Regulatory Quality - Standard error of the governance estimate in Iceland

Iceland: Regulatory Quality - Standard error of the governance estimate was 0.2401 in 2024. ▼ Falling

Latest (2024)
0.2401
Change on year
down 0.2%
World rank
40th
of 204 countries
All-time high
0.2857
in 1996
All-time low
0.2401
in 2024
Years of data
26
1996–2024

Regulatory Quality - Standard error of the governance estimate in Iceland, 1996–2024

00.10.20.31996201020241996: 0.2861998: 0.2862000: 0.2862002: 0.2862003: 0.2862004: 0.2862005: 0.2862006: 0.2412007: 0.2412008: 0.2412009: 0.2412010: 0.2412011: 0.2412012: 0.2412013: 0.2412014: 0.2412015: 0.2412016: 0.2412017: 0.2412018: 0.2412019: 0.2412020: 0.2412021: 0.2412022: 0.2412023: 0.2412024: 0.24

Source: World Bank.

Analysis

Iceland recorded 0.2401 for regulatory quality - standard error of the governance estimate in 2024. That is the lowest value across all 26 years on record.

Compared with earlier readings it is down 0.2% on the previous year and down 0.2% over ten years.

Over the whole period, regulatory quality - standard error of the governance estimate in Iceland peaked at 0.2857 in 1996 and was at its lowest, 0.2401, in 2024.

That places Iceland 40th out of 204 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently falling across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.2857 0.2857 0.2857 2
2000s 0.2657 0.2405 0.2857 9
2010s 0.2405 0.2405 0.2405 10
2020s 0.2404 0.2401 0.2405 5

Countries ranked near Iceland

  1. 37 Bahamas 0.2432 compare
  2. 38 Equatorial Guinea 0.2421 compare
  3. 39 Switzerland 0.2405 compare
  4. 40 Israel 0.2401 compare
  5. 42 Iraq 0.2398 compare
  6. 43 Cuba 0.2397 compare
  7. 43 North Korea 0.2397 compare

See the full ranking of 205 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 0.2401 in 2024, 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 0.2857 in 1996.
What is the lowest regulatory quality - standard error of the governance estimate recorded in Iceland?
The lowest recorded value was 0.2401 in 2024.
How does Iceland rank for regulatory quality - standard error of the governance estimate?
Iceland ranks 40th out of 204 countries with data for 2024.
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.

Download this data

CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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
205 places, 5,169 data points, 1996–2024
Last refreshed