Regulatory Quality - Governance estimate in Finland
Finland: Regulatory Quality - Governance estimate was 1.96 approx. -2.5 to +2.5 in 2024. ▲ Rising
Regulatory Quality - Governance estimate in Finland, 1996–2024
Source: The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG). Measured in approx. -2.5 to +2.5.
Analysis
In 2024, regulatory quality - governance estimate in Finland stood at 1.96 approx. -2.5 to +2.5.
Compared with earlier readings it is up 5.2% on the previous year and up 4.5% over ten years.
Over the whole period, regulatory quality - governance estimate in Finland peaked at 2.14 approx. -2.5 to +2.5 in 2003 and was at its lowest, 1.25 approx. -2.5 to +2.5, in 1996.
That places Finland 2nd out of 204 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.48 approx. -2.5 to +2.5 | 1.25 approx. -2.5 to +2.5 | 1.7 approx. -2.5 to +2.5 | 2 |
| 2000s | 1.92 approx. -2.5 to +2.5 | 1.75 approx. -2.5 to +2.5 | 2.14 approx. -2.5 to +2.5 | 9 |
| 2010s | 1.91 approx. -2.5 to +2.5 | 1.81 approx. -2.5 to +2.5 | 2 approx. -2.5 to +2.5 | 10 |
| 2020s | 1.94 approx. -2.5 to +2.5 | 1.87 approx. -2.5 to +2.5 | 2.01 approx. -2.5 to +2.5 | 5 |
Countries ranked near Finland
- 1 Singapore 2.13 approx. -2.5 to +2.5 compare
- 3 Denmark 1.93 approx. -2.5 to +2.5 compare
- 4 New Zealand 1.84 approx. -2.5 to +2.5 compare
- 5 Luxembourg 1.84 approx. -2.5 to +2.5 compare
More reference data data for Finland
- Number of child deaths per woman 0.0042 under-five deaths per woman (2024)
- Fertility rate: births per woman 1.28 live births per woman (2023)
- Fertility rate: births per woman 1.28 live births per woman (2023)
- Fertility rate vs. Human Development Index 1.28 live births per woman (2023)
- Human Development Index 0.948 (2023)
- Rule of Law - Governance estimate 2.02 approx. -2.5 to +2.5 (2024)
- Rule of Law - Governance score 91.75 0-100 (2024)
- Voice and Accountability - Governance estimate 1.85 approx. -2.5 to +2.5 (2024)
- Voice and Accountability - Governance score 89.29 0-100 (2024)
- Political Stability - Governance score 80.12 0-100 (2024)
Frequently asked questions
- What is regulatory quality - governance estimate in Finland?
- Regulatory quality - governance estimate in Finland was 1.96 approx. -2.5 to +2.5 in 2024, according to The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG).
- What is the highest regulatory quality - governance estimate recorded in Finland?
- The highest recorded value was 2.14 approx. -2.5 to +2.5 in 2003.
- What is the lowest regulatory quality - governance estimate recorded in Finland?
- The lowest recorded value was 1.25 approx. -2.5 to +2.5 in 1996.
- How does Finland rank for regulatory quality - governance estimate?
- Finland ranks 2nd out of 204 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in Finland?
- Over the last ten years it is up 4.5%. The long-run trend across the full record is rising.
- Where does this Finland data come from?
- The figures come from The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG), published as part of Regulatory Quality - Governance estimate (approx. -2.5 to +2.5). 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
Regulatory Quality (RQ) captures perceptions of the government’s ability to design and implement policies and regulations that promote private sector development. Governance estimate from the aggregation model, in units of a standard normal distribution, i.e. ranging from approximately -2.5 to 2.5. Larger values correspond to better governance. The (country-series-time) metadata include the (a) number of sources, and (b) standard error. The number of sources indicates the number of underlying data sources on which the governance estimate is based. The standard error indicates the precision of the governance estimate. Larger values indicate less precise estimates. A 90% confidence interval for the governance estimate is given by the estimate +/- 1.64 times the standard error.