Regulatory Quality - Governance estimate in Panama
Panama: Regulatory Quality - Governance estimate was -0.0738 approx. -2.5 to +2.5 in 2024. ▼ Falling
Regulatory Quality - Governance estimate in Panama, 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
The most recent figure for regulatory quality - governance estimate in Panama is -0.0738 approx. -2.5 to +2.5, measured in 2024. That is the lowest value across all 26 years on record.
The figure is down 420.2% on the previous year and down 119.1% over ten years.
Over the whole period, regulatory quality - governance estimate in Panama peaked at 0.5995 approx. -2.5 to +2.5 in 1998 and was at its lowest, -0.0738 approx. -2.5 to +2.5, in 2024.
That places Panama 100th out of 205 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Regulatory Quality - Governance estimate in Panama, year by year
| Year | approx. -2.5 to +2.5 | Change |
|---|---|---|
| 1996 | 0.1771 approx. -2.5 to +2.5 | — |
| 1998 | 0.5995 approx. -2.5 to +2.5 | +238.6% |
| 2000 | 0.5209 approx. -2.5 to +2.5 | -13.1% |
| 2002 | 0.4404 approx. -2.5 to +2.5 | -15.4% |
| 2003 | 0.2684 approx. -2.5 to +2.5 | -39.1% |
| 2004 | 0.2422 approx. -2.5 to +2.5 | -9.7% |
| 2005 | 0.3129 approx. -2.5 to +2.5 | +29.2% |
| 2006 | 0.3178 approx. -2.5 to +2.5 | +1.6% |
| 2007 | 0.4048 approx. -2.5 to +2.5 | +27.4% |
| 2008 | 0.5433 approx. -2.5 to +2.5 | +34.2% |
| 2009 | 0.417 approx. -2.5 to +2.5 | -23.2% |
| 2010 | 0.5004 approx. -2.5 to +2.5 | +20.0% |
| 2011 | 0.5429 approx. -2.5 to +2.5 | +8.5% |
| 2012 | 0.4724 approx. -2.5 to +2.5 | -13.0% |
| 2013 | 0.4206 approx. -2.5 to +2.5 | -11.0% |
| 2014 | 0.3859 approx. -2.5 to +2.5 | -8.2% |
| 2015 | 0.4213 approx. -2.5 to +2.5 | +9.2% |
| 2016 | 0.4184 approx. -2.5 to +2.5 | -0.7% |
| 2017 | 0.3409 approx. -2.5 to +2.5 | -18.5% |
| 2018 | 0.3137 approx. -2.5 to +2.5 | -8.0% |
| 2019 | 0.319 approx. -2.5 to +2.5 | +1.7% |
| 2020 | 0.2697 approx. -2.5 to +2.5 | -15.5% |
| 2021 | 0.2114 approx. -2.5 to +2.5 | -21.6% |
| 2022 | 0.0394 approx. -2.5 to +2.5 | -81.4% |
| 2023 | 0.023 approx. -2.5 to +2.5 | -41.5% |
| 2024 | -0.0738 approx. -2.5 to +2.5 | -420.2% |
Panama compared with similar countries
- Panama's -0.0738 approx. -2.5 to +2.5 is below the median for high income countries, which is 0.9502 approx. -2.5 to +2.5. (73 countries reporting)
- Panama's -0.0738 approx. -2.5 to +2.5 is above the median for Latin America & Caribbean, which is -0.0738 approx. -2.5 to +2.5, 1.0× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Regulatory Quality - Governance estimate in Panama 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 |
|---|---|---|---|
| 2024 | -420.2% | 0.023 approx. -2.5 to +2.5 | -0.0738 approx. -2.5 to +2.5 |
| 1998 | +238.6% | 0.1771 approx. -2.5 to +2.5 | 0.5995 approx. -2.5 to +2.5 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3883 approx. -2.5 to +2.5 | 0.1771 approx. -2.5 to +2.5 | 0.5995 approx. -2.5 to +2.5 | 2 |
| 2000s | 0.3853 approx. -2.5 to +2.5 | 0.2422 approx. -2.5 to +2.5 | 0.5433 approx. -2.5 to +2.5 | 9 |
| 2010s | 0.4135 approx. -2.5 to +2.5 | 0.3137 approx. -2.5 to +2.5 | 0.5429 approx. -2.5 to +2.5 | 10 |
| 2020s | 0.094 approx. -2.5 to +2.5 | -0.0738 approx. -2.5 to +2.5 | 0.2697 approx. -2.5 to +2.5 | 5 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is regulatory quality - governance estimate in Panama?
- Regulatory quality - governance estimate in Panama was -0.0738 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 Panama?
- The highest recorded value was 0.5995 approx. -2.5 to +2.5 in 1998.
- What is the lowest regulatory quality - governance estimate recorded in Panama?
- The lowest recorded value was -0.0738 approx. -2.5 to +2.5 in 2024.
- How does Panama rank for regulatory quality - governance estimate?
- Panama ranks 100th out of 205 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in Panama?
- Over the last ten years it is down 119.1%. The long-run trend across the full record is falling.
- Where does this Panama 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.