Closing a business, cost in Gambia
Gambia: Closing a business, cost was 15.0% in 2012. ▬ Flat
Closing a business, cost in Gambia, 2005–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in % of estate.
Analysis
The most recent figure for closing a business, cost in Gambia is 15.0%, measured in 2012. That is the highest value across all 8 years on record.
The figure is unchanged over ten years.
Gambia ranks 29th of 46 countries on this measure, in the middle of the range.
Closing a business, cost in Gambia, year by year
| Year | % of estate | Change |
|---|---|---|
| 2005 | 15.0% | — |
| 2006 | 15.0% | +0.0% |
| 2007 | 15.0% | +0.0% |
| 2008 | 15.0% | +0.0% |
| 2009 | 15.0% | +0.0% |
| 2010 | 15.0% | +0.0% |
| 2011 | 15.0% | +0.0% |
| 2012 | 15.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.0% | 15.0% | 15.0% | 5 |
| 2010s | 15.0% | 15.0% | 15.0% | 3 |
Countries ranked near Gambia
More private sector data for Gambia
- Merchandise trade 54.3% (2025)
- Food imports 22.0% (2024)
- Manufactures imports 44.7% (2024)
- Merchandise imports 894.00 million current US$ (2025)
- Food exports 90.7% (2024)
- Manufactures exports 1.0% (2024)
- Merchandise exports 514.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 182.13 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1982 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 41.6 % change on previous year (2025)
Frequently asked questions
- What is closing a business, cost in Gambia?
- Closing a business, cost in Gambia was 15.0% in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, cost recorded in Gambia?
- The highest recorded value was 15.0% in 2005.
- What is the lowest closing a business, cost recorded in Gambia?
- The lowest recorded value was 15.0% in 2005.
- How does Gambia rank for closing a business, cost?
- Gambia ranks 29th out of 46 countries with data for 2012.
- Is closing a business, cost rising or falling in Gambia?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Gambia 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/.