The top ten economies with the best regulatory performance in the 2023 STRI were Japan, Spain, the United Kingdom, Czechia, the Netherlands, Latvia, Denmark, Germany, Australia, and Chile (Figure 3). Thirty of the 50 economies covered in the sample have a higher average STRI than the OECD average. Thailand, Indonesia, and the Russian Federation have the highest average STRI among the countries.
The 2023 STRI indices for all sectors are included in Annex B.
Note: The STRI indices take values between zero and one, one being the most restrictive. The STRI database records measures on a most favoured nation (MFN) basis towards third countries. Air transport and road freight cover only commercial establishment (with accompanying movement of people). The indices are based on laws and regulations in force on 31 October 2023. The STRI regulatory database covers the 38 OECD countries, Brazil, China, India, Indonesia, Kazakhstan, Malaysia, Peru, Singapore, South Africa, Thailand, and Viet Nam.
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.
Source: OECD STRI database (http://oe.cd/stri-db) and TiVA databases.