Sub-Saharan Africa (excluding high income) vs Tunisia: Closing a business, recovery rate
Closing a business, recovery rate over time
- Sub-Saharan Africa (excluding high income)
- Tunisia
How they compare
Tunisia currently reports 52 cents on the dollar against 22.42 cents on the dollar in Sub-Saharan Africa (excluding high income), a difference of 29.58 cents on the dollar.
That makes Tunisia's figure about 2.3 times Sub-Saharan Africa (excluding high income)'s.
Across all 10 years both countries report, Tunisia has been ahead every year.
Sub-Saharan Africa (excluding high income) ranks 3rd and Tunisia ranks 2nd of 6 groups.
Tunisia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Sub-Saharan Africa (excluding high income) | Tunisia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 19.85 cents on the dollar | 51.9 cents on the dollar | 32.05 cents on the dollar | Tunisia |
| 2010s | 22.37 cents on the dollar | 51.97 cents on the dollar | 29.6 cents on the dollar | Tunisia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, recovery rate, Sub-Saharan Africa (excluding high income) or Tunisia?
- Tunisia, at 52 cents on the dollar against 22.42 cents on the dollar in Sub-Saharan Africa (excluding high income) as of 2012.
- What is the difference in closing a business, recovery rate between Sub-Saharan Africa (excluding high income) and Tunisia?
- 29.58 cents on the dollar, with Tunisia ahead.
- How many years of comparable data are there for Sub-Saharan Africa (excluding high income) and Tunisia?
- 10 years are reported by both, from 2003 to 2012.
- How do Sub-Saharan Africa (excluding high income) and Tunisia rank globally for closing a business, recovery rate?
- Sub-Saharan Africa (excluding high income) ranks 3rd and Tunisia ranks 2nd of 6 groups.
- 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/.