Closing a business, cost in Africa
Africa: Closing a business, cost was 21.8% in 2012. ▬ Flat
Closing a business, cost in Africa, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in % of estate.
Analysis
Africa recorded 21.8% for closing a business, cost in 2012.
That represents a change of down 1.5% over ten years.
Over the whole period, closing a business, cost in Africa peaked at 22.2% in 2003 and was at its lowest, 21.3%, in 2005.
Closing a business, cost in Africa, year by year
| Year | % of estate | Change |
|---|---|---|
| 2003 | 22.2% | — |
| 2004 | 21.9% | -1.1% |
| 2005 | 21.3% | -2.8% |
| 2006 | 21.8% | +2.2% |
| 2007 | 21.8% | +0.0% |
| 2008 | 21.9% | +0.7% |
| 2009 | 21.8% | -0.5% |
| 2010 | 21.8% | +0.0% |
| 2011 | 21.8% | +0.0% |
| 2012 | 21.8% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 21.3% | 22.2% | 7 |
| 2010s | 21.8% | 21.8% | 21.8% | 3 |
Countries ranked near Africa
More private sector data for Africa
- Minimum capital for starting a business 112.7% (2012)
- Enforcing contracts, cost 47.7% (2012)
- Getting credit, legal rights index 5.45 (2012)
- Cost of registering property 9.1% (2012)
- Closing a business, time 3.32 years (2012)
- Closing a business, recovery rate 23.52 cents on the dollar (2012)
- Protecting investors, director liability index 3.65 (2012)
- Protecting investors, investor protection index 4.55 (2012)
- Protecting investors, shareholder suits index 4.94 (2012)
- Dealing with construction permits, cost 730.2% (2012)
Frequently asked questions
- What is closing a business, cost in Africa?
- Closing a business, cost in Africa was 21.8% in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, cost recorded in Africa?
- The highest recorded value was 22.2% in 2003.
- What is the lowest closing a business, cost recorded in Africa?
- The lowest recorded value was 21.3% in 2005.
- How does Africa rank for closing a business, cost?
- Africa ranks 5th out of 6 groups with data for 2012.
- Is closing a business, cost rising or falling in Africa?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is flat.
- Where does this Africa data come from?
- The figures come from World Bank, Doing Business project (http://www.doingbusiness.org/), published as part of Closing a business, cost (% of estate). Statizoid updates them automatically from the source API.
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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/.