Rwanda vs Sub-Saharan Africa: Closing a business, cost
Closing a business, cost over time
- Rwanda
- Sub-Saharan Africa
How they compare
Rwanda currently reports 50.0% against 22.7% in Sub-Saharan Africa, a difference of 27.3%.
That makes Rwanda's figure about 2.2 times Sub-Saharan Africa's.
Across all 10 years both countries report, Rwanda has been ahead every year.
Rwanda ranks 3rd and Sub-Saharan Africa ranks 3rd of 46 countries.
Rwanda has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Rwanda | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 50.0% | 22.8% | 27.2% | Rwanda |
| 2010s | 50.0% | 22.7% | 27.3% | Rwanda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, cost, Rwanda or Sub-Saharan Africa?
- Rwanda, at 50.0% against 22.7% in Sub-Saharan Africa as of 2012.
- What is the difference in closing a business, cost between Rwanda and Sub-Saharan Africa?
- 27.3%, with Rwanda ahead.
- How many years of comparable data are there for Rwanda and Sub-Saharan Africa?
- 10 years are reported by both, from 2003 to 2012.
- How do Rwanda and Sub-Saharan Africa rank globally for closing a business, cost?
- Rwanda ranks 3rd 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/.