Regulatory Quality - Governance estimate in Mongolia
Mongolia: Regulatory Quality - Governance estimate was -0.0707 approx. -2.5 to +2.5 in 2024. ◆ Volatile
Regulatory Quality - Governance estimate in Mongolia, 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
The most recent figure for regulatory quality - governance estimate in Mongolia is -0.0707 approx. -2.5 to +2.5, measured in 2024.
The figure is down 72.5% on the previous year and up 77.1% over ten years.
Over the whole period, regulatory quality - governance estimate in Mongolia peaked at 0.0931 approx. -2.5 to +2.5 in 2002 and was at its lowest, -0.4974 approx. -2.5 to +2.5, in 1996.
That places Mongolia 98th out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.4211 approx. -2.5 to +2.5 | -0.4974 approx. -2.5 to +2.5 | -0.3448 approx. -2.5 to +2.5 | 2 |
| 2000s | -0.1951 approx. -2.5 to +2.5 | -0.354 approx. -2.5 to +2.5 | 0.0931 approx. -2.5 to +2.5 | 9 |
| 2010s | -0.2159 approx. -2.5 to +2.5 | -0.4707 approx. -2.5 to +2.5 | 0.0264 approx. -2.5 to +2.5 | 10 |
| 2020s | -0.1138 approx. -2.5 to +2.5 | -0.1946 approx. -2.5 to +2.5 | -0.041 approx. -2.5 to +2.5 | 5 |
Countries ranked near Mongolia
More reference data data for Mongolia
- Number of child deaths per woman 0.0333 under-five deaths per woman (2024)
- Fertility rate vs. Human Development Index 2.69 live births per woman (2023)
- Fertility rate: births per woman 2.69 live births per woman (2023)
- Fertility rate: births per woman 2.69 live births per woman (2023)
- Human Development Index 0.747 (2023)
- Rule of Law - Governance estimate -0.0998 approx. -2.5 to +2.5 (2024)
- Rule of Law - Governance score 55.25 0-100 (2024)
- Voice and Accountability - Governance score 59.07 0-100 (2024)
- Voice and Accountability - Governance estimate 0.1269 approx. -2.5 to +2.5 (2024)
- Political Stability - Governance score 73.08 0-100 (2024)
Frequently asked questions
- What is regulatory quality - governance estimate in Mongolia?
- Regulatory quality - governance estimate in Mongolia was -0.0707 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 Mongolia?
- The highest recorded value was 0.0931 approx. -2.5 to +2.5 in 2002.
- What is the lowest regulatory quality - governance estimate recorded in Mongolia?
- The lowest recorded value was -0.4974 approx. -2.5 to +2.5 in 1996.
- How does Mongolia rank for regulatory quality - governance estimate?
- Mongolia ranks 98th out of 204 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in Mongolia?
- Over the last ten years it is up 77.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia 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.
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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.