In 2022, the regulatory quality index in South Africa was recorded at minus 0.19 points. In the period under review, the index was at its peak in 2015 at 0.21 and, overall, followed a gradual decreasing trend. Over the last five years, the government was unable to implement key economic strategies as part of its policy, which were vital for the country's growth.
Regulatory quality index in South Africa from 2015 to 2022
The source states that the regulatory quality index captures perceptions of the government's ability to formulate and carry out effective policies and rules that allow and encourage private sector development. The index is measured on a scale from -2.5 (weak) to 2.5 (strong).
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World Bank. (July 16, 2024). Regulatory quality index in South Africa from 2015 to 2022 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1480254/regulatory-quality-index-in-south-africa/
World Bank. "Regulatory quality index in South Africa from 2015 to 2022." Chart. July 16, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1480254/regulatory-quality-index-in-south-africa/
World Bank. (2024). Regulatory quality index in South Africa from 2015 to 2022. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1480254/regulatory-quality-index-in-south-africa/
World Bank. "Regulatory Quality Index in South Africa from 2015 to 2022." Statista, Statista Inc., 16 Jul 2024, https://www.statista.com/statistics/1480254/regulatory-quality-index-in-south-africa/
World Bank, Regulatory quality index in South Africa from 2015 to 2022 Statista, https://www.statista.com/statistics/1480254/regulatory-quality-index-in-south-africa/ (last visited November 17, 2024)
Regulatory quality index in South Africa from 2015 to 2022 [Graph], World Bank, July 16, 2024. [Online]. Available: https://www.statista.com/statistics/1480254/regulatory-quality-index-in-south-africa/
