Regulatory Quality - Ranking 2023
Year
In 2023, Singapore (2.31), Australia (1.94), and Luxembourg (1.93) ranked highest in regulatory quality among all countries. Korea, Democratic People’s Republic of ranked lowest at -2.39.
| Rank | Country | Value | YoY % |
|---|---|---|---|
| 1st | Singapore | 2.31 | +4.3% |
| 2nd | Australia | 1.94 | +2.5% |
| 3rd | Luxembourg | 1.93 | +5.2% |
| 4th | New Zealand | 1.91 | +2.4% |
| 5th | Denmark | 1.84 | -0.2% |
| 6th | Macao SAR, China | 1.79 | -1.7% |
| 7th | Netherlands | 1.79 | +4.6% |
| 8th | Finland | 1.77 | -0.8% |
| 9th | Ireland | 1.75 | +6.7% |
| 10th | Switzerland | 1.73 | +6.7% |
| 11th | Sweden | 1.72 | +2.2% |
| 12th | Canada | 1.64 | -1.9% |
| 13th | Liechtenstein | 1.62 | -0.5% |
| 14th | Hong Kong SAR, China | 1.60 | +0.9% |
| 15th | Norway | 1.60 | +5.4% |
| 16th | United Kingdom | 1.54 | -1.9% |
| 17th | Japan | 1.47 | +2.1% |
| 18th | Germany | 1.46 | -4.3% |
| 19th | Estonia | 1.43 | -8.3% |
| 20th | United States | 1.39 | -2.2% |
| 21st | Austria | 1.36 | +6.1% |
| 22nd | Andorra | 1.35 | -3.4% |
| 23rd | Monaco | 1.35 | -3.4% |
| 24th | Virgin Islands (US) | 1.35 | -3.4% |
| 25th | Lithuania | 1.34 | +3.0% |
| 26th | Czechia | 1.30 | -5.9% |
| 27th | Iceland | 1.28 | -1.7% |
| 28th | Greenland | 1.21 | +0.3% |
| 29th | Latvia | 1.17 | +0.1% |
| 30th | Belgium | 1.17 | -6.8% |
| 31st | France | 1.15 | -3.0% |
| 32nd | Korea | 1.12 | -2.0% |
| 33rd | Israel | 1.12 | -7.0% |
| 34th | Bahrain | 1.08 | +11.1% |
| 35th | Cayman Islands | 1.07 | -1.7% |
| 36th | Mauritius | 1.06 | -8.7% |
| 37th | United Arab Emirates | 1.04 | +0.7% |
| 38th | Qatar | 0.98 | +12.2% |
| 39th | Brunei Darussalam | 0.98 | -8.4% |
| 40th | Aruba | 0.95 | -2.1% |
| 41st | Georgia | 0.95 | -8.3% |
| 42nd | Bermuda | 0.93 | -4.2% |
| 43rd | San Marino | 0.93 | +70.6% |
| 44th | Chile | 0.93 | -5.4% |
| 45th | Poland | 0.78 | +8.8% |
| 46th | Cyprus | 0.78 | +0.6% |
| 47th | Portugal | 0.76 | -1.0% |
| 48th | Slovenia | 0.73 | +5.2% |
| 49th | Spain | 0.69 | -13.0% |
| 50th | Malta | 0.69 | +2.0% |
| 51st | Uruguay | 0.68 | -5.4% |
| 52nd | Malaysia | 0.66 | +2.6% |
| 53rd | Italy | 0.64 | +26.1% |
| 54th | Croatia | 0.64 | +28.1% |
| 55th | Puerto Rico (US) | 0.64 | -24.8% |
| 56th | Slovak Republic | 0.60 | -29.2% |
| 57th | Greece | 0.58 | +24.7% |
| 58th | Antigua and Barbuda | 0.55 | +88.9% |
| 59th | Costa Rica | 0.54 | -4.1% |
| 60th | St. Kitts and Nevis | 0.54 | -7.3% |
| 61st | Saudi Arabia | 0.52 | +23.5% |
| 62nd | American Samoa | 0.51 | -6.2% |
| 63rd | Guam | 0.51 | -6.2% |
| 64th | Barbados | 0.50 | +5.6% |
| 65th | Botswana | 0.50 | -19.9% |
| 66th | Oman | 0.43 | +0.4% |
| 67th | North Macedonia | 0.43 | -5.7% |
| 68th | Bulgaria | 0.41 | +27.2% |
| 69th | Palau | 0.40 | -9.4% |
| 70th | St. Lucia | 0.40 | -9.6% |
| 71st | Montenegro | 0.37 | -31.1% |
| 72nd | Kuwait | 0.32 | +52.8% |
| 73rd | Romania | 0.32 | -12.5% |
| 74th | Hungary | 0.32 | -21.7% |
| 75th | St. Vincent and the Grenadines | 0.32 | -9.0% |
| 76th | Grenada | 0.31 | -20.1% |
| 77th | Dominica | 0.31 | -9.7% |
| 78th | Indonesia | 0.30 | +46.3% |
| 79th | Peru | 0.29 | +40.1% |
| 80th | Cabo Verde | 0.24 | -7.9% |
| 81st | Jordan | 0.22 | +38.8% |
| 82nd | Seychelles | 0.21 | -35.6% |
| 83rd | Albania | 0.17 | +7.9% |
| 84th | Dominican Republic | 0.17 | +146.1% |
| 85th | Philippines | 0.16 | +161.6% |
| 86th | Thailand | 0.16 | -4.1% |
| 87th | Serbia | 0.14 | +0.6% |
| 88th | Rwanda | 0.12 | -23.5% |
| 89th | Panama | 0.12 | -6.6% |
| 90th | Moldova | 0.11 | +3.6% |
| 91st | Colombia | 0.10 | -28.1% |
| 92nd | Jamaica | 0.10 | -48.5% |
| 93rd | Kazakhstan | 0.07 | +687.1% |
| 94th | Armenia | 0.05 | +349.7% |
| 95th | Nauru | 0.01 | -50.2% |
| 96th | Bahamas, The | 0.01 | +104.9% |
| 97th | Namibia | -0.06 | -315.0% |
| 98th | Morocco | -0.06 | +26.1% |
| 99th | Paraguay | -0.08 | +53.5% |
| 100th | Fiji | -0.09 | -49.8% |
| 101st | Azerbaijan | -0.11 | -5.3% |
| 102nd | Côte d'Ivoire | -0.12 | +23.6% |
| 103rd | Vanuatu | -0.12 | -31.6% |
| 104th | Trinidad and Tobago | -0.13 | -76.4% |
| 105th | India | -0.14 | -171.5% |
| 106th | Bosnia and Herzegovina | -0.14 | +10.4% |
| 107th | Mexico | -0.17 | -16.0% |
| 108th | Mongolia | -0.18 | +35.2% |
| 109th | Ghana | -0.18 | -1.0% |
| 110th | Tuvalu | -0.19 | -31.5% |
| 111th | South Africa | -0.22 | -20.8% |
| 112th | Türkiye | -0.23 | +6.2% |
| 113th | Ukraine | -0.27 | +19.7% |
| 114th | Samoa | -0.27 | +0.9% |
| 115th | Kiribati | -0.28 | -6.5% |
| 116th | West Bank and Gaza | -0.28 | -657.3% |
| 117th | Guatemala | -0.29 | +0.5% |
| 118th | Kosovo | -0.30 | +24.1% |
| 119th | Benin | -0.30 | +15.1% |
| 120th | Brazil | -0.30 | -34.5% |
| 121st | El Salvador | -0.31 | +33.5% |
| 122nd | Senegal | -0.35 | -16.4% |
| 123rd | China | -0.36 | +14.8% |
| 124th | Viet Nam | -0.38 | +11.0% |
| 125th | Kenya | -0.39 | -2.6% |
| 126th | Tonga | -0.39 | -13.0% |
| 127th | Bhutan | -0.40 | -5.0% |
| 128th | Marshall Islands | -0.42 | -7.2% |
| 129th | Belize | -0.43 | +1.9% |
| 130th | Argentina | -0.48 | +30.8% |
| 131st | Burkina Faso | -0.49 | -3.7% |
| 132nd | Timor-Leste | -0.49 | -3.2% |
| 133rd | Togo | -0.49 | +12.4% |
| 134th | Zambia | -0.50 | +5.9% |
| 135th | Sri Lanka | -0.51 | +22.3% |
| 136th | Uganda | -0.52 | -5.5% |
| 137th | Honduras | -0.55 | -13.5% |
| 138th | Guyana | -0.56 | -6.7% |
| 139th | Uzbekistan | -0.58 | -4.8% |
| 140th | Micronesia, Federated States of | -0.58 | -3.4% |
| 141st | Tanzania | -0.59 | -4.4% |
| 142nd | Lesotho | -0.59 | +4.1% |
| 143rd | Kyrgyz Republic | -0.62 | +2.5% |
| 144th | Tunisia | -0.62 | -49.5% |
| 145th | Gambia, The | -0.64 | +10.5% |
| 146th | Papua New Guinea | -0.64 | +5.8% |
| 147th | Nepal | -0.66 | -1.7% |
| 148th | Egypt, Arab Republic of | -0.67 | +6.8% |
| 149th | Maldives | -0.67 | -2.2% |
| 150th | Mali | -0.68 | -7.2% |
| 151st | Cambodia | -0.68 | +3.5% |
| 152nd | Gabon | -0.70 | -0.4% |
| 153rd | Mozambique | -0.71 | +2.4% |
| 154th | Eswatini | -0.72 | +0.2% |
| 155th | Ecuador | -0.72 | -56.2% |
| 156th | Suriname | -0.73 | +7.8% |
| 157th | Angola | -0.76 | -25.5% |
| 158th | Malawi | -0.77 | -4.4% |
| 159th | Solomon Islands | -0.78 | -1.8% |
| 160th | Madagascar | -0.80 | +2.0% |
| 161st | Niger | -0.82 | -13.3% |
| 162nd | Nicaragua | -0.88 | +4.0% |
| 163rd | Pakistan | -0.90 | -1.6% |
| 164th | Cameroon | -0.91 | -1.6% |
| 165th | Bangladesh | -0.91 | +1.5% |
| 166th | Liberia | -0.92 | +5.8% |
| 167th | Lao PDR | -0.93 | +6.0% |
| 168th | Djibouti | -0.93 | -3.7% |
| 169th | Nigeria | -0.94 | +19.0% |
| 170th | São Tomé and Principe | -0.94 | -5.6% |
| 171st | Algeria | -0.95 | +10.9% |
| 172nd | Burundi | -0.99 | -4.0% |
| 173rd | Mauritania | -1.00 | +6.1% |
| 174th | Lebanon | -1.01 | +10.4% |
| 175th | Sierra Leone | -1.06 | -0.8% |
| 176th | Guinea | -1.08 | -2.5% |
| 177th | Russian Federation | -1.12 | +1.7% |
| 178th | Chad | -1.16 | -0.6% |
| 179th | Bolivia, Plurinational State of | -1.18 | +2.8% |
| 180th | Tajikistan | -1.18 | +1.6% |
| 181st | Comoros | -1.24 | -3.2% |
| 182nd | Congo, Republic of | -1.24 | +1.7% |
| 183rd | Guinea-Bissau | -1.25 | +5.4% |
| 184th | Afghanistan | -1.27 | +0.4% |
| 185th | Zimbabwe | -1.34 | +6.1% |
| 186th | Haiti | -1.39 | -5.8% |
| 187th | Congo, Democratic Republic of | -1.41 | +4.6% |
| 188th | Belarus | -1.42 | -6.6% |
| 189th | Myanmar | -1.44 | -16.3% |
| 190th | Iraq | -1.44 | -21.8% |
| 191st | Central African Republic | -1.47 | +0.4% |
| 192nd | Equatorial Guinea | -1.47 | +1.3% |
| 193rd | Cuba | -1.50 | -8.6% |
| 194th | Sudan | -1.60 | -1.4% |
| 195th | Iran, Islamic Republic of | -1.69 | -5.9% |
| 196th | Syrian Arab Republic | -1.81 | +0.8% |
| 197th | Yemen, Republic of | -1.84 | +3.9% |
| 198th | Somalia, Fed. Rep. | -1.88 | +1.1% |
| 199th | Libya | -1.95 | +6.9% |
| 200th | Turkmenistan | -2.07 | -0.1% |
| 201st | South Sudan | -2.12 | -0.6% |
| 202nd | Eritrea | -2.36 | +0.3% |
| 203rd | Korea, Democratic People’s Republic of | -2.39 | +0.3% |
FAQ
Which country has the highest regulatory quality in 2023?▾
Singapore has the highest regulatory quality in 2023 at 2.31.
Which country has the lowest regulatory quality in 2023?▾
Korea, Democratic People’s Republic of has the lowest regulatory quality in 2023 at -2.39.
How many countries are ranked by regulatory quality?▾
203 countries have regulatory quality data for 2023.
What are the top 3 countries by regulatory quality?▾
1. Singapore (2.31), 2. Australia (1.94), 3. Luxembourg (1.93).