Regulatory Quality - Governance estimate in Uruguay

Uruguay: Regulatory Quality - Governance estimate was 0.6468 approx. -2.5 to +2.5 in 2024. ▲ Rising

Latest (2024)
0.6468 approx. -2.5 to +2.5
Change on year
down 12.3%
World rank
51st
of 204 countries
All-time high
0.7567 approx. -2.5 to +2.5
in 2013
All-time low
0.2545 approx. -2.5 to +2.5
in 2003
Years of data
26
1996–2024

Regulatory Quality - Governance estimate in Uruguay, 1996–2024

0.20.40.60.81996201020241996: 0.394 approx. -2.5 to +2.51998: 0.72 approx. -2.5 to +2.52000: 0.688 approx. -2.5 to +2.52002: 0.508 approx. -2.5 to +2.52003: 0.254 approx. -2.5 to +2.52004: 0.259 approx. -2.5 to +2.52005: 0.326 approx. -2.5 to +2.52006: 0.385 approx. -2.5 to +2.52007: 0.398 approx. -2.5 to +2.52008: 0.457 approx. -2.5 to +2.52009: 0.382 approx. -2.5 to +2.52010: 0.553 approx. -2.5 to +2.52011: 0.534 approx. -2.5 to +2.52012: 0.673 approx. -2.5 to +2.52013: 0.757 approx. -2.5 to +2.52014: 0.721 approx. -2.5 to +2.52015: 0.654 approx. -2.5 to +2.52016: 0.736 approx. -2.5 to +2.52017: 0.697 approx. -2.5 to +2.52018: 0.6 approx. -2.5 to +2.52019: 0.629 approx. -2.5 to +2.52020: 0.699 approx. -2.5 to +2.52021: 0.733 approx. -2.5 to +2.52022: 0.725 approx. -2.5 to +2.52023: 0.738 approx. -2.5 to +2.52024: 0.647 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

Uruguay recorded 0.6468 approx. -2.5 to +2.5 for regulatory quality - governance estimate in 2024.

The figure is down 12.3% on the previous year and down 10.3% over ten years.

Over the whole period, regulatory quality - governance estimate in Uruguay peaked at 0.7567 approx. -2.5 to +2.5 in 2013 and was at its lowest, 0.2545 approx. -2.5 to +2.5, in 2003.

That places Uruguay 51st out of 204 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.5569 approx. -2.5 to +2.5 0.3941 approx. -2.5 to +2.5 0.7198 approx. -2.5 to +2.5 2
2000s 0.4064 approx. -2.5 to +2.5 0.2545 approx. -2.5 to +2.5 0.6882 approx. -2.5 to +2.5 9
2010s 0.6554 approx. -2.5 to +2.5 0.5345 approx. -2.5 to +2.5 0.7567 approx. -2.5 to +2.5 10
2020s 0.7084 approx. -2.5 to +2.5 0.6468 approx. -2.5 to +2.5 0.7376 approx. -2.5 to +2.5 5

Countries ranked near Uruguay

  1. 48 Malaysia 0.6805 approx. -2.5 to +2.5 compare
  2. 49 Puerto Rico 0.6528 approx. -2.5 to +2.5 compare
  3. 50 Georgia 0.65 approx. -2.5 to +2.5 compare
  4. 52 Italy 0.6401 approx. -2.5 to +2.5 compare
  5. 53 Antigua and Barbuda 0.6346 approx. -2.5 to +2.5 compare
  6. 54 Bermuda 0.6285 approx. -2.5 to +2.5 compare

See the full ranking of 204 places →

More reference data data for Uruguay

All data for Uruguay →

Frequently asked questions

What is regulatory quality - governance estimate in Uruguay?
Regulatory quality - governance estimate in Uruguay was 0.6468 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 Uruguay?
The highest recorded value was 0.7567 approx. -2.5 to +2.5 in 2013.
What is the lowest regulatory quality - governance estimate recorded in Uruguay?
The lowest recorded value was 0.2545 approx. -2.5 to +2.5 in 2003.
How does Uruguay rank for regulatory quality - governance estimate?
Uruguay ranks 51st out of 204 countries with data for 2024.
Is regulatory quality - governance estimate rising or falling in Uruguay?
Over the last ten years it is down 10.3%. The long-run trend across the full record is rising.
Where does this Uruguay 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.