Closing a business, cost in Sub-Saharan Africa excluding South Africa and Nigeria
Sub-Saharan Africa excluding South Africa and Nigeria: Closing a business, cost was 22.9% in 2012. ▬ Flat
Closing a business, cost in Sub-Saharan Africa excluding South Africa and Nigeria, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in % of estate.
Analysis
Sub-Saharan Africa excluding South Africa and Nigeria recorded 22.9% for closing a business, cost in 2012.
That represents a change of down 2.5% over ten years.
Over the whole period, closing a business, cost in Sub-Saharan Africa excluding South Africa and Nigeria peaked at 23.5% in 2003 and was at its lowest, 22.3%, in 2005.
Closing a business, cost in Sub-Saharan Africa excluding South Africa and Nigeria, year by year
| Year | % of estate | Change |
|---|---|---|
| 2003 | 23.5% | — |
| 2004 | 23.1% | -1.7% |
| 2005 | 22.3% | -3.3% |
| 2006 | 22.8% | +2.4% |
| 2007 | 22.8% | +0.0% |
| 2008 | 23.0% | +0.8% |
| 2009 | 22.9% | -0.6% |
| 2010 | 22.9% | +0.0% |
| 2011 | 22.9% | +0.0% |
| 2012 | 22.9% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.9% | 22.3% | 23.5% | 7 |
| 2010s | 22.9% | 22.9% | 22.9% | 3 |
Countries ranked near Sub-Saharan Africa excluding South Africa and Nigeria
More private sector data for Sub-Saharan Africa excluding South Africa and Nigeria
- Minimum capital for starting a business 121.3% (2012)
- Enforcing contracts, cost 50.9% (2012)
- Getting credit, legal rights index 5.59 (2012)
- Cost of registering property 9.2% (2012)
- Closing a business, time 3.43 years (2012)
- Closing a business, recovery rate 21.94 cents on the dollar (2012)
- Protecting investors, director liability index 3.43 (2012)
- Protecting investors, investor protection index 4.42 (2012)
- Protecting investors, shareholder suits index 4.95 (2012)
- Dealing with construction permits, cost 776.1% (2012)
All data for Sub-Saharan Africa excluding South Africa and Nigeria →
Frequently asked questions
- What is closing a business, cost in Sub-Saharan Africa excluding South Africa and Nigeria?
- Closing a business, cost in Sub-Saharan Africa excluding South Africa and Nigeria was 22.9% in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, cost recorded in Sub-Saharan Africa excluding South Africa and Nigeria?
- The highest recorded value was 23.5% in 2003.
- What is the lowest closing a business, cost recorded in Sub-Saharan Africa excluding South Africa and Nigeria?
- The lowest recorded value was 22.3% in 2005.
- How does Sub-Saharan Africa excluding South Africa and Nigeria rank for closing a business, cost?
- Sub-Saharan Africa excluding South Africa and Nigeria ranks 1st out of 6 groups with data for 2012.
- Is closing a business, cost rising or falling in Sub-Saharan Africa excluding South Africa and Nigeria?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is flat.
- Where does this Sub-Saharan Africa excluding South Africa and Nigeria 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/.