Congo, Democratic Republic of the vs Sao Tome and Principe: Closing a business, recovery rate
Closing a business, recovery rate over time
- Congo, Democratic Republic of the
- Sao Tome and Principe
How they compare
Sao Tome and Principe currently reports 5.2 cents on the dollar against 1.6 cents on the dollar in Congo, Democratic Republic of the, a difference of 3.6 cents on the dollar.
That makes Sao Tome and Principe's figure about 3.2 times Congo, Democratic Republic of the's.
The two have swapped places 2 times across 9 shared years of data; in 2004 it was Sao Tome and Principe ahead.
Congo, Democratic Republic of the ranks 43rd and Sao Tome and Principe ranks 41st of 46 countries.
Sao Tome and Principe has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Congo, Democratic Republic of the | Sao Tome and Principe | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 3.27 cents on the dollar | 4.42 cents on the dollar | 1.15 cents on the dollar | Sao Tome and Principe |
| 2010s | 1.3 cents on the dollar | 5.53 cents on the dollar | 4.23 cents on the dollar | Sao Tome and Principe |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, recovery rate, Congo, Democratic Republic of the or Sao Tome and Principe?
- Sao Tome and Principe, at 5.2 cents on the dollar against 1.6 cents on the dollar in Congo, Democratic Republic of the as of 2012.
- What is the difference in closing a business, recovery rate between Congo, Democratic Republic of the and Sao Tome and Principe?
- 3.6 cents on the dollar, with Sao Tome and Principe ahead.
- How many years of comparable data are there for Congo, Democratic Republic of the and Sao Tome and Principe?
- 9 years are reported by both, from 2004 to 2012.
- How do Congo, Democratic Republic of the and Sao Tome and Principe rank globally for closing a business, recovery rate?
- Congo, Democratic Republic of the ranks 43rd and Sao Tome and Principe ranks 41st 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/.