Regulatory Quality - Standard error of the governance estimate in Korea, Democratic People's Republic of

Korea, Democratic People's Republic of: Regulatory Quality - Standard error of the governance estimate was 0.2397 in 2024. ▼ Falling

Latest (2024)
0.2397
Change on year
unchanged
World rank
43rd
of 206 countries
All-time high
0.3584
in 1996
All-time low
0.2292
in 2004
Years of data
26
1996–2024

Regulatory Quality - Standard error of the governance estimate in Korea, Democratic People's Republic of, 1996–2024

00.10.20.30.41996201020241996: 0.3581998: 0.3582000: 0.3582002: 0.2842003: 0.2842004: 0.2292005: 0.2292006: 0.2292007: 0.2292008: 0.2292009: 0.2292010: 0.2292011: 0.2292012: 0.2292013: 0.2292014: 0.2292015: 0.2292016: 0.2292017: 0.2292018: 0.2292019: 0.2292020: 0.2292021: 0.2292022: 0.2292023: 0.242024: 0.24

Source: World Bank.

Analysis

In 2024, regulatory quality - standard error of the governance estimate in Korea, Democratic People's Republic of stood at 0.2397.

Compared with earlier readings it is up 4.6% over ten years.

Over the whole period, regulatory quality - standard error of the governance estimate in Korea, Democratic People's Republic of peaked at 0.3584 in 1996 and was at its lowest, 0.2292, in 2004.

That places Korea, Democratic People's Republic of 43rd out of 206 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.

Regulatory Quality - Standard error of the governance estimate in Korea, Democratic People's Republic of, year by year

Annual values for Regulatory Quality - Standard error of the governance estimate in Korea, Democratic People's Republic of, 1996 to 2024.
Year Value Change
1996 0.3584
1998 0.3584 +0.0%
2000 0.3584 +0.0%
2002 0.2844 -20.7%
2003 0.2844 +0.0%
2004 0.2292 -19.4%
2005 0.2292 +0.0%
2006 0.2292 +0.0%
2007 0.2292 +0.0%
2008 0.2292 +0.0%
2009 0.2292 +0.0%
2010 0.2292 +0.0%
2011 0.2292 +0.0%
2012 0.2292 +0.0%
2013 0.2292 +0.0%
2014 0.2292 +0.0%
2015 0.2292 +0.0%
2016 0.2292 +0.0%
2017 0.2292 +0.0%
2018 0.2292 +0.0%
2019 0.2292 +0.0%
2020 0.2292 +0.0%
2021 0.2292 +0.0%
2022 0.2292 +0.0%
2023 0.2397 +4.6%
2024 0.2397 +0.0%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.3584 0.3584 0.3584 2
2000s 0.2558 0.2292 0.3584 9
2010s 0.2292 0.2292 0.2292 10
2020s 0.2334 0.2292 0.2397 5

Countries ranked near Korea, Democratic People's Republic of

  1. 40 Iceland 0.2401 compare
  2. 40 Israel 0.2401 compare
  3. 42 Iraq 0.2398 compare
  4. 43 Cuba 0.2397 compare
  5. 45 Malta 0.2323 compare
  6. 46 Libya 0.23 compare

See the full ranking of 206 places →

More reference data data for Korea, Democratic People's Republic of

All data for Korea, Democratic People's Republic of →

Frequently asked questions

What is regulatory quality - standard error of the governance estimate in Korea, Democratic People's Republic of?
Regulatory quality - standard error of the governance estimate in Korea, Democratic People's Republic of was 0.2397 in 2024, according to the World Bank.
What is the highest regulatory quality - standard error of the governance estimate recorded in Korea, Democratic People's Republic of?
The highest recorded value was 0.3584 in 1996.
What is the lowest regulatory quality - standard error of the governance estimate recorded in Korea, Democratic People's Republic of?
The lowest recorded value was 0.2292 in 2004.
How does Korea, Democratic People's Republic of rank for regulatory quality - standard error of the governance estimate?
Korea, Democratic People's Republic of ranks 43rd out of 206 countries with data for 2024.
Is regulatory quality - standard error of the governance estimate rising or falling in Korea, Democratic People's Republic of?
Over the last ten years it is up 4.6%. The long-run trend across the full record is falling.
Where does this Korea, Democratic People's Republic of 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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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, 5,186 data points, 1996–2024
Last refreshed