Korea vs Norway: Enforcing contracts: Cost
Korea
12.7%
in 2019
Norway
9.9%
in 2019
Korea rank
186th
Norway rank
188th
Enforcing contracts: Cost over time
- Korea
- Norway
How they compare
Korea currently reports 12.7% against 9.9% in Norway, a difference of 2.8%.
That makes Korea's figure about 1.3 times Norway's.
Across all 17 years both countries report, Korea has been ahead every year.
Korea ranks 186th and Norway ranks 188th of 190 countries.
Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Korea | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.7% | 9.9% | 2.8% | Korea |
| 2010s | 12.7% | 9.9% | 2.8% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher enforcing contracts: cost, Korea or Norway?
- Korea, at 12.7% against 9.9% in Norway as of 2019.
- What is the difference in enforcing contracts: cost between Korea and Norway?
- 2.8%, with Korea ahead.
- How many years of comparable data are there for Korea and Norway?
- 17 years are reported by both, from 2003 to 2019.
- How do Korea and Norway rank globally for enforcing contracts: cost?
- Korea ranks 186th and Norway ranks 188th 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.