Closing a business, recovery rate in Senegal
Senegal: Closing a business, recovery rate was 32 cents on the dollar in 2012. ▲ Rising
Closing a business, recovery rate in Senegal, 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 Senegal is 32 cents on the dollar, measured in 2012.
That represents a change of up 173.5% over ten years.
Over the whole period, closing a business, recovery rate in Senegal peaked at 32.4 cents on the dollar in 2007 and was at its lowest, 11.7 cents on the dollar, in 2003.
That places Senegal 14th out of 46 countries with data for 2012, putting it in the middle of the range.
Closing a business, recovery rate in Senegal, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 11.7 cents on the dollar | — |
| 2004 | 17.5 cents on the dollar | +49.6% |
| 2005 | 11.7 cents on the dollar | -33.1% |
| 2006 | 31.6 cents on the dollar | +170.1% |
| 2007 | 32.4 cents on the dollar | +2.5% |
| 2008 | 31.6 cents on the dollar | -2.5% |
| 2009 | 31.6 cents on the dollar | +0.0% |
| 2010 | 32 cents on the dollar | +1.3% |
| 2011 | 32 cents on the dollar | +0.0% |
| 2012 | 32 cents on the dollar | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.01 cents on the dollar | 11.7 cents on the dollar | 32.4 cents on the dollar | 7 |
| 2010s | 32 cents on the dollar | 32 cents on the dollar | 32 cents on the dollar | 3 |
Countries ranked near Senegal
More private sector data for Senegal
- Merchandise trade 60.0% (2025)
- Food imports 19.0% (2024)
- Manufactures imports 46.4% (2024)
- Merchandise imports 11.95 billion current US$ (2025)
- Food exports 21.6% (2024)
- Manufactures exports 22.3% (2024)
- Merchandise exports 10.24 billion current US$ (2025)
- Merchandise exports (current US$), per capita 541.04 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2768 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 62.33 % change on previous year (2025)
Frequently asked questions
- What is closing a business, recovery rate in Senegal?
- Closing a business, recovery rate in Senegal was 32 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 Senegal?
- The highest recorded value was 32.4 cents on the dollar in 2007.
- What is the lowest closing a business, recovery rate recorded in Senegal?
- The lowest recorded value was 11.7 cents on the dollar in 2003.
- How does Senegal rank for closing a business, recovery rate?
- Senegal ranks 14th out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Senegal?
- Over the last ten years it is up 173.5%. The long-run trend across the full record is rising.
- Where does this Senegal 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/.