Enforcing contracts: Cost in Guinea

Guinea: Enforcing contracts: Cost was 45.0% in 2019. ▬ Flat

Latest (2019)
45.0%
Change on year
unchanged
World rank
32nd
of 188 countries
All-time high
45.0%
in 2003
All-time low
45.0%
in 2003
Years of data
17
2003–2019

Enforcing contracts: Cost in Guinea, 2003–2019

010203040502003201120192003: 45 % of claim2004: 45 % of claim2005: 45 % of claim2006: 45 % of claim2007: 45 % of claim2008: 45 % of claim2009: 45 % of claim2010: 45 % of claim2011: 45 % of claim2012: 45 % of claim2013: 45 % of claim2014: 45 % of claim2015: 45 % of claim2016: 45 % of claim2017: 45 % of claim2018: 45 % of claim2019: 45 % of claim

Source: World Bank. Measured in % of claim.

Analysis

Guinea recorded 45.0% for enforcing contracts: cost in 2019. That is the highest value across all 17 years on record.

Compared with earlier readings it is unchanged over ten years.

Over the whole period, enforcing contracts: cost in Guinea peaked at 45.0% in 2003 and was at its lowest, 45.0%, in 2003.

That places Guinea 32nd out of 188 countries with data for 2019, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 45.0% 45.0% 45.0% 7
2010s 45.0% 45.0% 45.0% 10

Countries ranked near Guinea

  1. 29 Chad 45.7% compare
  2. 29 United Kingdom 45.7% compare
  3. 31 Sao Tome and Principe 45.6% compare
  4. 33 Angola 44.4% compare
  5. 34 Venezuela 43.7% compare
  6. 35 Albania 42.7% compare

See the full ranking of 190 places →

More reference data data for Guinea

All data for Guinea →

Frequently asked questions

What is enforcing contracts: cost in Guinea?
Enforcing contracts: cost in Guinea was 45.0% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Guinea?
The highest recorded value was 45.0% in 2003.
What is the lowest enforcing contracts: cost recorded in Guinea?
The lowest recorded value was 45.0% in 2003.
How does Guinea rank for enforcing contracts: cost?
Guinea ranks 32nd out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Guinea?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Guinea 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.