Closing a business, recovery rate in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Closing a business, recovery rate was 22.42 cents on the dollar in 2012. ▲ Rising
Closing a business, recovery rate in Sub-Saharan Africa (excluding high income), 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 Sub-Saharan Africa (excluding high income) is 22.42 cents on the dollar, measured in 2012.
That represents a change of down 1.5% on the previous year and up 35.5% over ten years.
Over the whole period, closing a business, recovery rate in Sub-Saharan Africa (excluding high income) peaked at 22.77 cents on the dollar in 2011 and was at its lowest, 16.55 cents on the dollar, in 2003.
Closing a business, recovery rate in Sub-Saharan Africa (excluding high income), year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 16.55 cents on the dollar | — |
| 2004 | 18.05 cents on the dollar | +9.1% |
| 2005 | 18.61 cents on the dollar | +3.1% |
| 2006 | 21.49 cents on the dollar | +15.5% |
| 2007 | 21.55 cents on the dollar | +0.3% |
| 2008 | 21.31 cents on the dollar | -1.1% |
| 2009 | 21.37 cents on the dollar | +0.3% |
| 2010 | 21.91 cents on the dollar | +2.5% |
| 2011 | 22.77 cents on the dollar | +3.9% |
| 2012 | 22.42 cents on the dollar | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.85 cents on the dollar | 16.55 cents on the dollar | 21.55 cents on the dollar | 7 |
| 2010s | 22.37 cents on the dollar | 21.91 cents on the dollar | 22.77 cents on the dollar | 3 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More private sector data for Sub-Saharan Africa (excluding high income)
- Merchandise trade 44.5% (2025)
- Food imports 12.1% (2024)
- Manufactures imports 56.8% (2024)
- Merchandise imports 499.63 billion current US$ (2025)
- Food exports 14.5% (2024)
- Manufactures exports 19.4% (2024)
- Merchandise exports 486.25 billion current US$ (2025)
- Merchandise exports (current US$), per capita 367.94 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2201 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 11.25 % change on previous year (2025)
Frequently asked questions
- What is closing a business, recovery rate in Sub-Saharan Africa (excluding high income)?
- Closing a business, recovery rate in Sub-Saharan Africa (excluding high income) was 22.42 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 Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 22.77 cents on the dollar in 2011.
- What is the lowest closing a business, recovery rate recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 16.55 cents on the dollar in 2003.
- How does Sub-Saharan Africa (excluding high income) rank for closing a business, recovery rate?
- Sub-Saharan Africa (excluding high income) ranks 3rd out of 6 groups with data for 2012.
- Is closing a business, recovery rate rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 35.5%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high income) 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/.