Palau: Regulatory quality
* indicates monthly or quarterly data series
Palau |
Regulatory quality index (-2.5 weak; 2.5 strong) |
---|---|
Latest value | 0.40 |
Year | 2023 |
Measure | points |
Data availability | 2008 - 2023 |
Average | -0.22 |
Min - Max | -0.99 - 0.55 |
Source | The World Bank |
The latest value from 2023 is 0.4 points, a decline from 0.44 points in 2022. In comparison, the world average is -0.03 points, based on data from 193 countries. Historically, the average for Palau from 2008 to 2023 is -0.22 points. The minimum value, -0.99 points, was reached in 2012 while the maximum of 0.55 points was recorded in 2020.
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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 | 0.94 | 2023 | points |
Government effectiveness | 0.44 | 2023 | points |
Control of corruption | 0.59 | 2023 | points |
Regulatory quality | 0.40 | 2023 | points |
Voice and accountability | 1.09 | 2023 | points |
Political stability | 1.08 | 2023 | points |
Political rights | 1 | 2024 | points |
Civil liberties | 1 | 2024 | points |
Cost of starting a business | 2.20 | 2019 | percent of per capita GNI |