Regulatory Quality - Governance estimate (approx. -2.5 to +2.5) in Iceland

Iceland: Regulatory Quality - Governance estimate (approx. -2.5 to +2.5) was 1.07 approx. -2.5 to +2.5 in 2025. ▬ Flat

Latest (2025)
1.07 approx. -2.5 to +2.5
Change on year
down 13.0%
World rank
29th
of 206 countries
All-time high
1.81 approx. -2.5 to +2.5
in 2005
All-time low
0.8241 approx. -2.5 to +2.5
in 1996
Years of data
27
1996–2025

Regulatory Quality - Governance estimate in Iceland, 1996–2025

00.511.521996201020251996: 0.824 approx. -2.5 to +2.51998: 1.1 approx. -2.5 to +2.52000: 1.4 approx. -2.5 to +2.52002: 1.6 approx. -2.5 to +2.52003: 1.7 approx. -2.5 to +2.52004: 1.8 approx. -2.5 to +2.52005: 1.8 approx. -2.5 to +2.52006: 1.8 approx. -2.5 to +2.52007: 1.7 approx. -2.5 to +2.52008: 1.4 approx. -2.5 to +2.52009: 1.5 approx. -2.5 to +2.52010: 1.1 approx. -2.5 to +2.52011: 1.2 approx. -2.5 to +2.52012: 1.2 approx. -2.5 to +2.52013: 1.2 approx. -2.5 to +2.52014: 1.3 approx. -2.5 to +2.52015: 1.4 approx. -2.5 to +2.52016: 1.3 approx. -2.5 to +2.52017: 1.5 approx. -2.5 to +2.52018: 1.5 approx. -2.5 to +2.52019: 1.6 approx. -2.5 to +2.52020: 1.5 approx. -2.5 to +2.52021: 1.6 approx. -2.5 to +2.52022: 1.4 approx. -2.5 to +2.52023: 1.3 approx. -2.5 to +2.52024: 1.2 approx. -2.5 to +2.52025: 1.1 approx. -2.5 to +2.5

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

Iceland recorded 1.07 approx. -2.5 to +2.5 for regulatory quality - governance estimate in 2025.

Compared with earlier readings it is down 13.0% on the previous year and down 21.6% over ten years.

Over the whole period, regulatory quality - governance estimate in Iceland peaked at 1.81 approx. -2.5 to +2.5 in 2005 and was at its lowest, 0.8241 approx. -2.5 to +2.5, in 1996.

Iceland ranks 29th of 206 countries on this measure, in the top quarter.

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

Annual values for Regulatory Quality - Governance estimate (approx. -2.5 to +2.5) in Iceland, 1996 to 2025.
Year approx. -2.5 to +2.5 Change
1996 0.8241 approx. -2.5 to +2.5 —
1998 1.11 approx. -2.5 to +2.5 +34.2%
2000 1.42 approx. -2.5 to +2.5 +28.7%
2002 1.63 approx. -2.5 to +2.5 +14.9%
2003 1.74 approx. -2.5 to +2.5 +6.2%
2004 1.79 approx. -2.5 to +2.5 +3.2%
2005 1.81 approx. -2.5 to +2.5 +1.0%
2006 1.77 approx. -2.5 to +2.5 -2.2%
2007 1.7 approx. -2.5 to +2.5 -3.8%
2008 1.42 approx. -2.5 to +2.5 -16.5%
2009 1.45 approx. -2.5 to +2.5 +2.1%
2010 1.07 approx. -2.5 to +2.5 -26.1%
2011 1.22 approx. -2.5 to +2.5 +14.0%
2012 1.24 approx. -2.5 to +2.5 +1.5%
2013 1.22 approx. -2.5 to +2.5 -2.0%
2014 1.28 approx. -2.5 to +2.5 +4.9%
2015 1.36 approx. -2.5 to +2.5 +6.4%
2016 1.35 approx. -2.5 to +2.5 -1.0%
2017 1.48 approx. -2.5 to +2.5 +9.8%
2018 1.49 approx. -2.5 to +2.5 +0.7%
2019 1.56 approx. -2.5 to +2.5 +4.6%
2020 1.5 approx. -2.5 to +2.5 -3.4%
2021 1.64 approx. -2.5 to +2.5 +9.1%
2022 1.43 approx. -2.5 to +2.5 -13.0%
2023 1.34 approx. -2.5 to +2.5 -6.4%
2024 1.22 approx. -2.5 to +2.5 -8.3%
2025 1.07 approx. -2.5 to +2.5 -13.0%

Iceland compared with similar countries

  • Iceland's 1.07 approx. -2.5 to +2.5 is above the median for high income countries, which is 0.9078 approx. -2.5 to +2.5, 1.2× the median. (74 countries reporting)
  • Iceland's 1.07 approx. -2.5 to +2.5 is above the median for Europe & Central Asia, which is 0.6107 approx. -2.5 to +2.5, 1.7× the median. (54 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.965 approx. -2.5 to +2.5 0.8241 approx. -2.5 to +2.5 1.11 approx. -2.5 to +2.5 2
2000s 1.64 approx. -2.5 to +2.5 1.42 approx. -2.5 to +2.5 1.81 approx. -2.5 to +2.5 9
2010s 1.33 approx. -2.5 to +2.5 1.07 approx. -2.5 to +2.5 1.56 approx. -2.5 to +2.5 10
2020s 1.37 approx. -2.5 to +2.5 1.07 approx. -2.5 to +2.5 1.64 approx. -2.5 to +2.5 6

Countries ranked near Iceland

  1. 26 Czechia 1.07 approx. -2.5 to +2.5 compare
  2. 27 Greenland 1.07 approx. -2.5 to +2.5 compare
  3. 28 Austria 1.07 approx. -2.5 to +2.5 compare
  4. 30 Latvia 1.02 approx. -2.5 to +2.5 compare
  5. 31 United States 1.01 approx. -2.5 to +2.5 compare
  6. 32 South Korea 1 approx. -2.5 to +2.5 compare

See the full ranking of 206 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is regulatory quality - governance estimate in Iceland?
Regulatory quality - governance estimate in Iceland was 1.07 approx. -2.5 to +2.5 in 2025, 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 Iceland?
The highest recorded value was 1.81 approx. -2.5 to +2.5 in 2005.
What is the lowest regulatory quality - governance estimate recorded in Iceland?
The lowest recorded value was 0.8241 approx. -2.5 to +2.5 in 1996.
How does Iceland rank for regulatory quality - governance estimate?
Iceland ranks 29th out of 206 countries with data for 2025.
Is regulatory quality - governance estimate rising or falling in Iceland?
Over the last ten years it is down 21.6%. The long-run trend across the full record is flat.
Where does this Iceland 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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Regulatory Quality - Governance estimate in Iceland. Statizoid, drawing on The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG). Retrieved 13 November 2026, from https://reference.statizoid.com/stat/regulatory-quality-governance-estimate-approx-2-5-to-2-5/iceland/

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About this data

Indicator
Regulatory Quality - Governance estimate (approx. -2.5 to +2.5)
Unit
approx. -2.5 to +2.5
Source
The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
206 places, 5,391 data points, 1996–2025
Last refreshed

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.