Regulatory Quality - Governance estimate in Micronesia (country)

Micronesia (country): Regulatory Quality - Governance estimate was -0.7633 approx. -2.5 to +2.5 in 2024. ◆ Volatile

Latest (2024)
-0.7633 approx. -2.5 to +2.5
Change on year
up 0.1%
World rank
161st
of 204 countries
All-time high
0.4809 approx. -2.5 to +2.5
in 2005
All-time low
-0.8515 approx. -2.5 to +2.5
in 2020
Years of data
21
2004–2024

Regulatory Quality - Governance estimate in Micronesia (country), 2004–2024

-1-0.500.52004201420242004: 0.155 approx. -2.5 to +2.52005: 0.481 approx. -2.5 to +2.52006: 0.478 approx. -2.5 to +2.52007: -0.157 approx. -2.5 to +2.52008: -0.465 approx. -2.5 to +2.52009: -0.551 approx. -2.5 to +2.52010: -0.551 approx. -2.5 to +2.52011: -0.78 approx. -2.5 to +2.52012: -0.785 approx. -2.5 to +2.52013: -0.761 approx. -2.5 to +2.52014: -0.808 approx. -2.5 to +2.52015: -0.78 approx. -2.5 to +2.52016: -0.773 approx. -2.5 to +2.52017: -0.681 approx. -2.5 to +2.52018: -0.771 approx. -2.5 to +2.52019: -0.85 approx. -2.5 to +2.52020: -0.852 approx. -2.5 to +2.52021: -0.762 approx. -2.5 to +2.52022: -0.764 approx. -2.5 to +2.52023: -0.764 approx. -2.5 to +2.52024: -0.763 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

Micronesia (country) recorded -0.7633 approx. -2.5 to +2.5 for regulatory quality - governance estimate in 2024.

Compared with earlier readings it is up 0.1% on the previous year and up 5.5% over ten years.

Over the whole period, regulatory quality - governance estimate in Micronesia (country) peaked at 0.4809 approx. -2.5 to +2.5 in 2005 and was at its lowest, -0.8515 approx. -2.5 to +2.5, in 2020.

That places Micronesia (country) 161st out of 204 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s -0.01 approx. -2.5 to +2.5 -0.5513 approx. -2.5 to +2.5 0.4809 approx. -2.5 to +2.5 6
2010s -0.754 approx. -2.5 to +2.5 -0.8495 approx. -2.5 to +2.5 -0.5512 approx. -2.5 to +2.5 10
2020s -0.7809 approx. -2.5 to +2.5 -0.8515 approx. -2.5 to +2.5 -0.7619 approx. -2.5 to +2.5 5

Countries ranked near Micronesia (country)

  1. 158 Tajikistan -0.7588 approx. -2.5 to +2.5 compare
  2. 159 Mali -0.7623 approx. -2.5 to +2.5 compare
  3. 160 Niger -0.7625 approx. -2.5 to +2.5 compare
  4. 162 Mozambique -0.7635 approx. -2.5 to +2.5 compare
  5. 163 Angola -0.773 approx. -2.5 to +2.5 compare
  6. 164 Mauritania -0.7782 approx. -2.5 to +2.5 compare

See the full ranking of 204 places →

More reference data data for Micronesia (country)

All data for Micronesia (country) →

Frequently asked questions

What is regulatory quality - governance estimate in Micronesia (country)?
Regulatory quality - governance estimate in Micronesia (country) was -0.7633 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 Micronesia (country)?
The highest recorded value was 0.4809 approx. -2.5 to +2.5 in 2005.
What is the lowest regulatory quality - governance estimate recorded in Micronesia (country)?
The lowest recorded value was -0.8515 approx. -2.5 to +2.5 in 2020.
How does Micronesia (country) rank for regulatory quality - governance estimate?
Micronesia (country) ranks 161st out of 204 countries with data for 2024.
Is regulatory quality - governance estimate rising or falling in Micronesia (country)?
Over the last ten years it is up 5.5%. The long-run trend across the full record is volatile.
Where does this Micronesia (country) 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

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
204 places, 5,143 data points, 1996–2024
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.