Regulatory Quality - Governance estimate in Philippines

Philippines: Regulatory Quality - Governance estimate was 0.0793 approx. -2.5 to +2.5 in 2024. ◆ Volatile

Latest (2024)
0.0793 approx. -2.5 to +2.5
Change on year
up 25.1%
World rank
87th
of 204 countries
All-time high
0.1817 approx. -2.5 to +2.5
in 1998
All-time low
-0.1675 approx. -2.5 to +2.5
in 2002
Years of data
26
1996–2024

Regulatory Quality - Governance estimate in Philippines, 1996–2024

-0.2-0.100.10.21996201020241996: -0.012 approx. -2.5 to +2.51998: 0.182 approx. -2.5 to +2.52000: -0.038 approx. -2.5 to +2.52002: -0.167 approx. -2.5 to +2.52003: -0.102 approx. -2.5 to +2.52004: -0.07 approx. -2.5 to +2.52005: 0.174 approx. -2.5 to +2.52006: 0.158 approx. -2.5 to +2.52007: 0.159 approx. -2.5 to +2.52008: 0.075 approx. -2.5 to +2.52009: 0.017 approx. -2.5 to +2.52010: -0.031 approx. -2.5 to +2.52011: 0.012 approx. -2.5 to +2.52012: 0.132 approx. -2.5 to +2.52013: 0.032 approx. -2.5 to +2.52014: 0.06 approx. -2.5 to +2.52015: 0.088 approx. -2.5 to +2.52016: 0.126 approx. -2.5 to +2.52017: 0.137 approx. -2.5 to +2.52018: -0.005 approx. -2.5 to +2.52019: 0.059 approx. -2.5 to +2.52020: 0.014 approx. -2.5 to +2.52021: 0.015 approx. -2.5 to +2.52022: 0.005 approx. -2.5 to +2.52023: 0.063 approx. -2.5 to +2.52024: 0.079 approx. -2.5 to +2.5

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 Philippines stood at 0.0793 approx. -2.5 to +2.5.

The figure is up 25.1% on the previous year and up 32.9% over ten years.

Over the whole period, regulatory quality - governance estimate in Philippines peaked at 0.1817 approx. -2.5 to +2.5 in 1998 and was at its lowest, -0.1675 approx. -2.5 to +2.5, in 2002.

That places Philippines 87th 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

DecadeAverage LowestHighest Years
1990s 0.0847 approx. -2.5 to +2.5 -0.0123 approx. -2.5 to +2.5 0.1817 approx. -2.5 to +2.5 2
2000s 0.0228 approx. -2.5 to +2.5 -0.1675 approx. -2.5 to +2.5 0.1743 approx. -2.5 to +2.5 9
2010s 0.0609 approx. -2.5 to +2.5 -0.0306 approx. -2.5 to +2.5 0.1368 approx. -2.5 to +2.5 10
2020s 0.0353 approx. -2.5 to +2.5 0.0048 approx. -2.5 to +2.5 0.0793 approx. -2.5 to +2.5 5

Countries ranked near Philippines

  1. 84 Saint Vincent and the Grenadines 0.1062 approx. -2.5 to +2.5 compare
  2. 85 Jamaica 0.0909 approx. -2.5 to +2.5 compare
  3. 86 Peru 0.0828 approx. -2.5 to +2.5 compare
  4. 88 Serbia 0.0784 approx. -2.5 to +2.5 compare
  5. 89 Fiji 0.0651 approx. -2.5 to +2.5 compare
  6. 90 Dominica 0.0598 approx. -2.5 to +2.5 compare

See the full ranking of 204 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is regulatory quality - governance estimate in Philippines?
Regulatory quality - governance estimate in Philippines was 0.0793 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 Philippines?
The highest recorded value was 0.1817 approx. -2.5 to +2.5 in 1998.
What is the lowest regulatory quality - governance estimate recorded in Philippines?
The lowest recorded value was -0.1675 approx. -2.5 to +2.5 in 2002.
How does Philippines rank for regulatory quality - governance estimate?
Philippines ranks 87th out of 204 countries with data for 2024.
Is regulatory quality - governance estimate rising or falling in Philippines?
Over the last ten years it is up 32.9%. The long-run trend across the full record is volatile.
Where does this Philippines 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

Indicator
Regulatory Quality - Governance estimate (approx. -2.5 to +2.5)
Unit
approx. -2.5 to +2.5
Source
The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
204 places, 5,143 data points, 1996–2024
Last refreshed

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.