Australia vs Republic of Korea: Resolving insolvency: Recovery rate
Resolving insolvency: Recovery rate over time
- Australia
- Republic of Korea
How they compare
Republic of Korea currently reports 84.3 cents on the dollar against 82.7 cents on the dollar in Australia, a difference of 1.6 cents on the dollar.
The two have swapped places 2 times across 17 shared years of data; in 2003 it was Republic of Korea ahead.
Australia ranks 15th and Republic of Korea ranks 14th of 190 countries.
Republic of Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Australia | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 79.57 cents on the dollar | 81.14 cents on the dollar | 1.57 cents on the dollar | Republic of Korea |
| 2010s | 81.9 cents on the dollar | 83.29 cents on the dollar | 1.39 cents on the dollar | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher resolving insolvency: recovery rate, Australia or Republic of Korea?
- Republic of Korea, at 84.3 cents on the dollar against 82.7 cents on the dollar in Australia as of 2019.
- What is the difference in resolving insolvency: recovery rate between Australia and Republic of Korea?
- 1.6 cents on the dollar, with Republic of Korea ahead.
- How many years of comparable data are there for Australia and Republic of Korea?
- 17 years are reported by both, from 2003 to 2019.
- How do Australia and Republic of Korea rank globally for resolving insolvency: recovery rate?
- Australia ranks 15th and Republic of Korea ranks 14th of 190 countries.
- Where does this data come from?
- The World Bank, published as Resolving insolvency: Recovery rate (cents on the dollar). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The recovery rate is recorded as cents on the dollar recovered by secured creditors through judicial reorganization, liquidation or debt enforcement (foreclosure or receivership) proceedings. The calculation takes into account the outcome: whether the business emerges from the proceedings as a going concern or the assets are sold piecemeal.