Regulatory Quality - Governance estimate in South Korea
South Korea: Regulatory Quality - Governance estimate was 1.01 approx. -2.5 to +2.5 in 2024. ▲ Rising
Regulatory Quality - Governance estimate in South Korea, 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
South Korea recorded 1.01 approx. -2.5 to +2.5 for regulatory quality - governance estimate in 2024.
The figure is up 1.4% on the previous year and up 2.0% over ten years.
Over the whole period, regulatory quality - governance estimate in South Korea peaked at 1.02 approx. -2.5 to +2.5 in 2013 and was at its lowest, 0.1172 approx. -2.5 to +2.5, in 1998.
South Korea ranks 34th of 204 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1637 approx. -2.5 to +2.5 | 0.1172 approx. -2.5 to +2.5 | 0.2102 approx. -2.5 to +2.5 | 2 |
| 2000s | 0.736 approx. -2.5 to +2.5 | 0.4605 approx. -2.5 to +2.5 | 0.9818 approx. -2.5 to +2.5 | 9 |
| 2010s | 0.9475 approx. -2.5 to +2.5 | 0.8025 approx. -2.5 to +2.5 | 1.02 approx. -2.5 to +2.5 | 10 |
| 2020s | 0.9854 approx. -2.5 to +2.5 | 0.9083 approx. -2.5 to +2.5 | 1.02 approx. -2.5 to +2.5 | 5 |
Countries ranked near South Korea
More reference data data for South Korea
- Number of child deaths per woman 0.004 under-five deaths per woman (2024)
- Fertility rate vs. Human Development Index 0.72 live births per woman (2023)
- Fertility rate: births per woman 0.72 live births per woman (2023)
- Fertility rate: births per woman 0.72 live births per woman (2023)
- Human Development Index 0.937 (2023)
- Rule of Law - Governance estimate 1.12 approx. -2.5 to +2.5 (2024)
- Rule of Law - Governance score 76.2 0-100 (2024)
- Voice and Accountability - Governance estimate 0.8078 approx. -2.5 to +2.5 (2024)
- Voice and Accountability - Governance score 70.99 0-100 (2024)
- Political Stability - Governance estimate 0.6393 approx. -2.5 to +2.5 (2024)
Frequently asked questions
- What is regulatory quality - governance estimate in South Korea?
- Regulatory quality - governance estimate in South Korea was 1.01 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 South Korea?
- The highest recorded value was 1.02 approx. -2.5 to +2.5 in 2013.
- What is the lowest regulatory quality - governance estimate recorded in South Korea?
- The lowest recorded value was 0.1172 approx. -2.5 to +2.5 in 1998.
- How does South Korea rank for regulatory quality - governance estimate?
- South Korea ranks 34th out of 204 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in South Korea?
- Over the last ten years it is up 2.0%. The long-run trend across the full record is rising.
- Where does this South Korea 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.