Closing a business, recovery rate (cents on the dollar) in Tanzania
Tanzania: Closing a business, recovery rate (cents on the dollar) was 21.7 cents on the dollar in 2012. ▬ Flat
Closing a business, recovery rate in Tanzania, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in cents on the dollar.
Analysis
Tanzania recorded 21.7 cents on the dollar for closing a business, recovery rate in 2012.
That represents a change of down 1.4% on the previous year and down 0.9% over ten years.
Over the whole period, closing a business, recovery rate in Tanzania peaked at 22.3 cents on the dollar in 2005 and was at its lowest, 20.5 cents on the dollar, in 2007.
Tanzania ranks 24th of 46 countries on this measure, in the middle of the range.
Closing a business, recovery rate (cents on the dollar) in Tanzania, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 21.9 cents on the dollar | — |
| 2004 | 22 cents on the dollar | +0.5% |
| 2005 | 22.3 cents on the dollar | +1.4% |
| 2006 | 21.9 cents on the dollar | -1.8% |
| 2007 | 20.5 cents on the dollar | -6.4% |
| 2008 | 21.3 cents on the dollar | +3.9% |
| 2009 | 21.3 cents on the dollar | +0.0% |
| 2010 | 21.9 cents on the dollar | +2.8% |
| 2011 | 22 cents on the dollar | +0.5% |
| 2012 | 21.7 cents on the dollar | -1.4% |
Tanzania compared with similar countries
- Tanzania's 21.7 cents on the dollar is below the median for lower middle income countries, which is 26.9 cents on the dollar, 81% of the median. (23 countries reporting)
- Tanzania's 21.7 cents on the dollar is above the median for Sub-Saharan Africa, which is 21.7 cents on the dollar, 1.0× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.6 cents on the dollar | 20.5 cents on the dollar | 22.3 cents on the dollar | 7 |
| 2010s | 21.87 cents on the dollar | 21.7 cents on the dollar | 22 cents on the dollar | 3 |
Countries ranked near Tanzania
More private sector data for Tanzania
- Merchandise trade 27.5% (2025)
- Food imports 8.2% (2025)
- Manufactures imports 73.7% (2025)
- Merchandise imports 14.81 billion current US$ (2025)
- Commercial service imports 2.70 billion current US$ (2024)
- Food exports 31.0% (2025)
- Manufactures exports 11.4% (2025)
- Merchandise exports 9.96 billion current US$ (2025)
- Commercial service exports 6.80 billion current US$ (2024)
- Merchandise exports (current US$), per capita 141.13 current US$ per person (2025)
Frequently asked questions
- What is closing a business, recovery rate in Tanzania?
- Closing a business, recovery rate in Tanzania was 21.7 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 Tanzania?
- The highest recorded value was 22.3 cents on the dollar in 2005.
- What is the lowest closing a business, recovery rate recorded in Tanzania?
- The lowest recorded value was 20.5 cents on the dollar in 2007.
- How does Tanzania rank for closing a business, recovery rate?
- Tanzania ranks 24th out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Tanzania?
- Over the last ten years it is down 0.9%. The long-run trend across the full record is flat.
- Where does this Tanzania 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/.