Regulatory Quality - Governance estimate in Romania
Romania: Regulatory Quality - Governance estimate was 0.3835 approx. -2.5 to +2.5 in 2024. ◆ Volatile
Regulatory Quality - Governance estimate in Romania, 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 Romania stood at 0.3835 approx. -2.5 to +2.5.
That represents a change of up 11.2% on the previous year and down 1.1% over ten years.
Over the whole period, regulatory quality - governance estimate in Romania peaked at 0.4527 approx. -2.5 to +2.5 in 2015 and was at its lowest, -0.422 approx. -2.5 to +2.5, in 1996.
Romania ranks 68th of 204 countries on this measure, 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 | -0.2211 approx. -2.5 to +2.5 | -0.422 approx. -2.5 to +2.5 | -0.0202 approx. -2.5 to +2.5 | 2 |
| 2000s | 0.0681 approx. -2.5 to +2.5 | -0.3988 approx. -2.5 to +2.5 | 0.3987 approx. -2.5 to +2.5 | 9 |
| 2010s | 0.3944 approx. -2.5 to +2.5 | 0.3077 approx. -2.5 to +2.5 | 0.4527 approx. -2.5 to +2.5 | 10 |
| 2020s | 0.3479 approx. -2.5 to +2.5 | 0.3027 approx. -2.5 to +2.5 | 0.3937 approx. -2.5 to +2.5 | 5 |
Countries ranked near Romania
More reference data data for Romania
- Number of child deaths per woman 0.0117 under-five deaths per woman (2024)
- Fertility rate: births per woman 1.71 live births per woman (2023)
- Fertility rate: births per woman 1.71 live births per woman (2023)
- Fertility rate vs. Human Development Index 1.71 live births per woman (2023)
- Human Development Index 0.845 (2023)
- Rule of Law - Governance estimate 0.3711 approx. -2.5 to +2.5 (2024)
- Rule of Law - Governance score 63.35 0-100 (2024)
- Voice and Accountability - Governance estimate 0.3874 approx. -2.5 to +2.5 (2024)
- Voice and Accountability - Governance score 63.63 0-100 (2024)
- Political Stability - Governance score 68.61 0-100 (2024)
Frequently asked questions
- What is regulatory quality - governance estimate in Romania?
- Regulatory quality - governance estimate in Romania was 0.3835 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 Romania?
- The highest recorded value was 0.4527 approx. -2.5 to +2.5 in 2015.
- What is the lowest regulatory quality - governance estimate recorded in Romania?
- The lowest recorded value was -0.422 approx. -2.5 to +2.5 in 1996.
- How does Romania rank for regulatory quality - governance estimate?
- Romania ranks 68th out of 204 countries with data for 2024.
- Is regulatory quality - governance estimate rising or falling in Romania?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is volatile.
- Where does this Romania 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.