Closing a business, recovery rate in Ethiopia
Ethiopia: Closing a business, recovery rate was 25.9 cents on the dollar in 2012. ▼ Falling
Closing a business, recovery rate in Ethiopia, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in cents on the dollar.
Analysis
The most recent figure for closing a business, recovery rate in Ethiopia is 25.9 cents on the dollar, measured in 2012. That is the lowest value across all 10 years on record.
The figure is down 17.5% on the previous year and down 19.3% over ten years.
Over the whole period, closing a business, recovery rate in Ethiopia peaked at 33.1 cents on the dollar in 2005 and was at its lowest, 25.9 cents on the dollar, in 2012.
That places Ethiopia 22nd out of 46 countries with data for 2012, putting it in the middle of the range.
Closing a business, recovery rate in Ethiopia, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 32.1 cents on the dollar | — |
| 2004 | 32.1 cents on the dollar | +0.0% |
| 2005 | 33.1 cents on the dollar | +3.1% |
| 2006 | 33.1 cents on the dollar | +0.0% |
| 2007 | 33.1 cents on the dollar | +0.0% |
| 2008 | 32.2 cents on the dollar | -2.7% |
| 2009 | 32.2 cents on the dollar | +0.0% |
| 2010 | 31.3 cents on the dollar | -2.8% |
| 2011 | 31.4 cents on the dollar | +0.3% |
| 2012 | 25.9 cents on the dollar | -17.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.56 cents on the dollar | 32.1 cents on the dollar | 33.1 cents on the dollar | 7 |
| 2010s | 29.53 cents on the dollar | 25.9 cents on the dollar | 31.4 cents on the dollar | 3 |
Countries ranked near Ethiopia
More private sector data for Ethiopia
- Merchandise trade 24.2% (2025)
- Food imports 13.8% (2023)
- Manufactures imports 69.2% (2023)
- Merchandise imports 23.01 billion current US$ (2025)
- Food exports 80.4% (2023)
- Manufactures exports 9.2% (2023)
- Merchandise exports 7.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 55.99 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.06 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 38.61 % change on previous year (2025)
Frequently asked questions
- What is closing a business, recovery rate in Ethiopia?
- Closing a business, recovery rate in Ethiopia was 25.9 cents on the dollar in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, recovery rate recorded in Ethiopia?
- The highest recorded value was 33.1 cents on the dollar in 2005.
- What is the lowest closing a business, recovery rate recorded in Ethiopia?
- The lowest recorded value was 25.9 cents on the dollar in 2012.
- How does Ethiopia rank for closing a business, recovery rate?
- Ethiopia ranks 22nd out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Ethiopia?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is falling.
- Where does this Ethiopia data come from?
- The figures come from World Bank, Doing Business project (http://www.doingbusiness.org/), published as part of Closing a business, recovery rate (cents on the dollar). 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 recovery rate is recorded as cents on the dollar recouped by creditors through the bankruptcy or insolvency proceedings. The calculation takes into account whether the business emerges from the proceedings as a going concern as well as costs and the loss in value due to the time spent closing down. If the business keeps operating, no value is lost on the initial claim, set at 100 cents on the dollar. If it does not, the initial 100 cents on the dollar are reduced to 70 cents on the dollar. Then the official costs of the insolvency procedure are deducted (1 cent for each percentage of the initial value). Finally, the value lost as a result of the time the money remains tied up in insolvency proceedings is taken into account, including the loss of value due to depreciation of the hotel furniture. Consistent with international accounting practice, the depreciation rate for furniture is taken to be 20%. The furniture is assumed to account for a quarter of the total value of assets. The recovery rate is the present value of the remaining proceeds, based on end-2006 lending rates from the International Monetary Fund’s International Financial Statistics, supplemented with data from central banks. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.