Regulatory Quality - Governance score in South Korea
South Korea: Regulatory Quality - Governance score was 70.85 0-100 in 2024. ▲ Rising
Regulatory Quality - Governance score in South Korea, 1996–2024
Source: The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG). Measured in 0-100.
Analysis
In 2024, regulatory quality - governance score in South Korea stood at 70.85 0-100.
That represents a change of up 0.3% on the previous year and up 0.4% over ten years.
Over the whole period, regulatory quality - governance score in South Korea peaked at 70.92 0-100 in 2013 and was at its lowest, 56.71 0-100, 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 | 57.44 0-100 | 56.71 0-100 | 58.18 0-100 | 2 |
| 2000s | 66.47 0-100 | 62.13 0-100 | 70.35 0-100 | 9 |
| 2010s | 69.81 0-100 | 67.52 0-100 | 70.92 0-100 | 10 |
| 2020s | 70.4 0-100 | 69.19 0-100 | 70.91 0-100 | 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 score in South Korea?
- Regulatory quality - governance score in South Korea was 70.85 0-100 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 score recorded in South Korea?
- The highest recorded value was 70.92 0-100 in 2013.
- What is the lowest regulatory quality - governance score recorded in South Korea?
- The lowest recorded value was 56.71 0-100 in 1998.
- How does South Korea rank for regulatory quality - governance score?
- South Korea ranks 34th out of 204 countries with data for 2024.
- Is regulatory quality - governance score rising or falling in South Korea?
- Over the last ten years it is up 0.4%. 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 score (0-100). 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 score is a linear transformation of the governance estimate using hypothetical worst-case and base-case countries. It is an absolute score ranging from 0-100. Larger values correspond to better governance. The (country-series-time) metadata include the (a) number of sources, and (b) confidence intervals (lower and upper bound). The number of sources indicates the number of underlying data sources on which the governance score (respectively the underlying governance estimate) is based. The confidence intervals include the lower and upper bound of the 90% confidence interval for the governance score. Confidence intervals are a statistical range of values that likely contain the true value (of what is being estimated).