Enforcing contracts: Cost in Guyana
Guyana: Enforcing contracts: Cost was 27.0% in 2019. ▲ Rising
Enforcing contracts: Cost in Guyana, 2004–2019
Source: World Bank. Measured in % of claim.
Analysis
In 2019, enforcing contracts: cost in Guyana stood at 27.0%. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 7.1% over ten years.
Over the whole period, enforcing contracts: cost in Guyana peaked at 27.0% in 2017 and was at its lowest, 25.2%, in 2004.
Guyana ranks 102nd of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Enforcing contracts: Cost in Guyana, year by year
| Year | % of claim | Change |
|---|---|---|
| 2004 | 25.2% | — |
| 2005 | 25.2% | +0.0% |
| 2006 | 25.2% | +0.0% |
| 2007 | 25.2% | +0.0% |
| 2008 | 25.2% | +0.0% |
| 2009 | 25.2% | +0.0% |
| 2010 | 25.2% | +0.0% |
| 2011 | 25.2% | +0.0% |
| 2012 | 25.2% | +0.0% |
| 2013 | 25.2% | +0.0% |
| 2014 | 25.2% | +0.0% |
| 2015 | 25.2% | +0.0% |
| 2016 | 25.2% | +0.0% |
| 2017 | 27.0% | +7.1% |
| 2018 | 27.0% | +0.0% |
| 2019 | 27.0% | +0.0% |
Guyana compared with similar countries
- Guyana's 27.0% is above the median for high income countries, which is 22.8%, 1.2× the median. (62 countries reporting)
- Guyana's 27.0% is below the median for Latin America & Caribbean, which is 30.0%, 90% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.2% | 25.2% | 25.2% | 6 |
| 2010s | 25.7% | 25.2% | 27.0% | 10 |
Countries ranked near Guyana
More reference data data for Guyana
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0396 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0791 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.2193 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0297 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.2193 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1326 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0457 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.4179 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.05 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1619 (2050)
Frequently asked questions
- What is enforcing contracts: cost in Guyana?
- Enforcing contracts: cost in Guyana was 27.0% in 2019, according to the World Bank.
- What is the highest enforcing contracts: cost recorded in Guyana?
- The highest recorded value was 27.0% in 2017.
- What is the lowest enforcing contracts: cost recorded in Guyana?
- The lowest recorded value was 25.2% in 2004.
- How does Guyana rank for enforcing contracts: cost?
- Guyana ranks 102nd out of 191 countries with data for 2019.
- Is enforcing contracts: cost rising or falling in Guyana?
- Over the last ten years it is up 7.1%. The long-run trend across the full record is rising.
- Where does this Guyana 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 — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.