Democratic Republic of Congo vs Tanzania: Closing a business, cost (% of estate)
Closing a business, cost (% of estate) over time
- Democratic Republic of Congo
- Tanzania
How they compare
Democratic Republic of Congo currently reports 29.0% against 22.0% in Tanzania, a difference of 7.0%.
That makes Democratic Republic of Congo's figure about 1.3 times Tanzania's.
Across all 10 years both countries report, Democratic Republic of Congo has been ahead every year.
Democratic Republic of Congo ranks 10th and Tanzania ranks 13th of 46 countries.
Democratic Republic of Congo has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Democratic Republic of Congo | Tanzania | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 29.0% | 22.0% | 7.0% | Democratic Republic of Congo |
| 2010s | 29.0% | 22.0% | 7.0% | Democratic Republic of Congo |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, cost, Democratic Republic of Congo or Tanzania?
- Democratic Republic of Congo, at 29.0% against 22.0% in Tanzania as of 2012.
- What is the difference in closing a business, cost between Democratic Republic of Congo and Tanzania?
- 7.0%, with Democratic Republic of Congo ahead.
- How many years of comparable data are there for Democratic Republic of Congo and Tanzania?
- 10 years are reported by both, from 2003 to 2012.
- How do Democratic Republic of Congo and Tanzania rank globally for closing a business, cost?
- Democratic Republic of Congo ranks 10th and Tanzania ranks 13th 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/.