Regulatory Quality - Governance estimate in Latvia
Latvia: Regulatory Quality - Governance estimate was 1.1 approx. -2.5 to +2.5 in 2024. ▲ Rising
Regulatory Quality - Governance estimate in Latvia, 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 Latvia stood at 1.1 approx. -2.5 to +2.5.
That represents a change of up 10.3% on the previous year and up 8.0% over ten years.
Over the whole period, regulatory quality - governance estimate in Latvia peaked at 1.1 approx. -2.5 to +2.5 in 2021 and was at its lowest, 0.4416 approx. -2.5 to +2.5, in 2000.
That places Latvia 32nd out of 205 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Regulatory Quality - Governance estimate in Latvia, year by year
| Year | approx. -2.5 to +2.5 | Change |
|---|---|---|
| 1996 | 0.5718 approx. -2.5 to +2.5 | — |
| 1998 | 0.4973 approx. -2.5 to +2.5 | -13.0% |
| 2000 | 0.4416 approx. -2.5 to +2.5 | -11.2% |
| 2002 | 0.8704 approx. -2.5 to +2.5 | +97.1% |
| 2003 | 1.09 approx. -2.5 to +2.5 | +25.3% |
| 2004 | 0.9258 approx. -2.5 to +2.5 | -15.1% |
| 2005 | 0.9713 approx. -2.5 to +2.5 | +4.9% |
| 2006 | 1.06 approx. -2.5 to +2.5 | +8.8% |
| 2007 | 1.03 approx. -2.5 to +2.5 | -2.7% |
| 2008 | 1.02 approx. -2.5 to +2.5 | -1.2% |
| 2009 | 0.9947 approx. -2.5 to +2.5 | -2.1% |
| 2010 | 0.9999 approx. -2.5 to +2.5 | +0.5% |
| 2011 | 1.03 approx. -2.5 to +2.5 | +2.8% |
| 2012 | 0.9299 approx. -2.5 to +2.5 | -9.5% |
| 2013 | 0.9497 approx. -2.5 to +2.5 | +2.1% |
| 2014 | 1.02 approx. -2.5 to +2.5 | +7.2% |
| 2015 | 1.01 approx. -2.5 to +2.5 | -1.2% |
| 2016 | 0.9858 approx. -2.5 to +2.5 | -2.0% |
| 2017 | 0.9965 approx. -2.5 to +2.5 | +1.1% |
| 2018 | 1.02 approx. -2.5 to +2.5 | +2.1% |
| 2019 | 1 approx. -2.5 to +2.5 | -1.4% |
| 2020 | 0.9806 approx. -2.5 to +2.5 | -2.2% |
| 2021 | 1.1 approx. -2.5 to +2.5 | +12.5% |
| 2022 | 0.9591 approx. -2.5 to +2.5 | -13.0% |
| 2023 | 0.9975 approx. -2.5 to +2.5 | +4.0% |
| 2024 | 1.1 approx. -2.5 to +2.5 | +10.3% |
Latvia compared with similar countries
- Latvia's 1.1 approx. -2.5 to +2.5 is above the median for high income countries, which is 0.9502 approx. -2.5 to +2.5, 1.2× the median. (73 countries reporting)
- Latvia's 1.1 approx. -2.5 to +2.5 is above the median for Europe & Central Asia, which is 0.65 approx. -2.5 to +2.5, 1.7× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Regulatory Quality - Governance estimate in Latvia 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 |
|---|---|---|---|
| 2002 | +97.1% | 0.4416 approx. -2.5 to +2.5 | 0.8704 approx. -2.5 to +2.5 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5346 approx. -2.5 to +2.5 | 0.4973 approx. -2.5 to +2.5 | 0.5718 approx. -2.5 to +2.5 | 2 |
| 2000s | 0.9329 approx. -2.5 to +2.5 | 0.4416 approx. -2.5 to +2.5 | 1.09 approx. -2.5 to +2.5 | 9 |
| 2010s | 0.9934 approx. -2.5 to +2.5 | 0.9299 approx. -2.5 to +2.5 | 1.03 approx. -2.5 to +2.5 | 10 |
| 2020s | 1.03 approx. -2.5 to +2.5 | 0.9591 approx. -2.5 to +2.5 | 1.1 approx. -2.5 to +2.5 | 5 |
Countries ranked near Latvia
- 29 Israel 1.11 approx. -2.5 to +2.5 compare
- 30 Monaco 1.1 approx. -2.5 to +2.5 compare
- 30 United States Virgin Islands 1.1 approx. -2.5 to +2.5 compare
- 33 Cayman Islands 1.07 approx. -2.5 to +2.5 compare
- 34 South Korea 1.01 approx. -2.5 to +2.5 compare
- 35 Aruba 0.9809 approx. -2.5 to +2.5 compare
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is regulatory quality - governance estimate in Latvia?
- Regulatory quality - governance estimate in Latvia was 1.1 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 Latvia?
- The highest recorded value was 1.1 approx. -2.5 to +2.5 in 2021.
- What is the lowest regulatory quality - governance estimate recorded in Latvia?
- The lowest recorded value was 0.4416 approx. -2.5 to +2.5 in 2000.
- How does Latvia rank for regulatory quality - governance estimate?
- Latvia ranks 32nd out of 205 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in Latvia?
- Over the last ten years it is up 8.0%. The long-run trend across the full record is rising.
- Where does this Latvia 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.