Enforcing contracts: Cost in Guyana

Guyana: Enforcing contracts: Cost was 27.0% in 2019. ▲ Rising

Latest (2019)
27.0%
Change on year
unchanged
World rank
99th
of 188 countries
All-time high
27.0%
in 2017
All-time low
25.2%
in 2004
Years of data
16
2004–2019

Enforcing contracts: Cost in Guyana, 2004–2019

01020302004201120192004: 25.2 % of claim2005: 25.2 % of claim2006: 25.2 % of claim2007: 25.2 % of claim2008: 25.2 % of claim2009: 25.2 % of claim2010: 25.2 % of claim2011: 25.2 % of claim2012: 25.2 % of claim2013: 25.2 % of claim2014: 25.2 % of claim2015: 25.2 % of claim2016: 25.2 % of claim2017: 27 % of claim2018: 27 % of claim2019: 27 % of claim

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 99th of 188 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.

Averages by decade

DecadeAverage LowestHighest Years
2000s 25.2% 25.2% 25.2% 6
2010s 25.7% 25.2% 27.0% 10

Countries ranked near Guyana

  1. 96 Ecuador 27.2% compare
  2. 96 New Zealand 27.2% compare
  3. 98 Antigua and Barbuda 27.1% compare
  4. 99 Libya 27.0% compare
  5. 99 Palestine 27.0% compare
  6. 102 Ireland 26.9% compare

See the full ranking of 190 places →

More reference data data for Guyana

All data for Guyana →

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 99th out of 188 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

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.