Closing a business, recovery rate in Madagascar
Madagascar: Closing a business, recovery rate was 12.9 cents on the dollar in 2012. ▼ Falling
Closing a business, recovery rate in Madagascar, 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 Madagascar is 12.9 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 4.4% on the previous year and down 32.5% over ten years.
Over the whole period, closing a business, recovery rate in Madagascar peaked at 19.4 cents on the dollar in 2004 and was at its lowest, 12.9 cents on the dollar, in 2012.
That places Madagascar 35th out of 46 countries with data for 2012, putting it in the bottom quarter.
Closing a business, recovery rate in Madagascar, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 19.1 cents on the dollar | — |
| 2004 | 19.4 cents on the dollar | +1.6% |
| 2005 | 19 cents on the dollar | -2.1% |
| 2006 | 18.6 cents on the dollar | -2.1% |
| 2007 | 17.9 cents on the dollar | -3.8% |
| 2008 | 14.3 cents on the dollar | -20.1% |
| 2009 | 14.3 cents on the dollar | +0.0% |
| 2010 | 14.3 cents on the dollar | +0.0% |
| 2011 | 13.5 cents on the dollar | -5.6% |
| 2012 | 12.9 cents on the dollar | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.51 cents on the dollar | 14.3 cents on the dollar | 19.4 cents on the dollar | 7 |
| 2010s | 13.57 cents on the dollar | 12.9 cents on the dollar | 14.3 cents on the dollar | 3 |
Countries ranked near Madagascar
- 32 Gabon 15.2 cents on the dollar compare
- 33 Mozambique 15 cents on the dollar compare
- 34 Cameroon 13.6 cents on the dollar compare
- 36 Mauritania 10.3 cents on the dollar compare
- 37 Sierra Leone 9.2 cents on the dollar compare
- 38 Liberia 8.5 cents on the dollar compare
More private sector data for Madagascar
- Merchandise trade 39.4% (2025)
- Food imports 18.4% (2024)
- Manufactures imports 58.9% (2024)
- Merchandise imports 5.24 billion current US$ (2025)
- Food exports 30.5% (2024)
- Manufactures exports 32.3% (2024)
- Merchandise exports 2.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 76.3 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1273 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -3.25 % change on previous year (2025)
Frequently asked questions
- What is closing a business, recovery rate in Madagascar?
- Closing a business, recovery rate in Madagascar was 12.9 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 Madagascar?
- The highest recorded value was 19.4 cents on the dollar in 2004.
- What is the lowest closing a business, recovery rate recorded in Madagascar?
- The lowest recorded value was 12.9 cents on the dollar in 2012.
- How does Madagascar rank for closing a business, recovery rate?
- Madagascar ranks 35th out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Madagascar?
- Over the last ten years it is down 32.5%. The long-run trend across the full record is falling.
- Where does this Madagascar 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
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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/.