Regulatory Quality - Standard error of the governance estimate in Iceland

Iceland: Regulatory Quality - Standard error of the governance estimate was 0.2373 in 2025. ▼ Falling

Latest (2025)
0.2373
Change on year
unchanged
World rank
38th
of 206 countries
All-time high
0.2963
in 1996
All-time low
0.2373
in 2024
Years of data
27
1996–2025

Regulatory Quality - Standard error of the governance estimate in Iceland, 1996–2025

00.10.20.31996201020251996: 0.2961998: 0.2962000: 0.2962002: 0.2962003: 0.2962004: 0.2962005: 0.2962006: 0.2382007: 0.2382008: 0.2382009: 0.2382010: 0.2382011: 0.2382012: 0.2382013: 0.2382014: 0.2382015: 0.2382016: 0.2382017: 0.2382018: 0.2382019: 0.2382020: 0.2382021: 0.2382022: 0.2382023: 0.2382024: 0.2372025: 0.237

Source: World Bank.

Analysis

Iceland recorded 0.2373 for regulatory quality - standard error of the governance estimate in 2025. That is the lowest value across all 27 years on record.

Compared with earlier readings it is down 0.2% over ten years.

Over the whole period, regulatory quality - standard error of the governance estimate in Iceland peaked at 0.2963 in 1996 and was at its lowest, 0.2373, in 2024.

That places Iceland 38th out of 206 countries with data for 2025, putting it in the top quarter.

The long-run direction has been consistently falling across the 27 years of available data.

Regulatory Quality - Standard error of the governance estimate in Iceland, year by year

Annual values for Regulatory Quality - Standard error of the governance estimate in Iceland, 1996 to 2025.
Year Value Change
1996 0.2963 —
1998 0.2963 +0.0%
2000 0.2963 +0.0%
2002 0.2963 +0.0%
2003 0.2963 +0.0%
2004 0.2963 +0.0%
2005 0.2963 +0.0%
2006 0.2377 -19.8%
2007 0.2377 +0.0%
2008 0.2377 +0.0%
2009 0.2377 +0.0%
2010 0.2377 +0.0%
2011 0.2377 +0.0%
2012 0.2377 +0.0%
2013 0.2377 +0.0%
2014 0.2377 +0.0%
2015 0.2377 +0.0%
2016 0.2377 +0.0%
2017 0.2377 +0.0%
2018 0.2377 +0.0%
2019 0.2377 +0.0%
2020 0.2377 +0.0%
2021 0.2377 +0.0%
2022 0.2377 +0.0%
2023 0.2377 +0.0%
2024 0.2373 -0.2%
2025 0.2373 +0.0%

Iceland compared with similar countries

  • Iceland's 0.2373 is above the median for high income countries, which is 0.2179, 1.1× the median. (74 countries reporting)
  • Iceland's 0.2373 is above the median for Europe & Central Asia, which is 0.2163, 1.1× the median. (54 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.2963 0.2963 0.2963 2
2000s 0.2703 0.2377 0.2963 9
2010s 0.2377 0.2377 0.2377 10
2020s 0.2376 0.2373 0.2377 6

Countries ranked near Iceland

  1. 35 Turkmenistan 0.243 compare
  2. 36 Barbados 0.2427 compare
  3. 37 Bahamas 0.2409 compare
  4. 38 Israel 0.2373 compare
  5. 38 Switzerland 0.2373 compare
  6. 41 Libya 0.2345 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 - standard error of the governance estimate in Iceland?
Regulatory quality - standard error of the governance estimate in Iceland was 0.2373 in 2025, according to the World Bank.
What is the highest regulatory quality - standard error of the governance estimate recorded in Iceland?
The highest recorded value was 0.2963 in 1996.
What is the lowest regulatory quality - standard error of the governance estimate recorded in Iceland?
The lowest recorded value was 0.2373 in 2024.
How does Iceland rank for regulatory quality - standard error of the governance estimate?
Iceland ranks 38th out of 206 countries with data for 2025.
Is regulatory quality - standard error of the governance estimate rising or falling in Iceland?
Over the last ten years it is down 0.2%. The long-run trend across the full record is falling.
Where does this Iceland data come from?
The figures come from the World Bank, published as part of Regulatory Quality - Standard error of the governance estimate. Statizoid updates them automatically from the source API.

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Regulatory Quality - Standard error of the governance estimate in Iceland. Statizoid. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/regulatory-quality-standard-error-of-the-governance-estimate/iceland/

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About this data

Indicator
Regulatory Quality - Standard error of the governance estimate
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
206 places, 5,391 data points, 1996–2025
Last refreshed