Africa vs Madagascar: Closing a business, cost
Closing a business, cost over time
- Africa
- Madagascar
How they compare
Madagascar currently reports 30.0% against 21.8% in Africa, a difference of 8.2%.
That makes Madagascar's figure about 1.4 times Africa's.
Across all 10 years both countries report, Madagascar has been ahead every year.
Africa ranks 5th and Madagascar ranks 7th of 6 groups.
Madagascar has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Africa | Madagascar | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 21.8% | 30.0% | 8.2% | Madagascar |
| 2010s | 21.8% | 30.0% | 8.2% | Madagascar |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, cost, Africa or Madagascar?
- Madagascar, at 30.0% against 21.8% in Africa as of 2012.
- What is the difference in closing a business, cost between Africa and Madagascar?
- 8.2%, with Madagascar ahead.
- How many years of comparable data are there for Africa and Madagascar?
- 10 years are reported by both, from 2003 to 2012.
- How do Africa and Madagascar rank globally for closing a business, cost?
- Africa ranks 5th and Madagascar ranks 7th of 6 groups.
- Where does this data come from?
- World Bank, Doing Business project (http://www.doingbusiness.org/), published as Closing a business, cost (% of estate). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The cost of the proceedings is recorded as a percentage of the estate’s value. The cost is calculated on the basis of survey responses by insolvency practitioners and includes court fees as well as fees of insolvency practitioners, independent assessors, lawyers and accountants. Respondents provide cost estimates from among the following options: less than 2%, 2–5%, 5–8%, 8–11%, 11–18%, 18–25%, 25–33%, 33–50%, 50–75% and more than 75% of the value of the business estate. This is the cost of the bankruptcy proceedings. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.