Central African Republic vs Sub-Saharan Africa: Closing a business, cost
Closing a business, cost over time
- Central African Republic
- Sub-Saharan Africa
How they compare
Central African Republic currently reports 76.0% against 22.7% in Sub-Saharan Africa, a difference of 53.3%.
That makes Central African Republic's figure about 3.3 times Sub-Saharan Africa's.
Across all 10 years both countries report, Central African Republic has been ahead every year.
Central African Republic ranks 1st and Sub-Saharan Africa ranks 3rd of 46 countries.
Central African Republic has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Central African Republic | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 76.0% | 22.8% | 53.2% | Central African Republic |
| 2010s | 76.0% | 22.7% | 53.3% | Central African Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, cost, Central African Republic or Sub-Saharan Africa?
- Central African Republic, at 76.0% against 22.7% in Sub-Saharan Africa as of 2012.
- What is the difference in closing a business, cost between Central African Republic and Sub-Saharan Africa?
- 53.3%, with Central African Republic ahead.
- How many years of comparable data are there for Central African Republic and Sub-Saharan Africa?
- 10 years are reported by both, from 2003 to 2012.
- How do Central African Republic and Sub-Saharan Africa rank globally for closing a business, cost?
- Central African Republic ranks 1st and Sub-Saharan Africa ranks 3rd of 46 countries.
- 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/.