Somalia: Regulatory quality

* indicates monthly or quarterly data series
 Somalia

Regulatory quality index (-2.5 weak; 2.5 strong)

 Latest value -1.88
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average -2.19
 Min - Max -2.55 - -1.84
 Source The World Bank
The latest value from 2023 is -1.88 points, an increase from -1.9 points in 2022. In comparison, the world average is -0.03 points, based on data from 193 countries. Historically, the average for Somalia from 1996 to 2023 is -2.19 points. The minimum value, -2.55 points, was reached in 2008 while the maximum of -1.84 points was recorded in 2021. 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
Somalia - Regulatory quality - Recent values chart

Historical series
Somalia - Regulatory quality - historical chart - 1996-2023




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 -2.21 2023 points
 Government effectiveness -1.98 2023 points
 Control of corruption -1.73 2023 points
 Regulatory quality -1.88 2023 points
 Voice and accountability -1.66 2023 points
 Political stability -2.38 2023 points
 Corruption perceptions - Transparency International 11 2023 points
 Political rights 7 2024 points
 Civil liberties 7 2024 points
 Cost of starting a business 198.20 2019 percent of per capita GNI
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