Solomon Islands: Regulatory quality

* indicates monthly or quarterly data series
 Solomon Islands

Regulatory quality index (-2.5 weak; 2.5 strong)

 Latest value -0.78
 Year 2023
 Measure points
 Data availability 2004 - 2023
 Average -0.99
 Min - Max -1.22 - -0.77
 Source The World Bank
The latest value from 2023 is -0.78 points, a decline from -0.77 points in 2022. In comparison, the world average is -0.03 points, based on data from 193 countries. Historically, the average for the Solomon Islands from 2004 to 2023 is -0.99 points. The minimum value, -1.22 points, was reached in 2009 while the maximum of -0.77 points was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Solomon Islands - Regulatory quality - Recent values chart

Historical series
Solomon Islands - Regulatory quality - historical chart - 2004-2023




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 -0.26 2023 points
 Government effectiveness -0.73 2023 points
 Control of corruption -0.13 2023 points
 Regulatory quality -0.78 2023 points
 Voice and accountability 0.34 2023 points
 Political stability 0.45 2023 points
 Corruption perceptions - Transparency International 43 2023 points
 Political rights 3 2024 points
 Civil liberties 2 2024 points
 Cost of starting a business 27.40 2019 percent of per capita GNI
 Shadow economy 30.89 2015 percent
 Informal economy, MIMIC method 31.70 2020 percent
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