Closing a business, cost in Guinea
Guinea: Closing a business, cost was 8.0% in 2012. ▬ Flat
Closing a business, cost in Guinea, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in % of estate.
Analysis
In 2012, closing a business, cost in Guinea stood at 8.0%. That is the highest value across all 10 years on record.
The figure is unchanged over ten years.
Over the whole period, closing a business, cost in Guinea peaked at 8.0% in 2003 and was at its lowest, 8.0%, in 2003.
That places Guinea 42nd out of 46 countries with data for 2012, putting it in the bottom quarter.
Closing a business, cost in Guinea, year by year
| Year | % of estate | Change |
|---|---|---|
| 2003 | 8.0% | — |
| 2004 | 8.0% | +0.0% |
| 2005 | 8.0% | +0.0% |
| 2006 | 8.0% | +0.0% |
| 2007 | 8.0% | +0.0% |
| 2008 | 8.0% | +0.0% |
| 2009 | 8.0% | +0.0% |
| 2010 | 8.0% | +0.0% |
| 2011 | 8.0% | +0.0% |
| 2012 | 8.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | 8.0% | 8.0% | 7 |
| 2010s | 8.0% | 8.0% | 8.0% | 3 |
Countries ranked near Guinea
More private sector data for Guinea
- Merchandise trade 82.7% (2025)
- Food imports 26.6% (2016)
- Manufactures imports 58.5% (2016)
- Merchandise imports 8.34 billion current US$ (2025)
- Food exports 4.3% (2016)
- Manufactures exports 3.7% (2016)
- Merchandise exports 15.10 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,000 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.5328 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 53.34 % change on previous year (2025)
Frequently asked questions
- What is closing a business, cost in Guinea?
- Closing a business, cost in Guinea was 8.0% in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, cost recorded in Guinea?
- The highest recorded value was 8.0% in 2003.
- What is the lowest closing a business, cost recorded in Guinea?
- The lowest recorded value was 8.0% in 2003.
- How does Guinea rank for closing a business, cost?
- Guinea ranks 42nd out of 46 countries with data for 2012.
- Is closing a business, cost rising or falling in Guinea?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Guinea 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.
Download this data
CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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/.