Congo vs Nigeria: Closing a business, cost
Closing a business, cost over time
- Congo
- Nigeria
How they compare
Congo currently reports 25.0% against 22.0% in Nigeria, a difference of 3.0%.
That makes Congo's figure about 1.1 times Nigeria's.
Across all 10 years both countries report, Congo has been ahead every year.
Congo ranks 11th and Nigeria ranks 13th of 46 countries.
Congo has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Congo | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 25.0% | 22.0% | 3.0% | Congo |
| 2010s | 25.0% | 22.0% | 3.0% | Congo |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, cost, Congo or Nigeria?
- Congo, at 25.0% against 22.0% in Nigeria as of 2012.
- What is the difference in closing a business, cost between Congo and Nigeria?
- 3.0%, with Congo ahead.
- How many years of comparable data are there for Congo and Nigeria?
- 10 years are reported by both, from 2003 to 2012.
- How do Congo and Nigeria rank globally for closing a business, cost?
- Congo ranks 11th and Nigeria 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/.