Japan: Regulatory quality
* indicates monthly or quarterly data series
Japan |
Regulatory quality index (-2.5 weak; 2.5 strong) |
---|---|
Latest value | 1.44 |
Year | 2022 |
Measure | points |
Data availability | 1996 - 2022 |
Average | 1.12 |
Min - Max | 0.50 - 1.44 |
Source | The World Bank |
The latest value from 2022 is 1.44 points, an increase from 1.37 points in 2021. In comparison, the world average is -0.04 points, based on data from 193 countries. Historically, the average for Japan from 1996 to 2022 is 1.12 points. The minimum value, 0.5 points, was reached in 2002 while the maximum of 1.44 points was recorded in 2022.
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Definition: The index of Regulatory Quality captures perceptions of the ability of the government to formulate and implement sound policies and regulations that permit and promote private sector development.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Rule of law | 1.56 | 2022 | points |
Government effectiveness | 1.62 | 2022 | points |
Control of corruption | 1.54 | 2022 | points |
Regulatory quality | 1.44 | 2022 | points |
Voice and accountability | 1.02 | 2022 | points |
Political stability | 1.07 | 2022 | points |
Corruption perceptions - Transparency International | 73 | 2023 | points |
Political rights | 1 | 2024 | points |
Civil liberties | 1 | 2024 | points |
Competitiveness | 82.30 | 2019 | points |
Cost of starting a business | 7.50 | 2019 | percent of per capita GNI |
Shadow economy | 8.19 | 2015 | percent |
Informal economy, MIMIC method | 10.40 | 2020 | percent |
Informal economy, DGE method | 10.20 | 2020 | percent |