Regulatory Quality - Governance score in Latvia

Latvia: Regulatory Quality - Governance score was 72.21 0-100 in 2024. ▲ Rising

Latest (2024)
72.21 0-100
Change on year
up 2.3%
World rank
32nd
of 204 countries
All-time high
72.26 0-100
in 2021
All-time low
61.83 0-100
in 2000
Years of data
26
1996–2024

Regulatory Quality - Governance score in Latvia, 1996–2024

0204060801996201020241996: 63.9 0-1001998: 62.7 0-1002000: 61.8 0-1002002: 68.6 0-1002003: 72.1 0-1002004: 69.5 0-1002005: 70.2 0-1002006: 71.5 0-1002007: 71.1 0-1002008: 70.9 0-1002009: 70.6 0-1002010: 70.6 0-1002011: 71.1 0-1002012: 69.5 0-1002013: 69.8 0-1002014: 70.9 0-1002015: 70.7 0-1002016: 70.4 0-1002017: 70.6 0-1002018: 70.9 0-1002019: 70.7 0-1002020: 70.3 0-1002021: 72.3 0-1002022: 70 0-1002023: 70.6 0-1002024: 72.2 0-100

Source: The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG). Measured in 0-100.

Analysis

Latvia recorded 72.21 0-100 for regulatory quality - governance score in 2024.

Compared with earlier readings it is up 2.3% on the previous year and up 1.8% over ten years.

Over the whole period, regulatory quality - governance score in Latvia peaked at 72.26 0-100 in 2021 and was at its lowest, 61.83 0-100, in 2000.

Latvia ranks 32nd 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

DecadeAverage LowestHighest Years
1990s 63.29 0-100 62.71 0-100 63.88 0-100 2
2000s 69.58 0-100 61.83 0-100 72.06 0-100 9
2010s 70.53 0-100 69.53 0-100 71.07 0-100 10
2020s 71.08 0-100 69.99 0-100 72.26 0-100 5

Countries ranked near Latvia

  1. 29 Israel 72.43 0-100 compare
  2. 30 Monaco 72.25 0-100 compare
  3. 30 United States Virgin Islands 72.25 0-100 compare
  4. 33 Cayman Islands 71.82 0-100 compare
  5. 34 South Korea 70.85 0-100 compare
  6. 35 Aruba 70.33 0-100 compare

See the full ranking of 204 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is regulatory quality - governance score in Latvia?
Regulatory quality - governance score in Latvia was 72.21 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 Latvia?
The highest recorded value was 72.26 0-100 in 2021.
What is the lowest regulatory quality - governance score recorded in Latvia?
The lowest recorded value was 61.83 0-100 in 2000.
How does Latvia rank for regulatory quality - governance score?
Latvia ranks 32nd out of 204 countries with data for 2024.
Is regulatory quality - governance score rising or falling in Latvia?
Over the last ten years it is up 1.8%. The long-run trend across the full record is rising.
Where does this Latvia 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.

Download this data

CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Regulatory Quality - Governance score (0-100)
Unit
0-100
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 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).