Regulatory Quality: Percentile Rank, Lower Bound of 90% Confidence Interval

This indicator reflects the perceived effectiveness of governmental policies and regulations in fostering a conducive environment for private sector growth, presenting an essential measure of governance quality. The percentile ranking signifies a country's relative standing among all assessed nations, where a score of 0 indicates the lowest perceived effectiveness and 100 signifies the highest. To enhance accuracy, adjustments have been made to account for variations in the countries featured in the World Governance Indicators over time. The lower bound of the 90% confidence interval provides a conservative estimate of a country's governance performance, indicating that the actual ranking is likely to be higher than this value, thereby offering a robust benchmark for comparing regulatory quality across different nations. Source: