Rule of Law: Estimate for Nauru

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 -0.0184 as of 12/31/2023, the highest value since 12/31/2014.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.005 compared to the value the year prior.
The Serie's long term average value is 0.313. It's latest available value, on 12/31/2023, is -0.332 lower, compared to it's long term average value.
The Serie's change from it's minimum value, on 12/31/2014, to it's latest available value, on 12/31/2023, is +0.9894 .
The Serie's change from it's maximum value, on 12/31/2006, to it's latest available value, on 12/31/2023, is -1.00 .