Despite the general narrative that we are in a period of global democratic decline, there have been surprisingly few empirical studies to assess whether this is systematically true. Most existing studies of backsliding rely heavily, if not entirely, on subjective indicators which rely on expert coder judgement. We survey other more objective indicators of democracy (such as incumbent performance in elections), and find little evidence of global democratic decline over the last decade. To explain the discrepancy between trends in subjective and objective indicators, we develop formal models that consider the role of coder bias and leaders strategically using more subtle undemocratic action. The simplest explanation is that recent declines in average democracy scores are driven by changes in coder bias. While we cannot rule out the possibility that the world is experiencing major democratic backsliding almost exclusively in ways which require subjective judgement to detect, this claim not justified by existing evidence.