Closing a business, recovery rate (cents on the dollar) in Togo
Togo: Closing a business, recovery rate (cents on the dollar) was 30.5 cents on the dollar in 2012. ▲ Rising
Closing a business, recovery rate in Togo, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in cents on the dollar.
Analysis
Togo recorded 30.5 cents on the dollar for closing a business, recovery rate in 2012.
That represents a change of up 94.3% over ten years.
Over the whole period, closing a business, recovery rate in Togo peaked at 30.6 cents on the dollar in 2010 and was at its lowest, 14.6 cents on the dollar, in 2004.
That places Togo 15th out of 46 countries with data for 2012, putting it in the middle of the range.
Closing a business, recovery rate (cents on the dollar) in Togo, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 15.7 cents on the dollar | — |
| 2004 | 14.6 cents on the dollar | -7.0% |
| 2005 | 15.7 cents on the dollar | +7.5% |
| 2006 | 26.9 cents on the dollar | +71.3% |
| 2007 | 26.3 cents on the dollar | -2.2% |
| 2008 | 26.6 cents on the dollar | +1.1% |
| 2009 | 26.6 cents on the dollar | +0.0% |
| 2010 | 30.6 cents on the dollar | +15.0% |
| 2011 | 30.5 cents on the dollar | -0.3% |
| 2012 | 30.5 cents on the dollar | +0.0% |
Togo compared with similar countries
- Togo's 30.5 cents on the dollar is above the median for lower middle income countries, which is 26.9 cents on the dollar, 1.1× the median. (23 countries reporting)
- Togo's 30.5 cents on the dollar is above the median for Sub-Saharan Africa, which is 21.7 cents on the dollar, 1.4× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.77 cents on the dollar | 14.6 cents on the dollar | 26.9 cents on the dollar | 7 |
| 2010s | 30.53 cents on the dollar | 30.5 cents on the dollar | 30.6 cents on the dollar | 3 |
Countries ranked near Togo
More private sector data for Togo
- Merchandise trade 43.7% (2025)
- Food imports 20.6% (2025)
- Manufactures imports 69.0% (2025)
- Merchandise imports 3.40 billion current US$ (2025)
- Commercial service imports 435.35 million current US$ (2020)
- Food exports 34.4% (2025)
- Manufactures exports 35.0% (2025)
- Merchandise exports 1.80 billion current US$ (2025)
- Commercial service exports 479.01 million current US$ (2020)
- Merchandise exports (current US$), per capita 209.51 current US$ per person (2025)
Frequently asked questions
- What is closing a business, recovery rate in Togo?
- Closing a business, recovery rate in Togo was 30.5 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 Togo?
- The highest recorded value was 30.6 cents on the dollar in 2010.
- What is the lowest closing a business, recovery rate recorded in Togo?
- The lowest recorded value was 14.6 cents on the dollar in 2004.
- How does Togo rank for closing a business, recovery rate?
- Togo ranks 15th out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Togo?
- Over the last ten years it is up 94.3%. The long-run trend across the full record is rising.
- Where does this Togo 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/.