Worldwide Governance Indicators

Recently, the World Bank released the Worldwide Governance Indicators (WGI). WGI play a key role in deciding sovereign credit rating of countries.

About WGI

  • It assesses 215 countries and territories based on the following dimensions of governance:
    • Voice and Accountability;
    • Political Stability and Absence of Violence;
    • Government Effectiveness;
    • Regulatory Quality;
    • Rule of Law; and
    • Control of Corruption.
  • Sources: These aggregate indicators combine the views of a large number of enterprise, citizen and expert survey respondents in industrial and developing countries.They are based on over 30 individual data sources produced by a variety of survey institutes, think tanks, non-governmental organizations, international organizations, and private sector firms.

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