Rule of Law: Estimate for Colombia

Indicator Definition:
Rule of Law captures perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution, i.e. ranging from approximately -2.5 to 2.5.

The indicator "Rule of Law: Estimate" stands at -0.4583 as of 12/31/2023.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -7.13 percent compared to the value the year prior.
The 1 year change in percent is -7.13.
The 3 year change in percent is 6.74.
The 5 year change in percent is -19.42.
The 10 year change in percent is -18.03.

The Serie's long term average value is -0.472. It's latest available value, on 12/31/2023, is 2.95 percent higher, compared to it's long term average value.
The Serie's change from it's minimum value, on 12/31/2000, to it's latest available value, on 12/31/2023, is +0.4668 .
The Serie's change from it's maximum value, on 12/31/2011, to it's latest available value, on 12/31/2023, is -0.2409 .