Regulatory Quality - Standard error of the governance estimate in South Korea

South Korea: Regulatory Quality - Standard error of the governance estimate was 0.1961 in 2024. ▼ Falling

Latest (2024)
0.1961
Change on year
down 0.1%
World rank
124th
of 204 countries
All-time high
0.2405
in 1996
All-time low
0.1961
in 2024
Years of data
26
1996–2024

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

00.050.10.150.20.251996201020241996: 0.2411998: 0.2412000: 0.2412002: 0.2142003: 0.2142004: 0.2142005: 0.2142006: 0.2142007: 0.2142008: 0.2142009: 0.2142010: 0.2142011: 0.1962012: 0.1962013: 0.1962014: 0.1962015: 0.1962016: 0.1962017: 0.1962018: 0.1962019: 0.1962020: 0.1962021: 0.1962022: 0.1962023: 0.1962024: 0.196

Source: World Bank.

Analysis

The most recent figure for regulatory quality - standard error of the governance estimate in South Korea is 0.1961, measured in 2024. That is the lowest value across all 26 years on record.

That represents a change of down 0.1% on the previous year and down 0.1% over ten years.

Over the whole period, regulatory quality - standard error of the governance estimate in South Korea peaked at 0.2405 in 1996 and was at its lowest, 0.1961, in 2024.

That places South Korea 124th out of 204 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.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.2405 0.2405 0.2405 2
2000s 0.2168 0.2139 0.2405 9
2010s 0.1981 0.1963 0.2139 10
2020s 0.1963 0.1961 0.1963 5

Countries ranked near South Korea

  1. 124 Bulgaria 0.1961 compare
  2. 124 China 0.1961 compare
  3. 124 Colombia 0.1961 compare
  4. 124 Croatia 0.1961 compare
  5. 124 Czechia 0.1961 compare
  6. 124 Estonia 0.1961 compare
  7. 124 Hungary 0.1961 compare
  8. 124 Kazakhstan 0.1961 compare
  9. 124 Latvia 0.1961 compare
  10. 124 Malaysia 0.1961 compare
  11. 124 Mexico 0.1961 compare
  12. 124 Peru 0.1961 compare
  13. 124 Poland 0.1961 compare
  14. 124 Romania 0.1961 compare
  15. 124 Singapore 0.1961 compare
  16. 124 Slovakia 0.1961 compare
  17. 124 Slovenia 0.1961 compare
  18. 124 Turkey 0.1961 compare

See the full ranking of 205 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is regulatory quality - standard error of the governance estimate in South Korea?
Regulatory quality - standard error of the governance estimate in South Korea was 0.1961 in 2024, according to the World Bank.
What is the highest regulatory quality - standard error of the governance estimate recorded in South Korea?
The highest recorded value was 0.2405 in 1996.
What is the lowest regulatory quality - standard error of the governance estimate recorded in South Korea?
The lowest recorded value was 0.1961 in 2024.
How does South Korea rank for regulatory quality - standard error of the governance estimate?
South Korea ranks 124th out of 204 countries with data for 2024.
Is regulatory quality - standard error of the governance estimate rising or falling in South Korea?
Over the last ten years it is down 0.1%. The long-run trend across the full record is falling.
Where does this South Korea 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