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Regulatory Quality - Governance estimate in Grenada, year by year
| Year | approx. -2.5 to +2.5 | Change |
|---|---|---|
| 1996 | 0.3517 approx. -2.5 to +2.5 | — |
| 1998 | 0.3825 approx. -2.5 to +2.5 | +8.8% |
| 2000 | 0.391 approx. -2.5 to +2.5 | +2.2% |
| 2002 | 0.4036 approx. -2.5 to +2.5 | +3.2% |
| 2003 | 0.4037 approx. -2.5 to +2.5 | +0.0% |
| 2004 | 0.1135 approx. -2.5 to +2.5 | -71.9% |
| 2005 | 0.1376 approx. -2.5 to +2.5 | +21.2% |
| 2006 | 0.2075 approx. -2.5 to +2.5 | +50.8% |
| 2007 | 0.2101 approx. -2.5 to +2.5 | +1.3% |
| 2008 | 0.209 approx. -2.5 to +2.5 | -0.6% |
| 2009 | 0.2174 approx. -2.5 to +2.5 | +4.0% |
| 2010 | 0.3118 approx. -2.5 to +2.5 | +43.4% |
| 2011 | 0.2357 approx. -2.5 to +2.5 | -24.4% |
| 2012 | 0.2309 approx. -2.5 to +2.5 | -2.0% |
| 2013 | 0.2302 approx. -2.5 to +2.5 | -0.3% |
| 2014 | 0.0621 approx. -2.5 to +2.5 | -73.0% |
| 2015 | 0.0755 approx. -2.5 to +2.5 | +21.7% |
| 2016 | 0.0763 approx. -2.5 to +2.5 | +1.0% |
| 2017 | -0.0487 approx. -2.5 to +2.5 | -163.8% |
| 2018 | -0.1479 approx. -2.5 to +2.5 | +203.7% |
| 2019 | -0.1308 approx. -2.5 to +2.5 | -11.5% |
| 2020 | -0.1239 approx. -2.5 to +2.5 | -5.3% |
| 2021 | -0.0493 approx. -2.5 to +2.5 | -60.2% |
| 2022 | -0.0408 approx. -2.5 to +2.5 | -17.2% |
| 2023 | 0.0535 approx. -2.5 to +2.5 | -231.2% |
| 2024 | 0.0499 approx. -2.5 to +2.5 | -6.8% |
Grenada compared with similar countries
- Grenada's 0.0499 approx. -2.5 to +2.5 is above the median for upper middle income countries, which is -0.1017 approx. -2.5 to +2.5. (59 countries reporting)
- Grenada's 0.0499 approx. -2.5 to +2.5 is above the median for Latin America & Caribbean, which is -0.0738 approx. -2.5 to +2.5. (37 countries reporting)
Biggest year-on-year movements
Years where Regulatory Quality - Governance estimate in Grenada 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.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +231.2% | -0.0408 approx. -2.5 to +2.5 | 0.0535 approx. -2.5 to +2.5 |
| 2018 | -203.7% | -0.0487 approx. -2.5 to +2.5 | -0.1479 approx. -2.5 to +2.5 |
| 2017 | -163.8% | 0.0763 approx. -2.5 to +2.5 | -0.0487 approx. -2.5 to +2.5 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3671 approx. -2.5 to +2.5 | 0.3517 approx. -2.5 to +2.5 | 0.3825 approx. -2.5 to +2.5 | 2 |
| 2000s | 0.2548 approx. -2.5 to +2.5 | 0.1135 approx. -2.5 to +2.5 | 0.4037 approx. -2.5 to +2.5 | 9 |
| 2010s | 0.0895 approx. -2.5 to +2.5 | -0.1479 approx. -2.5 to +2.5 | 0.3118 approx. -2.5 to +2.5 | 10 |
| 2020s | -0.0221 approx. -2.5 to +2.5 | -0.1239 approx. -2.5 to +2.5 | 0.0535 approx. -2.5 to +2.5 | 5 |
Countries ranked near Grenada
More reference data data for Grenada
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0023 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0047 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.007 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.007 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0076 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0034 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0219 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.0331 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0001 (2050)
Frequently asked questions
- What is regulatory quality - governance estimate in Grenada?
- Regulatory quality - governance estimate in Grenada was 0.0499 approx. -2.5 to +2.5 in 2024, according to The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG).
- What is the highest regulatory quality - governance estimate recorded in Grenada?
- The highest recorded value was 0.4037 approx. -2.5 to +2.5 in 2003.
- What is the lowest regulatory quality - governance estimate recorded in Grenada?
- The lowest recorded value was -0.1479 approx. -2.5 to +2.5 in 2018.
- How does Grenada rank for regulatory quality - governance estimate?
- Grenada ranks 91st out of 205 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in Grenada?
- Over the last ten years it is down 19.6%. The long-run trend across the full record is volatile.
- Where does this Grenada data come from?
- The figures come from The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG), published as part of Regulatory Quality - Governance estimate (approx. -2.5 to +2.5). Statizoid updates them automatically from the source API.
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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 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.