Corruption Perception Index of Australia
Australia's score on the 2020 Corruption Perceptions Index stood at 77, which was on par with the previous year's (2019) score but marginally higher than the ratings from the previous two years. Australia's view of corruption decreased by 10 points between 2010 and 2020.
In terms of how other countries are seen to be dealing with corruption, Australia performs better than average. From a high of 87 in 2010 to a low of 77 in 2020, Australia’s index rating declined.
Australia's score was 77 out of 100, down four points from recent years and the lowest mark since 2012 when Transparency International introduced its current methodology for measuring corruption. Anti-corruption commissions protect the public by exposing corruption and making sure that officials, especially politicians, are held accountable for their actions. As of now, each Australian State and Territory has its own anti-corruption commission.
Outlook on Corruption Perception Index
The Corruption Perception Index (CPI) ranks countries annually according to the corruption levels as seen by risk analysts, entrepreneurs, and normal citizens. Ratings range from 0 to 100, with 100 signifying behavior that is impressively free from corruption and 0 signifying severely corrupt behavior.
One of the largest groups of nations with the lowest levels of corruption worldwide is Denmark, followed by New Zealand, Finland, Singapore, Sweden, and Switzerland. Denmark and New Zealand had the highest score of 88 out of 100, followed by Finland, Switzerland, Singapore, and Sweden with a score of 85 in 2020. Somalia and South Sudan, both of which received a score of 12 out of 100 in 2020, are among the nations with the highest levels of corruption worldwide.
Key Factors Affecting the Corruption Perception Index
Political and Economic Environment:
The corruption phenomenon is greatly influenced by the political and economic environment, which is also impacted by monetary policy.
Level of GDP:
The prevalence of corruption is shown to be higher in countries with relatively low GDP per capita levels. Other than that, early developing countries frequently have lower ratings for corruption.
Country Size:
large geographic areas and low population densities make nations more susceptible to corruption since it is challenging to monitor public officials in scattered areas.
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