Regulatory Quality - Standard error of the governance estimate in Nigeria

Nigeria: Regulatory Quality - Standard error of the governance estimate was 0.1721 in 2024. ▼ Falling

Latest (2024)
0.1721
Change on year
unchanged
World rank
171st
of 204 countries
All-time high
0.2793
in 1996
All-time low
0.1549
in 2013
Years of data
26
1996–2024

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

00.10.20.31996201020241996: 0.2791998: 0.2792000: 0.2642002: 0.232003: 0.232004: 0.1782005: 0.1662006: 0.1662007: 0.1662008: 0.1662009: 0.1662010: 0.1662011: 0.1582012: 0.1582013: 0.1552014: 0.1552015: 0.1552016: 0.1552017: 0.1552018: 0.1552019: 0.1552020: 0.1552021: 0.182022: 0.182023: 0.1722024: 0.172

Source: World Bank.

Analysis

In 2024, regulatory quality - standard error of the governance estimate in Nigeria stood at 0.1721.

Compared with earlier readings it is up 11.1% over ten years.

Over the whole period, regulatory quality - standard error of the governance estimate in Nigeria peaked at 0.2793 in 1996 and was at its lowest, 0.1549, in 2013.

Nigeria ranks 171st of 204 countries on this measure, in the bottom quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.2793 0.2793 0.2793 2
2000s 0.1926 0.1664 0.2638 9
2010s 0.1566 0.1549 0.1664 10
2020s 0.1718 0.1549 0.18 5

Countries ranked near Nigeria

  1. 168 Bangladesh 0.1826 compare
  2. 168 Pakistan 0.1826 compare
  3. 170 Guinea-Bissau 0.1796 compare
  4. 172 Djibouti 0.1712 compare
  5. 172 Eritrea 0.1712 compare
  6. 174 Central African Republic 0.171 compare

See the full ranking of 205 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is regulatory quality - standard error of the governance estimate in Nigeria?
Regulatory quality - standard error of the governance estimate in Nigeria was 0.1721 in 2024, according to the World Bank.
What is the highest regulatory quality - standard error of the governance estimate recorded in Nigeria?
The highest recorded value was 0.2793 in 1996.
What is the lowest regulatory quality - standard error of the governance estimate recorded in Nigeria?
The lowest recorded value was 0.1549 in 2013.
How does Nigeria rank for regulatory quality - standard error of the governance estimate?
Nigeria ranks 171st out of 204 countries with data for 2024.
Is regulatory quality - standard error of the governance estimate rising or falling in Nigeria?
Over the last ten years it is up 11.1%. The long-run trend across the full record is falling.
Where does this Nigeria 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