Nigeria vs Panama: Enforcing contracts: Cost
Nigeria
38.9%
in 2019
Panama
38.0%
in 2019
Nigeria rank
45th
Panama rank
48th
Enforcing contracts: Cost over time
- Nigeria
- Panama
How they compare
Nigeria currently reports 38.9% against 38.0% in Panama, a difference of 0.9%.
Across all 17 years both countries report, Nigeria has been ahead every year.
Nigeria ranks 45th and Panama ranks 48th of 190 countries.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nigeria | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 92.0% | 50.0% | 42.0% | Nigeria |
| 2010s | 54.8% | 38.0% | 16.8% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher enforcing contracts: cost, Nigeria or Panama?
- Nigeria, at 38.9% against 38.0% in Panama as of 2019.
- What is the difference in enforcing contracts: cost between Nigeria and Panama?
- 0.9%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Panama?
- 17 years are reported by both, from 2003 to 2019.
- How do Nigeria and Panama rank globally for enforcing contracts: cost?
- Nigeria ranks 45th and Panama ranks 48th 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.