Cameroon vs Sierra Leone: Closing a business, recovery rate
Closing a business, recovery rate over time
- Cameroon
- Sierra Leone
How they compare
Cameroon currently reports 13.6 cents on the dollar against 9.2 cents on the dollar in Sierra Leone, a difference of 4.4 cents on the dollar.
That makes Cameroon's figure about 1.5 times Sierra Leone's.
Across all 10 years both countries report, Cameroon has been ahead every year.
Cameroon ranks 34th and Sierra Leone ranks 37th of 46 countries.
Cameroon has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Cameroon | Sierra Leone | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.73 cents on the dollar | 8.86 cents on the dollar | 3.87 cents on the dollar | Cameroon |
| 2010s | 13.6 cents on the dollar | 8.93 cents on the dollar | 4.67 cents on the dollar | Cameroon |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, recovery rate, Cameroon or Sierra Leone?
- Cameroon, at 13.6 cents on the dollar against 9.2 cents on the dollar in Sierra Leone as of 2012.
- What is the difference in closing a business, recovery rate between Cameroon and Sierra Leone?
- 4.4 cents on the dollar, with Cameroon ahead.
- How many years of comparable data are there for Cameroon and Sierra Leone?
- 10 years are reported by both, from 2003 to 2012.
- How do Cameroon and Sierra Leone rank globally for closing a business, recovery rate?
- Cameroon ranks 34th and Sierra Leone ranks 37th of 46 countries.
- Where does this data come from?
- World Bank, Doing Business project (http://www.doingbusiness.org/), published as Closing a business, recovery rate (cents on the dollar). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The recovery rate is recorded as cents on the dollar recouped by creditors through the bankruptcy or insolvency proceedings. The calculation takes into account whether the business emerges from the proceedings as a going concern as well as costs and the loss in value due to the time spent closing down. If the business keeps operating, no value is lost on the initial claim, set at 100 cents on the dollar. If it does not, the initial 100 cents on the dollar are reduced to 70 cents on the dollar. Then the official costs of the insolvency procedure are deducted (1 cent for each percentage of the initial value). Finally, the value lost as a result of the time the money remains tied up in insolvency proceedings is taken into account, including the loss of value due to depreciation of the hotel furniture. Consistent with international accounting practice, the depreciation rate for furniture is taken to be 20%. The furniture is assumed to account for a quarter of the total value of assets. The recovery rate is the present value of the remaining proceeds, based on end-2006 lending rates from the International Monetary Fund’s International Financial Statistics, supplemented with data from central banks. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.