Closing a business, recovery rate in Sao Tome and Principe
Sao Tome and Principe: Closing a business, recovery rate was 5.2 cents on the dollar in 2012. ▲ Rising
Closing a business, recovery rate in Sao Tome and Principe, 2004–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in cents on the dollar.
Analysis
Sao Tome and Principe recorded 5.2 cents on the dollar for closing a business, recovery rate in 2012.
Compared with earlier readings it is down 29.7% on the previous year and up 13.0% over ten years.
Over the whole period, closing a business, recovery rate in Sao Tome and Principe peaked at 7.4 cents on the dollar in 2011 and was at its lowest, 4 cents on the dollar, in 2008.
That places Sao Tome and Principe 41st out of 46 countries with data for 2012, putting it in the bottom quarter.
Closing a business, recovery rate in Sao Tome and Principe, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2004 | 4.6 cents on the dollar | — |
| 2005 | 4.6 cents on the dollar | +0.0% |
| 2006 | 4.6 cents on the dollar | +0.0% |
| 2007 | 4.7 cents on the dollar | +2.2% |
| 2008 | 4 cents on the dollar | -14.9% |
| 2009 | 4 cents on the dollar | +0.0% |
| 2010 | 4 cents on the dollar | +0.0% |
| 2011 | 7.4 cents on the dollar | +85.0% |
| 2012 | 5.2 cents on the dollar | -29.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.42 cents on the dollar | 4 cents on the dollar | 4.7 cents on the dollar | 6 |
| 2010s | 5.53 cents on the dollar | 4 cents on the dollar | 7.4 cents on the dollar | 3 |
Countries ranked near Sao Tome and Principe
More private sector data for Sao Tome and Principe
- Merchandise trade 22.5% (2025)
- Food imports 31.8% (2023)
- Manufactures imports 37.1% (2023)
- Merchandise imports 183.00 million current US$ (2025)
- Food exports 98.2% (2023)
- Manufactures exports 1.5% (2023)
- Merchandise exports 38.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 158.17 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0387 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 31.03 % change on previous year (2025)
Frequently asked questions
- What is closing a business, recovery rate in Sao Tome and Principe?
- Closing a business, recovery rate in Sao Tome and Principe was 5.2 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 Sao Tome and Principe?
- The highest recorded value was 7.4 cents on the dollar in 2011.
- What is the lowest closing a business, recovery rate recorded in Sao Tome and Principe?
- The lowest recorded value was 4 cents on the dollar in 2008.
- How does Sao Tome and Principe rank for closing a business, recovery rate?
- Sao Tome and Principe ranks 41st out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Sao Tome and Principe?
- Over the last ten years it is up 13.0%. The long-run trend across the full record is rising.
- Where does this Sao Tome and Principe 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.
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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/.