Closing a business, recovery rate in Guinea
Guinea: Closing a business, recovery rate was 17.1 cents on the dollar in 2012. ▼ Falling
Closing a business, recovery rate in Guinea, 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 Guinea is 17.1 cents on the dollar, measured in 2012. That is the lowest value across all 10 years on record.
Compared with earlier readings it is down 11.4% on the previous year and down 23.3% over ten years.
Over the whole period, closing a business, recovery rate in Guinea peaked at 23.3 cents on the dollar in 2005 and was at its lowest, 17.1 cents on the dollar, in 2012.
That places Guinea 30th out of 46 countries with data for 2012, putting it in the middle of the range.
Closing a business, recovery rate in Guinea, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 22.3 cents on the dollar | — |
| 2004 | 22.3 cents on the dollar | +0.0% |
| 2005 | 23.3 cents on the dollar | +4.5% |
| 2006 | 17.5 cents on the dollar | -24.9% |
| 2007 | 20.4 cents on the dollar | +16.6% |
| 2008 | 22 cents on the dollar | +7.8% |
| 2009 | 22 cents on the dollar | +0.0% |
| 2010 | 19.4 cents on the dollar | -11.8% |
| 2011 | 19.3 cents on the dollar | -0.5% |
| 2012 | 17.1 cents on the dollar | -11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.4 cents on the dollar | 17.5 cents on the dollar | 23.3 cents on the dollar | 7 |
| 2010s | 18.6 cents on the dollar | 17.1 cents on the dollar | 19.4 cents on the dollar | 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, recovery rate in Guinea?
- Closing a business, recovery rate in Guinea was 17.1 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 Guinea?
- The highest recorded value was 23.3 cents on the dollar in 2005.
- What is the lowest closing a business, recovery rate recorded in Guinea?
- The lowest recorded value was 17.1 cents on the dollar in 2012.
- How does Guinea rank for closing a business, recovery rate?
- Guinea ranks 30th out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Guinea?
- Over the last ten years it is down 23.3%. The long-run trend across the full record is falling.
- 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, 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/.