Regulatory Quality - Governance estimate in Iceland
Iceland: Regulatory Quality - Governance estimate was 1.33 approx. -2.5 to +2.5 in 2024. ▬ Flat
Regulatory Quality - Governance estimate in Iceland, 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
Iceland recorded 1.33 approx. -2.5 to +2.5 for regulatory quality - governance estimate in 2024.
Compared with earlier readings it is down 4.6% on the previous year and up 11.0% 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, 0.7149 approx. -2.5 to +2.5, in 1996.
Iceland ranks 22nd of 205 countries on this measure, in the top quarter.
Regulatory Quality - Governance estimate in Iceland, year by year
| Year | approx. -2.5 to +2.5 | Change |
|---|---|---|
| 1996 | 0.7149 approx. -2.5 to +2.5 | — |
| 1998 | 1.08 approx. -2.5 to +2.5 | +50.9% |
| 2000 | 1.45 approx. -2.5 to +2.5 | +34.7% |
| 2002 | 1.66 approx. -2.5 to +2.5 | +14.0% |
| 2003 | 1.77 approx. -2.5 to +2.5 | +7.0% |
| 2004 | 1.79 approx. -2.5 to +2.5 | +1.0% |
| 2005 | 1.81 approx. -2.5 to +2.5 | +0.9% |
| 2006 | 1.79 approx. -2.5 to +2.5 | -0.9% |
| 2007 | 1.72 approx. -2.5 to +2.5 | -4.1% |
| 2008 | 1.42 approx. -2.5 to +2.5 | -17.3% |
| 2009 | 1.47 approx. -2.5 to +2.5 | +3.2% |
| 2010 | 0.9752 approx. -2.5 to +2.5 | -33.5% |
| 2011 | 1.15 approx. -2.5 to +2.5 | +17.8% |
| 2012 | 1.18 approx. -2.5 to +2.5 | +3.1% |
| 2013 | 1.15 approx. -2.5 to +2.5 | -3.2% |
| 2014 | 1.2 approx. -2.5 to +2.5 | +4.4% |
| 2015 | 1.3 approx. -2.5 to +2.5 | +8.2% |
| 2016 | 1.28 approx. -2.5 to +2.5 | -1.0% |
| 2017 | 1.43 approx. -2.5 to +2.5 | +11.1% |
| 2018 | 1.44 approx. -2.5 to +2.5 | +1.0% |
| 2019 | 1.52 approx. -2.5 to +2.5 | +5.3% |
| 2020 | 1.47 approx. -2.5 to +2.5 | -3.2% |
| 2021 | 1.63 approx. -2.5 to +2.5 | +11.1% |
| 2022 | 1.43 approx. -2.5 to +2.5 | -12.6% |
| 2023 | 1.39 approx. -2.5 to +2.5 | -2.1% |
| 2024 | 1.33 approx. -2.5 to +2.5 | -4.6% |
Iceland compared with similar countries
- Iceland's 1.33 approx. -2.5 to +2.5 is above the median for high income countries, which is 0.9502 approx. -2.5 to +2.5, 1.4× the median. (73 countries reporting)
- Iceland's 1.33 approx. -2.5 to +2.5 is above the median for Europe & Central Asia, which is 0.65 approx. -2.5 to +2.5, 2.0× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Regulatory Quality - Governance estimate in Iceland 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 |
|---|---|---|---|
| 1998 | +50.9% | 0.7149 approx. -2.5 to +2.5 | 1.08 approx. -2.5 to +2.5 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.897 approx. -2.5 to +2.5 | 0.7149 approx. -2.5 to +2.5 | 1.08 approx. -2.5 to +2.5 | 2 |
| 2000s | 1.65 approx. -2.5 to +2.5 | 1.42 approx. -2.5 to +2.5 | 1.81 approx. -2.5 to +2.5 | 9 |
| 2010s | 1.26 approx. -2.5 to +2.5 | 0.9752 approx. -2.5 to +2.5 | 1.52 approx. -2.5 to +2.5 | 10 |
| 2020s | 1.45 approx. -2.5 to +2.5 | 1.33 approx. -2.5 to +2.5 | 1.63 approx. -2.5 to +2.5 | 5 |
Countries ranked near Iceland
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is regulatory quality - governance estimate in Iceland?
- Regulatory quality - governance estimate in Iceland was 1.33 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 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 0.7149 approx. -2.5 to +2.5 in 1996.
- How does Iceland rank for regulatory quality - governance estimate?
- Iceland ranks 22nd out of 205 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in Iceland?
- Over the last ten years it is up 11.0%. 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.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.