Closing a business, recovery rate in Gambia
Gambia: Closing a business, recovery rate was 27.8 cents on the dollar in 2012. ▲ Rising
Closing a business, recovery rate in Gambia, 2005–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in cents on the dollar.
Analysis
Gambia recorded 27.8 cents on the dollar for closing a business, recovery rate in 2012.
That represents a change of up 4.9% over ten years.
That places Gambia 19th out of 46 countries with data for 2012, putting it in the middle of the range.
Closing a business, recovery rate in Gambia, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2005 | 26.5 cents on the dollar | — |
| 2006 | 26.5 cents on the dollar | +0.0% |
| 2007 | 27.8 cents on the dollar | +4.9% |
| 2008 | 27.9 cents on the dollar | +0.4% |
| 2009 | 27.9 cents on the dollar | +0.0% |
| 2010 | 28.2 cents on the dollar | +1.1% |
| 2011 | 27.8 cents on the dollar | -1.4% |
| 2012 | 27.8 cents on the dollar | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.32 cents on the dollar | 26.5 cents on the dollar | 27.9 cents on the dollar | 5 |
| 2010s | 27.93 cents on the dollar | 27.8 cents on the dollar | 28.2 cents on the dollar | 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, recovery rate in Gambia?
- Closing a business, recovery rate in Gambia was 27.8 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 Gambia?
- The highest recorded value was 28.2 cents on the dollar in 2010.
- What is the lowest closing a business, recovery rate recorded in Gambia?
- The lowest recorded value was 26.5 cents on the dollar in 2005.
- How does Gambia rank for closing a business, recovery rate?
- Gambia ranks 19th out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Gambia?
- Over the last ten years it is up 4.9%. The long-run trend across the full record is rising.
- 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, recovery rate (cents on the dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 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/.