Closing a business, cost in Sub-Saharan Africa excluding South Africa
Sub-Saharan Africa excluding South Africa: Closing a business, cost was 22.9% in 2012. ▬ Flat
Closing a business, cost in Sub-Saharan Africa excluding South Africa, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in % of estate.
Analysis
In 2012, closing a business, cost in Sub-Saharan Africa excluding South Africa stood at 22.9%.
That represents a change of down 2.4% over ten years.
Over the whole period, closing a business, cost in Sub-Saharan Africa excluding South Africa peaked at 23.4% in 2003 and was at its lowest, 22.3%, in 2005.
Closing a business, cost in Sub-Saharan Africa excluding South Africa, year by year
| Year | % of estate | Change |
|---|---|---|
| 2003 | 23.4% | — |
| 2004 | 23.0% | -1.7% |
| 2005 | 22.3% | -3.2% |
| 2006 | 22.8% | +2.3% |
| 2007 | 22.8% | +0.0% |
| 2008 | 23.0% | +0.8% |
| 2009 | 22.9% | -0.5% |
| 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% | 23.4% | 7 |
| 2010s | 22.9% | 22.9% | 22.9% | 3 |
Countries ranked near Sub-Saharan Africa excluding South Africa
- 1 Central African Republic 76.0% compare
- 2 Chad 60.0% compare
- 3 Rwanda 50.0% compare
- 4 Liberia 43.0% compare
- 5 Sierra Leone 42.0% compare
More private sector data for Sub-Saharan Africa excluding South Africa
- Minimum capital for starting a business 118.6% (2012)
- Enforcing contracts, cost 50.5% (2012)
- Getting credit, legal rights index 5.67 (2012)
- Cost of registering property 9.5% (2012)
- Closing a business, time 3.4 years (2012)
- Closing a business, recovery rate 22.09 cents on the dollar (2012)
- Protecting investors, director liability index 3.51 (2012)
- Protecting investors, investor protection index 4.45 (2012)
- Protecting investors, shareholder suits index 4.96 (2012)
- Dealing with construction permits, cost 767.9% (2012)
Frequently asked questions
- What is closing a business, cost in Sub-Saharan Africa excluding South Africa?
- Closing a business, cost in Sub-Saharan Africa excluding South Africa 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?
- The highest recorded value was 23.4% in 2003.
- What is the lowest closing a business, cost recorded in Sub-Saharan Africa excluding South Africa?
- The lowest recorded value was 22.3% in 2005.
- How does Sub-Saharan Africa excluding South Africa rank for closing a business, cost?
- Sub-Saharan Africa excluding South Africa ranks 2nd out of 6 groups with data for 2012.
- Is closing a business, cost rising or falling in Sub-Saharan Africa excluding South Africa?
- Over the last ten years it is down 2.4%. The long-run trend across the full record is flat.
- Where does this Sub-Saharan Africa excluding South 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/.