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Enforcing contracts: Cost in Finland

Finland: Enforcing contracts: Cost was 16.2% in 2019. ▲ Rising

Latest (2019)
16.2%
Change on year
unchanged
World rank
172nd
of 188 countries
All-time high
16.2%
in 2011
All-time low
13.3%
in 2003
Years of data
17
2003–2019

Enforcing contracts: Cost in Finland, 2003–2019

0510152003201120192003: 13.3 % of claim2004: 13.3 % of claim2005: 13.3 % of claim2006: 13.3 % of claim2007: 13.3 % of claim2008: 13.3 % of claim2009: 13.3 % of claim2010: 13.3 % of claim2011: 16.2 % of claim2012: 16.2 % of claim2013: 16.2 % of claim2014: 16.2 % of claim2015: 16.2 % of claim2016: 16.2 % of claim2017: 16.2 % of claim2018: 16.2 % of claim2019: 16.2 % of claim

Source: World Bank. Measured in % of claim.

Analysis

In 2019, enforcing contracts: cost in Finland stood at 16.2%. That is the highest value across all 17 years on record.

That represents a change of up 21.8% over ten years.

Over the whole period, enforcing contracts: cost in Finland peaked at 16.2% in 2011 and was at its lowest, 13.3%, in 2003.

Finland ranks 172nd of 188 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.3% 13.3% 13.3% 7
2010s 15.9% 13.3% 16.2% 10

Countries ranked near Finland

  1. 169 Eritrea 16.6% compare
  2. 170 Russia 16.5% compare
  3. 171 Cyprus 16.4% compare
  4. 172 China 16.2% compare
  5. 174 Armenia 16.0% compare
  6. 175 Seychelles 15.4% compare

See the full ranking of 190 places →

More reference data data for Finland

All data for Finland →

Frequently asked questions

What is enforcing contracts: cost in Finland?
Enforcing contracts: cost in Finland was 16.2% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Finland?
The highest recorded value was 16.2% in 2011.
What is the lowest enforcing contracts: cost recorded in Finland?
The lowest recorded value was 13.3% in 2003.
How does Finland rank for enforcing contracts: cost?
Finland ranks 172nd out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Finland?
Over the last ten years it is up 21.8%. The long-run trend across the full record is rising.
Where does this Finland data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Enforcing contracts: Cost (% of claim)
Unit
% of claim
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

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.