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

This indicator reflects the perceived effectiveness of a government's capacity to design and execute policies that foster an environment conducive to private sector growth. The percentile rank serves as a comparative measure, illustrating where a country stands relative to others worldwide, with values ranging from 0 for the lowest to 100 for the highest governance quality. The upper bound of the 90% confidence interval provides a statistical assurance of this ranking's reliability, indicating the extent to which the true governance quality may vary. By incorporating adjustments for temporal changes in the countries assessed, this metric offers a more nuanced understanding of regulatory effectiveness, enabling stakeholders to identify areas needing improvement and to benchmark progress over time against global peers. Source: