Republic of Korea vs Luxembourg: Enforcing contracts: Cost
Republic of Korea
12.7%
in 2019
Luxembourg
9.7%
in 2019
Republic of Korea rank
186th
Luxembourg rank
189th
Enforcing contracts: Cost over time
- Republic of Korea
- Luxembourg
How they compare
Republic of Korea currently reports 12.7% against 9.7% in Luxembourg, a difference of 3.0%.
That makes Republic of Korea's figure about 1.3 times Luxembourg's.
Across all 14 years both countries report, Republic of Korea has been ahead every year.
Republic of Korea ranks 186th and Luxembourg ranks 189th of 190 countries.
Republic of Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Republic of Korea | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.7% | 9.0% | 3.7% | Republic of Korea |
| 2010s | 12.7% | 9.7% | 3.0% | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher enforcing contracts: cost, Republic of Korea or Luxembourg?
- Republic of Korea, at 12.7% against 9.7% in Luxembourg as of 2019.
- What is the difference in enforcing contracts: cost between Republic of Korea and Luxembourg?
- 3.0%, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Luxembourg?
- 14 years are reported by both, from 2006 to 2019.
- How do Republic of Korea and Luxembourg rank globally for enforcing contracts: cost?
- Republic of Korea ranks 186th and Luxembourg ranks 189th of 190 countries.
- Where does this data come from?
- The World Bank, published as Enforcing contracts: Cost (% of claim). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.